Moody Aldrich Partners LLC Acquires 3,053 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Moody Aldrich Partners LLC increased its holdings in OSI Systems, Inc. (NASDAQ:OSIS) by 10.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,274 shares of the technology company’s stock after buying an additional 3,053 shares during the period. Moody Aldrich Partners LLC owned 0.20% of OSI Systems worth $5,052,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wakefield Asset Management LLLP bought a new position in OSI Systems in the 1st quarter worth approximately $959,000. Allspring Global Investments Holdings LLC boosted its holdings in OSI Systems by 1,193.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 29,052 shares of the technology company’s stock valued at $4,149,000 after purchasing an additional 26,806 shares during the period. Van ECK Associates Corp boosted its holdings in OSI Systems by 271.1% in the 1st quarter. Van ECK Associates Corp now owns 35,092 shares of the technology company’s stock valued at $5,012,000 after purchasing an additional 25,636 shares during the period. Tidal Investments LLC bought a new position in OSI Systems in the 1st quarter valued at $921,000. Finally, Renaissance Technologies LLC boosted its holdings in OSI Systems by 79.8% in the 2nd quarter. Renaissance Technologies LLC now owns 25,683 shares of the technology company’s stock valued at $3,532,000 after purchasing an additional 11,400 shares during the period. 89.21% of the stock is owned by institutional investors.

OSI Systems Stock Up 2.0 %

Shares of OSIS traded up $2.80 on Thursday, reaching $144.95. The stock had a trading volume of 149,087 shares, compared to its average volume of 116,407. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 1.37 and a beta of 1.08. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.00 and a current ratio of 1.49. The company has a 50-day simple moving average of $145.54 and a 200-day simple moving average of $141.52. OSI Systems, Inc. has a 12-month low of $103.04 and a 12-month high of $158.69.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings data on Thursday, August 22nd. The technology company reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $2.79 by $0.05. OSI Systems had a return on equity of 17.80% and a net margin of 8.33%. The company had revenue of $480.91 million during the quarter, compared to analyst estimates of $467.24 million. During the same quarter last year, the company earned $2.66 EPS. The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. Sell-side analysts predict that OSI Systems, Inc. will post 8.98 EPS for the current year.

Insiders Place Their Bets

In other OSI Systems news, CEO Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction on Monday, September 16th. The stock was sold at an average price of $144.92, for a total value of $2,898,400.00. Following the completion of the sale, the chief executive officer now owns 459,033 shares of the company’s stock, valued at approximately $66,523,062.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other OSI Systems news, insider Paul Keith Morben sold 1,107 shares of OSI Systems stock in a transaction on Friday, September 13th. The stock was sold at an average price of $145.04, for a total value of $160,559.28. Following the completion of the sale, the insider now owns 10,077 shares of the company’s stock, valued at approximately $1,461,568.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction on Monday, September 16th. The stock was sold at an average price of $144.92, for a total value of $2,898,400.00. Following the completion of the sale, the chief executive officer now directly owns 459,033 shares of the company’s stock, valued at $66,523,062.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,107 shares of company stock valued at $3,474,189. Corporate insiders own 5.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on OSIS. Bank of America began coverage on shares of OSI Systems in a report on Monday, September 30th. They issued a “buy” rating and a $175.00 price target for the company. B. Riley lifted their price objective on shares of OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Roth Mkm lifted their price objective on shares of OSI Systems from $172.00 to $178.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Finally, Wells Fargo & Company began coverage on shares of OSI Systems in a report on Wednesday, September 18th. They set an “overweight” rating and a $170.00 price objective for the company. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, OSI Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $172.60.

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.