Truvestments Capital LLC Increases Stock Position in OSI Systems, Inc. (NASDAQ:OSIS)

Truvestments Capital LLC lifted its holdings in OSI Systems, Inc. (NASDAQ:OSIS) by 11.1% during the third quarter, Holdings Channel reports. The institutional investor owned 2,159 shares of the technology company’s stock after acquiring an additional 216 shares during the quarter. Truvestments Capital LLC’s holdings in OSI Systems were worth $328,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Hood River Capital Management LLC boosted its stake in OSI Systems by 10.6% during the second quarter. Hood River Capital Management LLC now owns 316,788 shares of the technology company’s stock worth $43,565,000 after acquiring an additional 30,464 shares in the last quarter. Primecap Management Co. CA boosted its position in shares of OSI Systems by 4.9% in the 3rd quarter. Primecap Management Co. CA now owns 294,500 shares of the technology company’s stock worth $44,714,000 after purchasing an additional 13,880 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of OSI Systems by 1.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 127,544 shares of the technology company’s stock worth $17,540,000 after buying an additional 1,747 shares during the last quarter. Victory Capital Management Inc. increased its position in OSI Systems by 25.8% during the 3rd quarter. Victory Capital Management Inc. now owns 123,213 shares of the technology company’s stock valued at $18,707,000 after buying an additional 25,262 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in OSI Systems by 24.4% during the third quarter. Van ECK Associates Corp now owns 81,346 shares of the technology company’s stock valued at $11,563,000 after buying an additional 15,945 shares during the last quarter. 89.21% of the stock is currently owned by institutional investors.

OSI Systems Price Performance

OSIS opened at $168.99 on Tuesday. The company’s 50-day simple moving average is $146.62 and its two-hundred day simple moving average is $143.28. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.20 and a current ratio of 1.84. The stock has a market capitalization of $2.82 billion, a P/E ratio of 22.06, a P/E/G ratio of 1.42 and a beta of 1.10. OSI Systems, Inc. has a 52-week low of $119.57 and a 52-week high of $170.49.

OSI Systems (NASDAQ:OSIS) last issued its earnings results on Thursday, October 24th. The technology company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.19. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. The company had revenue of $344.01 million for the quarter, compared to analysts’ expectations of $318.66 million. During the same quarter last year, the company posted $0.91 earnings per share. The firm’s quarterly revenue was up 23.2% on a year-over-year basis. As a group, analysts predict that OSI Systems, Inc. will post 9.12 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on OSIS shares. Bank of America began coverage on OSI Systems in a research note on Monday, September 30th. They issued a “buy” rating and a $175.00 target price on the stock. B. Riley increased their price objective on shares of OSI Systems from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Roth Mkm lifted their target price 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. Wells Fargo & Company increased their price target on shares of OSI Systems from $170.00 to $172.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Finally, StockNews.com downgraded shares of OSI Systems from a “hold” rating to a “sell” rating in a research report on Friday. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $173.00.

Insider Transactions at OSI Systems

In other OSI Systems news, insider Paul Keith Morben sold 1,107 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $145.04, for a total transaction of $160,559.28. Following the completion of the sale, the insider now directly owns 10,077 shares of the company’s stock, valued at approximately $1,461,568.08. This represents a 9.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Deepak Chopra sold 15,000 shares of OSI Systems stock in a transaction on Monday, November 11th. The stock was sold at an average price of $153.42, for a total transaction of $2,301,300.00. Following the transaction, the chief executive officer now owns 424,323 shares in the company, valued at $65,099,634.66. This represents a 3.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,107 shares of company stock worth $6,071,809 in the last ninety days. Insiders own 5.20% of the company’s stock.

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.