State of Wyoming Grows Stake in OSI Systems, Inc. (NASDAQ:OSIS)

State of Wyoming grew its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,698 shares of the technology company’s stock after buying an additional 51 shares during the period. State of Wyoming’s holdings in OSI Systems were worth $452,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Richardson Financial Services Inc. lifted its stake in OSI Systems by 65.6% in the fourth quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock worth $26,000 after acquiring an additional 61 shares during the period. MetLife Investment Management LLC raised its holdings in OSI Systems by 0.7% in the 4th quarter. MetLife Investment Management LLC now owns 9,401 shares of the technology company’s stock worth $1,574,000 after purchasing an additional 61 shares in the last quarter. Summit Investment Advisors Inc. lifted its position in shares of OSI Systems by 4.7% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,660 shares of the technology company’s stock worth $278,000 after purchasing an additional 74 shares during the period. Truvestments Capital LLC boosted its stake in shares of OSI Systems by 4.9% during the 4th quarter. Truvestments Capital LLC now owns 2,264 shares of the technology company’s stock valued at $379,000 after purchasing an additional 105 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its stake in shares of OSI Systems by 2.8% during the 4th quarter. Hsbc Holdings PLC now owns 4,176 shares of the technology company’s stock valued at $701,000 after purchasing an additional 112 shares in the last quarter. 89.21% of the stock is owned by hedge funds and other institutional investors.

OSI Systems Stock Performance

OSI Systems stock opened at $229.65 on Tuesday. OSI Systems, Inc. has a twelve month low of $129.18 and a twelve month high of $233.80. The company has a quick ratio of 1.25, a current ratio of 1.88 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $3.86 billion, a P/E ratio of 29.56, a PEG ratio of 1.81 and a beta of 1.28. The stock’s 50 day moving average is $200.79 and its 200 day moving average is $186.81.

OSI Systems (NASDAQ:OSIS) last released its earnings results on Thursday, May 1st. The technology company reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.38 by $0.06. The firm had revenue of $444.35 million for the quarter, compared to analysts’ expectations of $436.49 million. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. The company’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.16 earnings per share. On average, equities research analysts predict that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. B. Riley reissued a “buy” rating and issued a $255.00 price target (up from $221.00) on shares of OSI Systems in a research note on Friday, May 2nd. Oppenheimer increased their target price on OSI Systems from $225.00 to $260.00 and gave the stock an “outperform” rating in a research report on Monday, May 5th. StockNews.com upgraded OSI Systems from a “sell” rating to a “hold” rating in a research report on Friday. Wells Fargo & Company reduced their price target on OSI Systems from $220.00 to $210.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Finally, Roth Mkm raised their price objective on OSI Systems from $224.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, OSI Systems currently has an average rating of “Moderate Buy” and an average target price of $228.33.

Insider Buying and Selling at OSI Systems

In other OSI Systems news, Chairman Deepak Chopra sold 20,000 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $221.79, for a total transaction of $4,435,800.00. Following the sale, the chairman now directly owns 339,478 shares in the company, valued at approximately $75,292,825.62. This trade represents a 5.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Glenn Grindstaff sold 688 shares of the business’s stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $224.89, for a total value of $154,724.32. Following the completion of the transaction, the insider now owns 8,354 shares of the company’s stock, valued at $1,878,731.06. This represents a 7.61% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,621 shares of company stock worth $9,375,570. 5.20% of the stock is owned by corporate insiders.

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.