OSI Systems, Inc. (NASDAQ:OSIS) Shares Purchased by Vestcor Inc

Vestcor Inc raised its holdings in OSI Systems, Inc. (NASDAQ:OSIS) by 143.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,019 shares of the technology company’s stock after buying an additional 1,189 shares during the quarter. Vestcor Inc’s holdings in OSI Systems were worth $338,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Richardson Financial Services Inc. lifted its stake in shares of OSI Systems by 65.6% in the fourth quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock valued at $26,000 after purchasing an additional 61 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of OSI Systems by 243.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company’s stock valued at $46,000 after acquiring an additional 195 shares during the period. KBC Group NV boosted its stake in shares of OSI Systems by 37.1% during the 4th quarter. KBC Group NV now owns 699 shares of the technology company’s stock worth $117,000 after acquiring an additional 189 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of OSI Systems by 36.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 768 shares of the technology company’s stock worth $129,000 after acquiring an additional 207 shares during the period. Finally, Global Retirement Partners LLC increased its stake in OSI Systems by 80.1% in the 4th quarter. Global Retirement Partners LLC now owns 861 shares of the technology company’s stock valued at $144,000 after purchasing an additional 383 shares in the last quarter. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on OSIS shares. Wells Fargo & Company upped their target price on OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. B. Riley increased their price objective on shares of OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, January 24th. StockNews.com cut shares of OSI Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. initiated coverage on shares of OSI Systems in a research report on Friday, February 21st. They issued a “neutral” rating and a $225.00 price target on the stock. Finally, Roth Mkm lifted their price objective on OSI Systems from $178.00 to $224.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, OSI Systems presently has a consensus rating of “Moderate Buy” and an average target price of $212.00.

OSI Systems Stock Up 2.7 %

OSIS stock opened at $189.17 on Tuesday. The company has a 50 day moving average price of $189.76 and a two-hundred day moving average price of $167.77. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 1.88. The stock has a market capitalization of $3.18 billion, a P/E ratio of 24.35, a PEG ratio of 1.81 and a beta of 1.20. OSI Systems, Inc. has a one year low of $126.57 and a one year high of $220.00.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings data on Thursday, January 23rd. The technology company reported $2.42 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.08. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. As a group, sell-side analysts expect that OSI Systems, Inc. will post 9.22 EPS for the current year.

Insider Activity

In other news, Director Gerald M. Chizever sold 2,701 shares of the business’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $195.83, for a total transaction of $528,936.83. Following the completion of the sale, the director now directly owns 5,000 shares of the company’s stock, valued at $979,150. The trade was a 35.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Paul Keith Morben sold 155 shares of the company’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $199.36, for a total value of $30,900.80. Following the sale, the insider now owns 10,077 shares of the company’s stock, valued at approximately $2,008,950.72. The trade was a 1.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.

OSI Systems Company Profile

OSI Systems, Inc designs and manufactures electronic systems and components. It operates in three segments: Security, Healthcare, and Optoelectronics and Manufacturing. The Security segment offers baggage and parcel inspection, cargo and vehicle inspection, hold baggage and people screening, radiation monitoring, explosive and narcotics trace detection systems, and optical inspection systems under the Rapiscan name.