GHP Investment Advisors Inc. Buys New Stake in OSI Systems, Inc. (NASDAQ:OSIS)

GHP Investment Advisors Inc. bought a new position in OSI Systems, Inc. (NASDAQ:OSIS) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 15,699 shares of the technology company’s stock, valued at approximately $2,159,000. GHP Investment Advisors Inc. owned 0.09% of OSI Systems at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. West Paces Advisors Inc. acquired a new position in shares of OSI Systems during the 1st quarter worth about $28,000. Global Retirement Partners LLC increased its position in OSI Systems by 1,021.1% in the 1st quarter. Global Retirement Partners LLC now owns 213 shares of the technology company’s stock worth $30,000 after buying an additional 194 shares during the period. Quest Partners LLC acquired a new position in shares of OSI Systems during the second quarter worth approximately $40,000. Cape Investment Advisory Inc. bought a new stake in shares of OSI Systems in the first quarter valued at approximately $63,000. Finally, Covestor Ltd grew its stake in shares of OSI Systems by 48,000.0% in the first quarter. Covestor Ltd now owns 481 shares of the technology company’s stock worth $69,000 after acquiring an additional 480 shares during the last quarter. 89.21% of the stock is currently owned by institutional investors.

OSI Systems Stock Performance

OSIS opened at $145.39 on Friday. The stock’s 50 day simple moving average is $143.93 and its 200-day simple moving average is $139.37. The company has a current ratio of 1.49, a quick ratio of 1.00 and a debt-to-equity ratio of 0.15. The stock has a market cap of $2.41 billion, a PE ratio of 20.00, a P/E/G ratio of 1.43 and a beta of 1.08. OSI Systems, Inc. has a 1 year low of $103.04 and a 1 year high of $158.69.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings results on Thursday, August 22nd. The technology company reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.79 by $0.05. OSI Systems had a net margin of 8.33% and a return on equity of 17.80%. The firm had revenue of $480.91 million for the quarter, compared to analyst estimates of $467.24 million. During the same quarter in the previous year, the firm posted $2.66 EPS. The business’s revenue for the quarter was up 16.8% on a year-over-year basis. Sell-side analysts forecast that OSI Systems, Inc. will post 8.93 EPS for the current year.

Wall Street Analysts Forecast Growth

OSIS has been the subject of several research analyst reports. B. Riley upped their target price on shares of OSI Systems from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Roth Mkm boosted their price objective on shares of OSI Systems from $172.00 to $178.00 and gave the stock a “buy” rating in a report on Friday, August 23rd.

Insider Buying and Selling

In related news, insider Paul Keith Morben sold 1,107 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $145.04, for a total transaction of $160,559.28. Following the completion of the transaction, the insider now owns 10,077 shares in the company, valued at approximately $1,461,568.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Paul Keith Morben sold 1,107 shares of OSI Systems stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $145.04, for a total transaction of $160,559.28. Following the completion of the transaction, the insider now directly owns 10,077 shares of the company’s stock, valued at approximately $1,461,568.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gerald M. Chizever sold 3,000 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $138.41, for a total transaction of $415,230.00. Following the sale, the director now directly owns 3,462 shares in the company, valued at $479,175.42. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.

OSI Systems Company 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.