Truvestments Capital LLC Grows Holdings in OSI Systems, Inc. (NASDAQ:OSIS)

Truvestments Capital LLC raised its stake in OSI Systems, Inc. (NASDAQ:OSIS) by 11.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,159 shares of the technology company’s stock after buying an additional 216 shares during the period. Truvestments Capital LLC’s holdings in OSI Systems were worth $328,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in OSIS. Dynamic Technology Lab Private Ltd purchased a new stake in OSI Systems during the third quarter valued at about $354,000. Citigroup Inc. boosted its holdings in shares of OSI Systems by 64.9% in the 3rd quarter. Citigroup Inc. now owns 27,320 shares of the technology company’s stock worth $4,148,000 after purchasing an additional 10,753 shares in the last quarter. Primecap Management Co. CA increased its position in shares of OSI Systems by 4.9% during the 3rd quarter. Primecap Management Co. CA now owns 294,500 shares of the technology company’s stock valued at $44,714,000 after purchasing an additional 13,880 shares during the last quarter. Intech Investment Management LLC raised its holdings in shares of OSI Systems by 31.6% during the 3rd quarter. Intech Investment Management LLC now owns 5,411 shares of the technology company’s stock valued at $822,000 after buying an additional 1,300 shares in the last quarter. Finally, Quest Partners LLC lifted its position in OSI Systems by 6,419.0% in the 3rd quarter. Quest Partners LLC now owns 18,905 shares of the technology company’s stock worth $2,870,000 after buying an additional 18,615 shares during the last quarter. 89.21% of the stock is owned by institutional investors.

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 on Friday, September 13th. The shares were sold at an average price of $145.04, for a total value of $160,559.28. Following the completion of the transaction, the insider now directly owns 10,077 shares in the company, valued at approximately $1,461,568.08. This represents a 9.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $144.92, for a total transaction of $2,898,400.00. Following the sale, the chief executive officer now directly owns 459,033 shares in the company, valued at $66,523,062.36. The trade was a 4.18 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,107 shares of company stock worth $6,071,809. 5.20% of the stock is currently owned by insiders.

OSI Systems Trading Up 2.5 %

Shares of OSIS opened at $168.99 on Tuesday. The firm has a fifty day simple moving average of $146.62 and a two-hundred day simple moving average of $143.28. OSI Systems, Inc. has a twelve month low of $119.57 and a twelve month high of $170.49. The stock has a market capitalization of $2.82 billion, a P/E ratio of 22.06, a PEG ratio of 1.42 and a beta of 1.10. The company has a quick ratio of 1.20, a current ratio of 1.84 and a debt-to-equity ratio of 0.60.

OSI Systems (NASDAQ:OSIS) last posted its earnings results on Thursday, October 24th. The technology company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $318.66 million. During the same period in the prior year, the business posted $0.91 earnings per share. OSI Systems’s revenue for the quarter was up 23.2% on a year-over-year basis. On average, research analysts anticipate that OSI Systems, Inc. will post 9.12 EPS for the current year.

Analyst Ratings Changes

OSIS has been the topic of a number of recent research reports. StockNews.com cut shares of OSI Systems from a “hold” rating to a “sell” rating in a research report on Friday. Wells Fargo & Company increased their target price 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. B. Riley boosted their price target on shares of OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Bank of America initiated coverage on shares of OSI Systems in a research report on Monday, September 30th. They set a “buy” rating and a $175.00 price target for the company. Finally, Roth Mkm lifted their price objective on OSI Systems from $172.00 to $178.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. One analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $173.00.

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.