Cascade Investment Advisors Inc. Increases Stock Position in OSI Systems, Inc. (NASDAQ:OSIS)

Cascade Investment Advisors Inc. grew its stake in OSI Systems, Inc. (NASDAQ:OSIS) by 4.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,726 shares of the technology company’s stock after buying an additional 481 shares during the period. OSI Systems makes up about 1.2% of Cascade Investment Advisors Inc.’s holdings, making the stock its 26th biggest holding. Cascade Investment Advisors Inc. owned 0.06% of OSI Systems worth $1,796,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. International Assets Investment Management LLC raised its holdings in shares of OSI Systems by 15,075.0% during the 3rd quarter. International Assets Investment Management LLC now owns 607 shares of the technology company’s stock valued at $92,000 after buying an additional 603 shares in the last quarter. KBC Group NV boosted its stake in shares of OSI Systems by 37.1% in the 4th quarter. KBC Group NV now owns 699 shares of the technology company’s stock valued at $117,000 after purchasing an additional 189 shares in the last quarter. nVerses Capital LLC purchased a new position in OSI Systems in the 3rd quarter worth $182,000. Hohimer Wealth Management LLC bought a new stake in OSI Systems in the third quarter worth $264,000. Finally, Truvestments Capital LLC boosted its position in OSI Systems by 11.1% during the third quarter. Truvestments Capital LLC now owns 2,159 shares of the technology company’s stock valued at $328,000 after buying an additional 216 shares during the period. Institutional investors own 89.21% of the company’s stock.

OSI Systems Stock Performance

NASDAQ:OSIS opened at $193.60 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.84 and a debt-to-equity ratio of 0.60. The firm’s fifty day simple moving average is $171.97 and its 200 day simple moving average is $154.18. The stock has a market cap of $3.24 billion, a P/E ratio of 25.27, a price-to-earnings-growth ratio of 1.44 and a beta of 1.19. OSI Systems, Inc. has a twelve month low of $126.57 and a twelve month high of $200.14.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.34 by $0.08. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. As a group, research analysts predict that OSI Systems, Inc. will post 9.13 EPS for the current year.

Insider Activity

In other OSI Systems news, insider Manoocher M. Aliabadi sold 2,509 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $180.02, for a total transaction of $451,670.18. Following the completion of the transaction, the insider now owns 78,094 shares of the company’s stock, valued at approximately $14,058,481.88. This trade represents a 3.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gerald M. Chizever sold 2,701 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $195.83, for a total value of $528,936.83. Following the completion of the sale, the director now directly owns 5,000 shares in the company, valued at approximately $979,150. This represents a 35.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 46,292 shares of company stock worth $8,086,682 in the last quarter. 5.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on OSIS shares. Oppenheimer boosted their target price on OSI Systems from $205.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday. StockNews.com upgraded OSI Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, December 10th. B. Riley increased their price objective on OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a research note on Friday. Roth Mkm upped their price target on shares of OSI Systems from $178.00 to $224.00 and gave the company a “buy” rating in a report on Friday. Finally, Wells Fargo & Company raised their price target on shares of OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $209.40.

OSI Systems 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.