MetLife Investment Advisors LLC Takes $547,000 Position in OSI Systems, Inc. (OSIS)

MetLife Investment Advisors LLC purchased a new position in shares of OSI Systems, Inc. (NASDAQ:OSIS) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 8,490 shares of the technology company’s stock, valued at approximately $547,000.

A number of other large investors also recently bought and sold shares of OSIS. Russell Investments Group Ltd. raised its stake in OSI Systems by 88.3% during the third quarter. Russell Investments Group Ltd. now owns 14,505 shares of the technology company’s stock worth $1,325,000 after purchasing an additional 6,800 shares during the period. JPMorgan Chase & Co. raised its stake in OSI Systems by 20.4% during the third quarter. JPMorgan Chase & Co. now owns 24,868 shares of the technology company’s stock worth $2,256,000 after purchasing an additional 4,206 shares during the period. Schwab Charles Investment Management Inc. raised its stake in OSI Systems by 6.8% during the third quarter. Schwab Charles Investment Management Inc. now owns 112,297 shares of the technology company’s stock worth $10,261,000 after purchasing an additional 7,168 shares during the period. Envestnet Asset Management Inc. raised its stake in OSI Systems by 24.6% during the third quarter. Envestnet Asset Management Inc. now owns 5,272 shares of the technology company’s stock worth $480,000 after purchasing an additional 1,040 shares during the period. Finally, Asset Management One Co. Ltd. raised its stake in OSI Systems by 29.4% during the third quarter. Asset Management One Co. Ltd. now owns 3,210 shares of the technology company’s stock worth $293,000 after purchasing an additional 730 shares during the period.

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In other OSI Systems news, Director Meyer/ Luskin bought 20,000 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were acquired at an average price of $56.79 per share, with a total value of $1,135,800.00. Following the purchase, the director now owns 10,376 shares in the company, valued at approximately $589,253.04. The purchase was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 7.60% of the company’s stock.

A number of equities analysts have recently commented on OSIS shares. Sidoti started coverage on shares of OSI Systems in a research note on Wednesday, February 21st. They issued a “buy” rating on the stock. BidaskClub downgraded shares of OSI Systems from a “sell” rating to a “strong sell” rating in a research note on Friday, December 29th. Zacks Investment Research raised shares of OSI Systems from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Thursday, March 22nd. Jefferies Group downgraded shares of OSI Systems from a “buy” rating to a “hold” rating and cut their target price for the company from $79.00 to $70.00 in a research note on Friday, February 2nd. They noted that the move was a valuation call. Finally, TheStreet downgraded shares of OSI Systems from a “b-” rating to a “c+” rating in a research note on Monday, January 22nd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $84.80.

Shares of OSIS stock opened at $67.82 on Friday. OSI Systems, Inc. has a 52 week low of $50.50 and a 52 week high of $96.64. The company has a current ratio of 1.55, a quick ratio of 0.96 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $1,308.73, a PE ratio of 22.68, a price-to-earnings-growth ratio of 1.46 and a beta of 0.81.

OSI Systems (NASDAQ:OSIS) last issued its earnings results on Thursday, February 1st. The technology company reported $0.97 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.08. OSI Systems had a negative net margin of 2.06% and a positive return on equity of 12.78%. The business had revenue of $277.53 million for the quarter, compared to the consensus estimate of $263.77 million. During the same quarter last year, the firm posted $0.68 EPS. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. equities analysts expect that OSI Systems, Inc. will post 3.5 earnings per share for the current year.

OSI Systems announced that its board has initiated a stock buyback program on Tuesday, March 6th that permits the company to buyback 1,000,000 outstanding shares. This buyback authorization permits the technology company to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

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About OSI Systems

OSI Systems, Inc designs, manufactures, and sells electronic systems and components worldwide. The company's Security segment provides baggage and parcel inspection, cargo and vehicle inspection, hold baggage and people screening, radiation detection, and explosive and narcotics trace detection systems under the Rapiscan Systems and AS&E names.

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

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