Van ECK Associates Corp Purchases 25,636 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Van ECK Associates Corp raised its position in OSI Systems, Inc. (NASDAQ:OSIS) by 271.1% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 35,092 shares of the technology company’s stock after acquiring an additional 25,636 shares during the period. Van ECK Associates Corp owned about 0.21% of OSI Systems worth $5,012,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. West Paces Advisors Inc. bought a new stake in OSI Systems in the 1st quarter valued at approximately $28,000. Global Retirement Partners LLC lifted its stake in OSI Systems by 1,021.1% in the 1st quarter. Global Retirement Partners LLC now owns 213 shares of the technology company’s stock valued at $30,000 after acquiring an additional 194 shares in the last quarter. Quest Partners LLC bought a new stake in OSI Systems in the 4th quarter valued at approximately $53,000. International Assets Investment Management LLC increased its position in shares of OSI Systems by 3,585.7% during the 4th 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 last quarter. Finally, Natixis Investment Managers International increased its position in shares of OSI Systems by 27.9% during the 4th quarter. Natixis Investment Managers International now owns 999 shares of the technology company’s stock worth $129,000 after purchasing an additional 218 shares during the last quarter. Institutional investors own 89.21% of the company’s stock.

OSI Systems Stock Performance

Shares of OSIS stock traded down $0.49 during trading on Friday, reaching $136.70. 22,520 shares of the company’s stock were exchanged, compared to its average volume of 95,812. 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 $2.33 billion, a PE ratio of 18.87, a PEG ratio of 1.44 and a beta of 1.09. OSI Systems, Inc. has a twelve month low of $103.04 and a twelve month high of $145.24. The firm’s fifty day moving average price is $137.56 and its 200-day moving average price is $134.31.

OSI Systems (NASDAQ:OSIS) last posted its earnings results on Thursday, April 25th. The technology company reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.11 by $0.05. The business 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%. The firm’s revenue was up 33.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.49 EPS. As a group, sell-side analysts anticipate that OSI Systems, Inc. will post 8.09 EPS for the current year.

Insider Buying and Selling at OSI Systems

In other news, CEO Deepak Chopra sold 40,000 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $139.75, for a total transaction of $5,590,000.00. Following the completion of the sale, the chief executive officer now directly owns 428,615 shares in the company, valued at approximately $59,898,946.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Deepak Chopra sold 40,000 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $139.75, for a total transaction of $5,590,000.00. Following the completion of the sale, the chief executive officer now directly owns 428,615 shares in the company, valued at approximately $59,898,946.25. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Alan I. Edrick sold 30,386 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $143.75, for a total value of $4,367,987.50. Following the sale, the chief financial officer now owns 310,529 shares of the company’s stock, valued at $44,638,543.75. The disclosure for this sale can be found here. Insiders have sold a total of 99,281 shares of company stock valued at $14,011,624 in the last ninety days. 5.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Oppenheimer boosted their price target on OSI Systems from $157.00 to $160.00 and gave the stock an “outperform” rating in a research report on Monday, April 29th. StockNews.com lowered OSI Systems from a “buy” rating to a “hold” rating in a research report on Saturday, April 27th. Finally, Roth Mkm boosted their price target on OSI Systems from $169.00 to $172.00 and gave the stock a “buy” rating in a research report on Friday, April 26th.

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.