Ashton Thomas Private Wealth LLC Invests $232,000 in OSI Systems, Inc. (NASDAQ:OSIS)

Ashton Thomas Private Wealth LLC purchased a new position in shares of OSI Systems, Inc. (NASDAQ:OSIS) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,386 shares of the technology company’s stock, valued at approximately $232,000.

Other large investors have also made changes to their positions in the company. Richardson Financial Services Inc. increased its position in shares of OSI Systems by 65.6% during the fourth quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock worth $26,000 after purchasing an additional 61 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of OSI Systems by 243.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company’s stock worth $46,000 after purchasing an additional 195 shares in the last quarter. KBC Group NV grew its holdings in shares of OSI Systems by 37.1% during the fourth quarter. KBC Group NV now owns 699 shares of the technology company’s stock valued at $117,000 after buying an additional 189 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of OSI Systems by 36.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 768 shares of the technology company’s stock valued at $129,000 after buying an additional 207 shares during the last quarter. Finally, Global Retirement Partners LLC grew its holdings in shares of OSI Systems by 80.1% during the fourth quarter. Global Retirement Partners LLC now owns 861 shares of the technology company’s stock valued at $144,000 after buying an additional 383 shares during the last quarter. 89.21% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at OSI Systems

In other news, insider Paul Keith Morben sold 155 shares of the 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 sale, the insider now directly owns 10,077 shares of the company’s stock, valued at $2,008,950.72. This represents a 1.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Alan I. Edrick sold 2,354 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $188.42, for a total transaction of $443,540.68. Following the sale, the chief financial officer now directly owns 312,444 shares in the company, valued at approximately $58,870,698.48. The trade was a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,719 shares of company stock valued at $5,208,248 in the last ninety days. 5.20% of the stock is currently owned by corporate insiders.

OSI Systems Price Performance

NASDAQ:OSIS opened at $180.49 on Wednesday. OSI Systems, Inc. has a one year low of $126.57 and a one year high of $220.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 1.88. The firm has a market cap of $3.03 billion, a price-to-earnings ratio of 23.23, a PEG ratio of 1.81 and a beta of 1.20. The firm’s fifty day moving average is $188.42 and its two-hundred day moving average is $166.77.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 EPS for the quarter, beating the consensus estimate of $2.34 by $0.08. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. Research analysts expect that OSI Systems, Inc. will post 9.22 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company boosted 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. JPMorgan Chase & Co. assumed coverage on shares of OSI Systems in a report on Friday, February 21st. They set a “neutral” rating and a $225.00 price objective on the stock. 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 report on Friday, January 24th. B. Riley boosted their price objective on shares of OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a report on Friday, January 24th. Finally, StockNews.com lowered shares of OSI Systems from a “hold” rating to a “sell” rating in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $212.00.

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.