Crown Advisors Management Inc. Invests $1.77 Million in OSI Systems, Inc. (NASDAQ:OSIS)

Crown Advisors Management Inc. purchased a new position in shares of OSI Systems, Inc. (NASDAQ:OSISFree Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 15,000 shares of the technology company’s stock, valued at approximately $1,770,000. Crown Advisors Management Inc. owned about 0.09% of OSI Systems as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Financial Gravity Asset Management Inc. purchased a new position in OSI Systems during the 2nd quarter worth approximately $638,000. West Tower Group LLC purchased a new stake in OSI Systems in the second quarter valued at $33,000. Quantbot Technologies LP purchased a new position in shares of OSI Systems during the 2nd quarter valued at about $25,000. Farther Finance Advisors LLC lifted its holdings in shares of OSI Systems by 1,272.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 343 shares of the technology company’s stock valued at $40,000 after buying an additional 318 shares during the period. Finally, EverSource Wealth Advisors LLC acquired a new stake in OSI Systems during the second quarter worth about $44,000. Institutional investors and hedge funds own 89.21% of the company’s stock.

OSI Systems Price Performance

Shares of OSIS stock traded up $2.78 on Thursday, reaching $133.90. 63,445 shares of the company were exchanged, compared to its average volume of 107,058. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.80 and a current ratio of 1.43. The business has a 50-day moving average price of $127.22 and a 200 day moving average price of $121.67. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 19.84, a P/E/G ratio of 1.47 and a beta of 0.97. OSI Systems, Inc. has a 1 year low of $89.72 and a 1 year high of $139.90.

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

Insider Activity

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 stock was 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, General Counsel Victor S. Sze sold 15,000 shares of the firm’s stock in a transaction dated 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 sale, the general counsel now directly owns 78,116 shares of the company’s stock, valued at approximately $10,250,381.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Deepak Chopra sold 20,000 shares of the stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $129.11, for a total transaction of $2,582,200.00. Following the transaction, the chief executive officer now directly owns 468,615 shares of the company’s stock, valued at approximately $60,502,882.65. The disclosure for this sale can be found here. Corporate insiders own 5.60% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Roth Mkm lifted their price objective on shares of OSI Systems from $165.00 to $169.00 and gave the company a “buy” rating in a report on Friday, January 26th.

Read Our Latest Report on OSIS

About OSI Systems

(Free Report)

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.

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Institutional Ownership by Quarter for OSI Systems (NASDAQ:OSIS)

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