OSI Systems, Inc. (NASDAQ:OSIS) Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp increased its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 79.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,456 shares of the technology company’s stock after acquiring an additional 4,190 shares during the period. Van ECK Associates Corp owned about 0.06% of OSI Systems worth $1,220,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in OSIS. Parkside Financial Bank & Trust grew its position in shares of OSI Systems by 27.1% during the 3rd quarter. Parkside Financial Bank & Trust now owns 422 shares of the technology company’s stock valued at $50,000 after acquiring an additional 90 shares during the period. International Assets Investment Management LLC raised its stake in OSI Systems by 3,585.7% during the fourth quarter. International Assets Investment Management LLC now owns 516 shares of the technology company’s stock worth $67,000 after purchasing an additional 502 shares during the period. SG Americas Securities LLC acquired a new position in OSI Systems in the third quarter valued at approximately $118,000. Lido Advisors LLC acquired a new stake in OSI Systems during the third quarter worth $216,000. Finally, MQS Management LLC purchased a new stake in OSI Systems in the third quarter valued at $234,000. 89.21% of the stock is owned by hedge funds and other institutional investors.

OSI Systems Trading Up 0.9 %

NASDAQ OSIS opened at $135.52 on Friday. OSI Systems, Inc. has a 52 week low of $103.04 and a 52 week high of $144.11. The firm has a 50 day moving average of $136.10 and a two-hundred day moving average of $128.36. The company has a quick ratio of 0.89, a current ratio of 1.47 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $2.31 billion, a PE ratio of 18.64, a price-to-earnings-growth ratio of 1.52 and a beta of 0.99.

OSI Systems (NASDAQ:OSIS) last posted its earnings results on Thursday, April 25th. The technology company reported $2.16 EPS for the quarter, beating the consensus estimate of $2.11 by $0.05. The firm had revenue of $405.41 million for the quarter, compared to analyst estimates of $401.99 million. OSI Systems had a return on equity of 18.10% and a net margin of 8.56%. OSI Systems’s revenue for the quarter was up 33.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.49 earnings per share. As a group, research analysts expect that OSI Systems, Inc. will post 8.09 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Roth Mkm raised their price objective on OSI Systems from $169.00 to $172.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Oppenheimer lifted their price target on shares of OSI Systems from $157.00 to $160.00 and gave the company an “outperform” rating in a research report on Monday, April 29th. Finally, StockNews.com lowered shares of OSI Systems from a “buy” rating to a “hold” rating in a report on Saturday, April 27th.

Insider Transactions at OSI Systems

In related news, General Counsel Victor S. Sze sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $130.21, for a total value of $1,953,150.00. Following the completion of the transaction, the general counsel now directly owns 63,116 shares of the company’s stock, valued at $8,218,334.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Paul Keith Morben sold 310 shares of the company’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $133.02, for a total value of $41,236.20. Following the completion of the sale, the insider now owns 8,834 shares in the company, valued at approximately $1,175,098.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Victor S. Sze sold 15,000 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $130.21, for a total transaction of $1,953,150.00. Following the sale, the general counsel now owns 63,116 shares of the company’s stock, valued at approximately $8,218,334.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,740 shares of company stock valued at $2,992,425. Corporate insiders own 5.60% of the company’s stock.

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.