Livforsakringsbolaget Skandia Omsesidigt Purchases 1,400 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Livforsakringsbolaget Skandia Omsesidigt boosted its position in OSI Systems, Inc. (NASDAQ:OSIS) by 22.2% during the fourth quarter, HoldingsChannel reports. The fund owned 7,700 shares of the technology company’s stock after buying an additional 1,400 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in OSI Systems were worth $994,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in OSIS. Envestnet Asset Management Inc. raised its stake in OSI Systems by 7,525.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 449,281 shares of the technology company’s stock valued at $332,000 after acquiring an additional 443,389 shares during the period. Norges Bank bought a new stake in OSI Systems in the 4th quarter valued at about $14,044,000. Robeco Institutional Asset Management B.V. raised its stake in OSI Systems by 112.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 182,820 shares of the technology company’s stock valued at $21,580,000 after acquiring an additional 96,641 shares during the period. Vanguard Group Inc. raised its stake in OSI Systems by 3.9% in the 3rd quarter. Vanguard Group Inc. now owns 1,837,376 shares of the technology company’s stock valued at $132,401,000 after acquiring an additional 68,196 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in OSI Systems by 15.1% in the 1st quarter. JPMorgan Chase & Co. now owns 407,770 shares of the technology company’s stock valued at $41,739,000 after acquiring an additional 53,343 shares during the period. 89.21% of the stock is currently owned by institutional investors.

OSI Systems Trading Up 0.0 %

Shares of OSIS opened at $134.76 on Thursday. The business’s 50-day moving average price is $135.47 and its 200-day moving average price is $126.55. OSI Systems, Inc. has a twelve month low of $99.11 and a twelve month high of $144.11. The stock has a market cap of $2.30 billion, a PE ratio of 20.45, a P/E/G ratio of 1.55 and a beta of 0.98. The company has a quick ratio of 0.80, a current ratio of 1.43 and a debt-to-equity ratio of 0.17.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings results on Thursday, January 25th. The technology company reported $2.21 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.47. OSI Systems had a return on equity of 17.35% and a net margin of 8.31%. The firm had revenue of $373.20 million for the quarter, compared to analysts’ expectations of $364.29 million. During the same period in the prior year, the business posted $1.19 earnings per share. The company’s revenue was up 26.3% on a year-over-year basis. On average, equities analysts forecast that OSI Systems, Inc. will post 8.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

OSIS has been the topic of several analyst reports. StockNews.com upgraded OSI Systems from a “hold” rating to a “buy” rating in a research report on Thursday, April 4th. Roth Mkm upped their price target on OSI Systems from $165.00 to $169.00 and gave the company a “buy” rating in a research report on Friday, January 26th.

Insider Buying and Selling

In related news, General Counsel Victor S. Sze sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $131.22, for a total value of $1,968,300.00. Following the transaction, the general counsel now directly owns 78,116 shares in the company, valued at $10,250,381.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Deepak Chopra sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $129.11, for a total value of $2,582,200.00. Following the transaction, the chief executive officer now directly owns 468,615 shares in the company, valued at $60,502,882.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Victor S. Sze sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $131.22, for a total transaction of $1,968,300.00. Following the completion of the transaction, the general counsel now owns 78,116 shares in the company, valued at $10,250,381.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,000 shares of company stock worth $6,503,650. Insiders own 5.60% 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.