Stanley Laman Group Ltd. Acquires 3,519 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Stanley Laman Group Ltd. boosted its stake in OSI Systems, Inc. (NASDAQ:OSIS) by 13.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,293 shares of the technology company’s stock after purchasing an additional 3,519 shares during the period. Stanley Laman Group Ltd. owned about 0.18% of OSI Systems worth $4,905,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Richardson Financial Services Inc. grew its position in shares of OSI Systems by 65.6% in the 4th quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock worth $26,000 after buying an additional 61 shares during the last quarter. Orion Portfolio Solutions LLC boosted 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 valued at $501,000 after purchasing an additional 106 shares in the last quarter. US Bancorp DE boosted its position in shares of OSI Systems by 4.8% during the third quarter. US Bancorp DE now owns 2,418 shares of the technology company’s stock valued at $367,000 after purchasing an additional 111 shares in the last quarter. KBC Group NV boosted its position in shares of OSI Systems by 37.1% during the fourth 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. Finally, Inspire Investing LLC boosted its position in shares of OSI Systems by 7.9% during the third 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 in the last quarter. 89.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. StockNews.com raised OSI Systems from a “sell” rating to a “hold” rating in a report on Tuesday, December 10th. Wells Fargo & Company upped their price objective on OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Roth Mkm upped their price target on OSI Systems from $178.00 to $224.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Oppenheimer upped their price objective on OSI Systems from $205.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Finally, B. Riley upped their price objective on OSI Systems from $180.00 to $221.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, OSI Systems currently has an average rating of “Moderate Buy” and a consensus target price of $209.40.

OSI Systems Stock Performance

Shares of OSIS opened at $208.91 on Thursday. The stock has a 50-day moving average of $179.67 and a two-hundred day moving average of $158.68. The stock has a market cap of $3.51 billion, a P/E ratio of 26.89, a P/E/G ratio of 1.74 and a beta of 1.19. OSI Systems, Inc. has a one year low of $126.57 and a one year high of $212.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 1.88.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.08. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. As a group, research analysts predict that OSI Systems, Inc. will post 9.22 EPS for the current year.

Insider Buying and Selling

In other OSI Systems news, CEO Deepak Chopra sold 20,000 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $187.66, for a total transaction of $3,753,200.00. Following the transaction, the chief executive officer now directly owns 404,323 shares in the company, valued at $75,875,254.18. This represents a 4.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Manoocher M. Aliabadi sold 1,728 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $180.39, for a total value of $311,713.92. Following the transaction, the insider now owns 80,603 shares in the company, valued at $14,539,975.17. This trade represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,447 shares of company stock worth $5,519,962. Insiders own 5.20% of the company’s stock.

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.