Truvestments Capital LLC Makes New Investment in OSI Systems, Inc. (NASDAQ:OSIS)

Truvestments Capital LLC purchased a new stake in shares of OSI Systems, Inc. (NASDAQ:OSIS) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,654 shares of the technology company’s stock, valued at approximately $236,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in OSI Systems by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,990,492 shares of the technology company’s stock worth $234,958,000 after purchasing an additional 49,634 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of OSI Systems by 3,585.7% in the fourth quarter. International Assets Investment Management LLC now owns 516 shares of the technology company’s stock worth $67,000 after buying an additional 502 shares in the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of OSI Systems in the fourth quarter worth $1,007,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in OSI Systems by 25.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,844 shares of the technology company’s stock valued at $496,000 after buying an additional 782 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its position in OSI Systems by 22.2% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 7,700 shares of the technology company’s stock worth $994,000 after buying an additional 1,400 shares in the last quarter. 89.21% of the stock is owned by hedge funds and other institutional investors.

OSI Systems Price Performance

OSIS traded up $2.91 during midday trading on Friday, hitting $150.33. The stock had a trading volume of 62,146 shares, compared to its average volume of 155,890. The company has a market cap of $2.56 billion, a P/E ratio of 20.68, a price-to-earnings-growth ratio of 1.55 and a beta of 1.09. OSI Systems, Inc. has a 1 year low of $103.04 and a 1 year high of $153.41. The business has a fifty day moving average of $140.53 and a 200 day moving average of $136.24. 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 released its earnings results on Thursday, April 25th. The technology company reported $2.16 EPS for the quarter, beating the consensus estimate 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 net margin of 8.56% and a return on equity of 18.10%. The firm’s quarterly revenue was up 33.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.49 EPS. As a group, equities analysts forecast that OSI Systems, Inc. will post 8.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on OSIS shares. Oppenheimer raised their price target on OSI Systems from $157.00 to $160.00 and gave the company an “outperform” rating in a report on Monday, April 29th. Roth Mkm lifted their target price on shares of OSI Systems from $169.00 to $172.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Finally, StockNews.com cut shares of OSI Systems from a “buy” rating to a “hold” rating in a research note on Saturday, April 27th.

Insider Activity

In related news, CEO Deepak Chopra sold 40,000 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $139.75, for a total transaction of $5,590,000.00. Following the completion of the sale, the chief executive officer now directly owns 428,615 shares in the company, valued at approximately $59,898,946.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Deepak Chopra sold 40,000 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $139.75, for a total transaction of $5,590,000.00. Following the completion of the sale, the chief executive officer now directly owns 428,615 shares in the company, valued at approximately $59,898,946.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William Francis Ballhaus, Jr. sold 675 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $133.98, for a total transaction of $90,436.50. Following the completion of the sale, the director now directly owns 25,907 shares in the company, valued at approximately $3,471,019.86. The disclosure for this sale can be found here. Over the last three months, insiders have sold 99,281 shares of company stock valued at $14,011,624. 5.60% of the stock is currently owned by insiders.

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.