110,080 Shares in OSI Systems, Inc. (NASDAQ:OSIS) Acquired by World Investment Advisors LLC

World Investment Advisors LLC purchased a new stake in shares of OSI Systems, Inc. (NASDAQ:OSIS) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 110,080 shares of the technology company’s stock, valued at approximately $16,713,000. World Investment Advisors LLC owned approximately 0.66% of OSI Systems as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Quest Partners LLC purchased a new position in shares of OSI Systems in the 2nd quarter valued at $40,000. Innealta Capital LLC acquired a new stake in OSI Systems in the 2nd quarter valued at $82,000. International Assets Investment Management LLC raised its position in OSI Systems by 15,075.0% in the third quarter. International Assets Investment Management LLC now owns 607 shares of the technology company’s stock valued at $92,000 after purchasing an additional 603 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in shares of OSI Systems during the second quarter worth about $160,000. Finally, nVerses Capital LLC purchased a new stake in shares of OSI Systems in the third quarter worth about $182,000. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other OSI Systems news, insider Paul Keith Morben sold 1,107 shares of OSI Systems stock in a transaction that occurred on Friday, September 13th. The stock was 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 $1,461,568.08. The trade was a 9.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Manoocher M. Aliabadi sold 1,728 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $180.39, for a total value of $311,713.92. Following the transaction, the insider now directly owns 80,603 shares of the company’s stock, valued at $14,539,975.17. This trade represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 39,835 shares of company stock valued at $5,968,293 over the last 90 days. 5.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wells Fargo & Company raised their target price on OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a report on Wednesday. Roth Mkm lifted their price objective on shares of 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 started coverage on shares of OSI Systems in a research note on Monday, September 30th. They issued a “buy” rating and a $175.00 target price for the company. B. Riley lifted 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. Finally, StockNews.com upgraded shares of OSI Systems from a “sell” rating to a “hold” rating in a report on Tuesday. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $179.00.

OSI Systems Stock Performance

Shares of OSIS stock opened at $186.99 on Thursday. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 24.41, a PEG ratio of 1.55 and a beta of 1.18. OSI Systems, Inc. has a one year low of $120.42 and a one year high of $188.44. The company’s 50-day simple moving average is $154.53 and its 200-day simple moving average is $146.60. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.20 and a current ratio of 1.84.

OSI Systems (NASDAQ:OSIS) last released its earnings results on Thursday, October 24th. The technology company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.19. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. The company had revenue of $344.01 million for the quarter, compared to the consensus estimate of $318.66 million. During the same quarter last year, the business posted $0.91 EPS. OSI Systems’s quarterly revenue was up 23.2% compared to the same quarter last year. Equities analysts anticipate that OSI Systems, Inc. will post 9.13 earnings per share for the current fiscal year.

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.