Legato Capital Management LLC Increases Stock Holdings in OSI Systems, Inc. (NASDAQ:OSIS)

Legato Capital Management LLC boosted its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 3.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 14,616 shares of the technology company’s stock after buying an additional 435 shares during the period. Legato Capital Management LLC’s holdings in OSI Systems were worth $2,447,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. State Street Corp increased its position in OSI Systems by 0.9% during the third quarter. State Street Corp now owns 727,690 shares of the technology company’s stock valued at $110,485,000 after acquiring an additional 6,514 shares during the last quarter. Park Avenue Securities LLC grew its holdings in OSI Systems by 36.0% during the 4th quarter. Park Avenue Securities LLC now owns 6,275 shares of the technology company’s stock valued at $1,051,000 after purchasing an additional 1,660 shares during the last quarter. Victory Capital Management Inc. lifted its stake in OSI Systems by 25.8% in the third quarter. Victory Capital Management Inc. now owns 123,213 shares of the technology company’s stock worth $18,707,000 after purchasing an additional 25,262 shares during the last quarter. HighTower Advisors LLC bought a new stake in OSI Systems in the third quarter worth about $443,000. Finally, Citigroup Inc. lifted its stake in OSI Systems by 64.9% in the third 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 during the last quarter. 89.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other OSI Systems news, CEO Deepak Chopra sold 20,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.66, for a total value of $3,753,200.00. Following the completion of the transaction, the chief executive officer now directly owns 404,323 shares in the company, valued at approximately $75,875,254.18. The trade was a 4.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Paul Keith Morben sold 155 shares of the firm’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $199.36, for a total transaction of $30,900.80. Following the completion of the sale, the insider now owns 10,077 shares in the company, valued at $2,008,950.72. This represents a 1.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,447 shares of company stock valued at $5,519,962 over the last 90 days. Corporate insiders own 5.20% of the company’s stock.

OSI Systems Price Performance

OSIS opened at $208.15 on Wednesday. OSI Systems, Inc. has a 12-month low of $126.57 and a 12-month high of $212.00. The business’s fifty day simple moving average is $179.10 and its 200-day simple moving average is $158.27. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of 26.79, a PEG ratio of 1.74 and a beta of 1.19. The company has a current ratio of 1.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.56.

OSI Systems (NASDAQ:OSIS) last posted its earnings results on Thursday, January 23rd. The technology company reported $2.42 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.08. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. On average, equities research analysts anticipate that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on OSIS shares. B. Riley increased their price target on OSI Systems from $180.00 to $221.00 and gave the stock a “buy” rating in a report on Friday, January 24th. StockNews.com upgraded OSI Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, December 10th. Oppenheimer boosted their target price on shares of OSI Systems from $205.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Wells Fargo & Company lifted their price objective on shares of OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Finally, Roth Mkm boosted their price objective on shares of OSI Systems from $178.00 to $224.00 and gave the company a “buy” rating in a research report on Friday, January 24th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, OSI Systems has a consensus rating of “Moderate Buy” and an average target price of $209.40.

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.