OSI Systems, Inc. (NASDAQ:OSIS) Shares Purchased by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC grew its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 6.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,689 shares of the technology company’s stock after purchasing an additional 1,293 shares during the quarter. Oliver Luxxe Assets LLC owned 0.14% of OSI Systems worth $3,799,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of OSIS. Arizona State Retirement System grew its position in shares of OSI Systems by 2.2% during the 2nd quarter. Arizona State Retirement System now owns 4,532 shares of the technology company’s stock valued at $623,000 after buying an additional 97 shares during the last quarter. Orion Portfolio Solutions LLC grew its position in shares of OSI Systems by 3.3% during the third quarter. Orion Portfolio Solutions LLC now owns 3,301 shares of the technology company’s stock worth $501,000 after acquiring an additional 106 shares during the last quarter. US Bancorp DE increased its holdings in shares of OSI Systems by 4.8% in the 3rd quarter. US Bancorp DE now owns 2,418 shares of the technology company’s stock worth $367,000 after acquiring an additional 111 shares during the period. Inspire Investing LLC lifted its position in OSI Systems by 7.9% in the 3rd quarter. Inspire Investing LLC now owns 2,741 shares of the technology company’s stock valued at $416,000 after purchasing an additional 200 shares during the last quarter. Finally, Truvestments Capital LLC boosted its stake in OSI Systems by 11.1% during the 3rd quarter. Truvestments Capital LLC now owns 2,159 shares of the technology company’s stock valued at $328,000 after purchasing an additional 216 shares during the period. Hedge funds and other institutional investors own 89.21% of the company’s stock.

Insiders Place Their Bets

In other OSI Systems news, Director Gerald M. Chizever sold 2,000 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $148.16, for a total transaction of $296,320.00. Following the sale, the director now directly owns 7,701 shares of the company’s stock, valued at $1,140,980.16. The trade was a 20.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $187.66, for a total value of $3,753,200.00. Following the completion of the sale, the chief executive officer now directly owns 404,323 shares of the company’s stock, valued at approximately $75,875,254.18. This trade represents a 4.71 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 43,591 shares of company stock worth $7,557,745. Company insiders own 5.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. StockNews.com upgraded OSI Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, December 10th. Wells Fargo & Company raised their price target on OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Finally, Bank of America initiated coverage on shares of OSI Systems in a report on Monday, September 30th. They issued a “buy” rating and a $175.00 price objective for the company. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $179.00.

OSI Systems Price Performance

Shares of NASDAQ OSIS traded down $3.19 during midday trading on Monday, reaching $163.59. The company’s stock had a trading volume of 61,742 shares, compared to its average volume of 95,122. OSI Systems, Inc. has a one year low of $120.42 and a one year high of $189.13. The company has a market cap of $2.73 billion, a price-to-earnings ratio of 21.36, a price-to-earnings-growth ratio of 1.55 and a beta of 1.19. The company has a 50 day moving average price of $164.72 and a 200 day moving average price of $151.03. The company has a current ratio of 1.84, a quick ratio of 1.20 and a debt-to-equity ratio of 0.60.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings data on Thursday, October 24th. The technology company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.19. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. The company had revenue of $344.01 million during the quarter, compared to the consensus estimate of $318.66 million. During the same quarter in the prior year, the firm earned $0.91 EPS. The company’s quarterly revenue was up 23.2% compared to the same quarter last year. On average, equities research analysts expect that OSI Systems, Inc. will post 9.13 EPS for the current year.

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.