Van ECK Associates Corp Grows Position in OSI Systems, Inc. (NASDAQ:OSIS)

Van ECK Associates Corp lifted its stake in OSI Systems, Inc. (NASDAQ:OSIS) by 24.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 81,346 shares of the technology company’s stock after buying an additional 15,945 shares during the quarter. Van ECK Associates Corp owned about 0.49% of OSI Systems worth $11,563,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Tidal Investments LLC bought a new stake in OSI Systems during the 1st quarter valued at approximately $921,000. Renaissance Technologies LLC raised its position in shares of OSI Systems by 79.8% during the second quarter. Renaissance Technologies LLC now owns 25,683 shares of the technology company’s stock valued at $3,532,000 after buying an additional 11,400 shares during the last quarter. GHP Investment Advisors Inc. lifted its holdings in shares of OSI Systems by 71.2% in the third quarter. GHP Investment Advisors Inc. now owns 26,872 shares of the technology company’s stock worth $4,080,000 after buying an additional 11,173 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of OSI Systems by 713.1% during the second quarter. Victory Capital Management Inc. now owns 97,951 shares of the technology company’s stock worth $13,470,000 after acquiring an additional 85,904 shares during the last quarter. Finally, Truist Financial Corp purchased a new position in OSI Systems during the second quarter valued at $601,000. 89.21% of the stock is owned by hedge funds and other institutional investors.

OSI Systems Trading Up 2.9 %

Shares of NASDAQ OSIS opened at $136.45 on Wednesday. The stock has a market capitalization of $2.28 billion, a P/E ratio of 17.81, a PEG ratio of 1.23 and a beta of 1.10. OSI Systems, Inc. has a 1-year low of $107.78 and a 1-year high of $158.69. The business’s 50 day moving average is $143.30 and its two-hundred day moving average is $141.32. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.84 and a quick ratio of 1.20.

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

Analyst Ratings Changes

Several research analysts have commented on OSIS shares. Wells Fargo & Company increased their price objective 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. Roth Mkm increased their price target on OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Bank of America assumed coverage on OSI Systems in a research note on Monday, September 30th. They issued a “buy” rating and a $175.00 price objective on the stock. Finally, B. Riley upped their price objective on OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, OSI Systems currently has a consensus rating of “Moderate Buy” and an average price target of $173.00.

Insider Transactions at OSI Systems

In related news, CEO Deepak Chopra sold 20,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $144.92, for a total value of $2,898,400.00. Following the sale, the chief executive officer now directly owns 459,033 shares of the company’s stock, valued at $66,523,062.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other OSI Systems news, Director Gerald M. Chizever sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $138.41, for a total value of $415,230.00. Following the completion of the sale, the director now owns 3,462 shares of the company’s stock, valued at $479,175.42. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $144.92, for a total transaction of $2,898,400.00. Following the completion of the sale, the chief executive officer now directly owns 459,033 shares of the company’s stock, valued at approximately $66,523,062.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,107 shares of company stock worth $3,474,189. 5.20% of the stock is currently owned by insiders.

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.