OSI Systems, Inc. (NASDAQ:OSIS) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 26.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,747 shares of the technology company’s stock after selling 8,621 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.14% of OSI Systems worth $2,798,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Robeco Institutional Asset Management B.V. purchased a new position in shares of OSI Systems during the 2nd quarter valued at approximately $10,154,000. Altshuler Shaham Ltd purchased a new position in shares of OSI Systems during the 2nd quarter valued at approximately $26,000. Louisiana State Employees Retirement System increased its holdings in shares of OSI Systems by 12.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 8,200 shares of the technology company’s stock valued at $966,000 after purchasing an additional 900 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of OSI Systems by 0.4% during the 2nd quarter. Nordea Investment Management AB now owns 65,347 shares of the technology company’s stock valued at $7,809,000 after purchasing an additional 277 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its holdings in shares of OSI Systems by 22.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 3,714 shares of the technology company’s stock valued at $380,000 after purchasing an additional 692 shares in the last quarter. 89.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Deepak Chopra sold 19,129 shares of the business’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $135.49, for a total transaction of $2,591,788.21. Following the transaction, the chief executive officer now owns 477,259 shares of the company’s stock, valued at approximately $64,663,821.91. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other OSI Systems news, insider Glenn Grindstaff sold 1,373 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $120.61, for a total value of $165,597.53. Following the transaction, the insider now owns 6,487 shares of the company’s stock, valued at $782,397.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Deepak Chopra sold 19,129 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $135.49, for a total transaction of $2,591,788.21. Following the completion of the transaction, the chief executive officer now directly owns 477,259 shares in the company, valued at approximately $64,663,821.91. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,733 shares of company stock valued at $5,015,805. 6.20% of the stock is currently owned by insiders.

OSI Systems Trading Up 1.9 %

Shares of OSIS opened at $108.46 on Monday. OSI Systems, Inc. has a 52-week low of $77.77 and a 52-week high of $139.90. The company has a quick ratio of 0.74, a current ratio of 1.43 and a debt-to-equity ratio of 0.19. The firm’s fifty day moving average is $118.96 and its two-hundred day moving average is $118.63. The stock has a market cap of $1.84 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 1.23 and a beta of 0.93.

OSI Systems (NASDAQ:OSIS) last announced its earnings results on Thursday, October 26th. The technology company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.06. OSI Systems had a net margin of 7.24% and a return on equity of 15.53%. The company had revenue of $279.20 million for the quarter, compared to analysts’ expectations of $280.96 million. During the same quarter in the previous year, the company posted $0.87 EPS. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. Research analysts forecast that OSI Systems, Inc. will post 7.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on OSIS. B. Riley boosted their price target on shares of OSI Systems from $137.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, August 25th. Roth Mkm boosted their price target on shares of OSI Systems from $152.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, August 25th. StockNews.com began coverage on shares of OSI Systems in a report on Thursday, October 5th. They issued a “buy” rating for the company. Finally, Oppenheimer boosted their price target on shares of OSI Systems from $133.00 to $157.00 and gave the stock an “outperform” rating in a report on Friday, August 25th. Four analysts have rated the stock with a buy rating, According to MarketBeat, OSI Systems currently has an average rating of “Buy” and an average price target of $162.33.

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.