Skylands Capital LLC Takes $1.39 Million Position in OSI Systems, Inc. (NASDAQ:OSIS)

Skylands Capital LLC acquired a new position in shares of OSI Systems, Inc. (NASDAQ:OSIS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,750 shares of the technology company’s stock, valued at approximately $1,387,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OSIS. Calamos Advisors LLC acquired a new stake in shares of OSI Systems during the 4th quarter valued at approximately $762,000. Louisiana State Employees Retirement System purchased a new stake in OSI Systems during the fourth quarter worth $1,007,000. Vanguard Group Inc. grew its holdings in OSI Systems by 2.6% in the third quarter. Vanguard Group Inc. now owns 1,990,492 shares of the technology company’s stock valued at $234,958,000 after purchasing an additional 49,634 shares during the last quarter. Qube Research & Technologies Ltd increased its position in shares of OSI Systems by 25.7% in the third quarter. Qube Research & Technologies Ltd now owns 45,903 shares of the technology company’s stock valued at $5,418,000 after buying an additional 9,379 shares in the last quarter. Finally, Oliver Luxxe Assets LLC purchased a new position in shares of OSI Systems in the third quarter valued at $813,000. 89.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. StockNews.com cut shares of OSI Systems from a “buy” rating to a “hold” rating in a research note on Saturday. Oppenheimer raised their price target on OSI Systems from $157.00 to $160.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Roth Mkm upped their price objective on OSI Systems from $169.00 to $172.00 and gave the company a “buy” rating in a research report on Friday.

Insider Buying and Selling

In other news, General Counsel Victor S. Sze sold 15,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $130.21, for a total transaction of $1,953,150.00. Following the completion of the transaction, the general counsel now owns 63,116 shares of the company’s stock, valued at approximately $8,218,334.36. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $129.11, for a total value of $2,582,200.00. Following the transaction, the chief executive officer now owns 468,615 shares in the company, valued at $60,502,882.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Victor S. Sze sold 15,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $130.21, for a total value of $1,953,150.00. Following the completion of the transaction, the general counsel now owns 63,116 shares in the company, valued at $8,218,334.36. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by company insiders.

OSI Systems Stock Performance

Shares of OSIS opened at $135.60 on Tuesday. OSI Systems, Inc. has a 1 year low of $103.04 and a 1 year high of $144.11. The company’s 50 day simple moving average is $135.71 and its 200 day simple moving average is $127.61. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 1.52 and a beta of 0.98. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.89 and a current ratio of 1.47.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings results on Thursday, April 25th. The technology company reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.11 by $0.05. The company had revenue of $405.41 million for the quarter, compared to analyst estimates of $401.99 million. OSI Systems had a return on equity of 18.10% and a net margin of 8.56%. The business’s revenue for the quarter was up 33.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.49 EPS. On average, sell-side analysts predict that OSI Systems, Inc. will post 8.08 EPS for the current year.

About OSI Systems

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.