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

Allspring Global Investments Holdings LLC lowered its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 77.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,246 shares of the technology company’s stock after selling 7,690 shares during the period. Allspring Global Investments Holdings LLC’s holdings in OSI Systems were worth $290,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust raised its position in OSI Systems by 27.1% during the third quarter. Parkside Financial Bank & Trust now owns 422 shares of the technology company’s stock worth $50,000 after acquiring an additional 90 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of OSI Systems by 3,585.7% during the fourth quarter. International Assets Investment Management LLC now owns 516 shares of the technology company’s stock worth $67,000 after buying an additional 502 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of OSI Systems during the third quarter worth about $118,000. Lido Advisors LLC purchased a new stake in shares of OSI Systems during the third quarter worth about $216,000. Finally, MQS Management LLC purchased a new stake in shares of OSI Systems during the third quarter worth about $234,000. Institutional investors and hedge funds own 89.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on OSIS shares. StockNews.com downgraded shares of OSI Systems from a “buy” rating to a “hold” rating in a report on Saturday. Roth Mkm lifted their price target on shares of OSI Systems from $169.00 to $172.00 and gave the stock a “buy” rating in a report on Friday.

OSI Systems Price Performance

OSI Systems stock opened at $134.82 on Friday. OSI Systems, Inc. has a 1 year low of $102.02 and a 1 year high of $144.11. The firm has a 50 day moving average price of $135.68 and a 200 day moving average price of $127.44. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 18.54, a PEG ratio of 1.51 and a beta of 0.98. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.80 and a current ratio of 1.47.

OSI Systems (NASDAQ:OSIS) last released its earnings results on Thursday, April 25th. The technology company reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.11 by $0.05. OSI Systems had a net margin of 8.56% and a return on equity of 18.10%. The firm had revenue of $405.41 million during the quarter, compared to the consensus estimate of $401.99 million. During the same period in the previous year, the firm earned $1.49 earnings per share. OSI Systems’s revenue was up 33.8% compared to the same quarter last year. Sell-side analysts predict that OSI Systems, Inc. will post 8.07 earnings per share for the current year.

Insider Activity at OSI Systems

In related news, General Counsel Victor S. Sze sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $130.21, for a total value of $1,953,150.00. Following the completion of the sale, the general counsel now directly owns 63,116 shares in the company, valued at $8,218,334.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other OSI Systems news, General Counsel Victor S. Sze sold 15,000 shares of OSI Systems stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $130.21, for a total transaction of $1,953,150.00. Following the transaction, the general counsel now directly owns 63,116 shares of the company’s stock, valued at $8,218,334.36. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction that occurred on Wednesday, January 31st. The shares were 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 in the company, valued at $60,502,882.65. The disclosure for this sale can be found here. Over the last three months, insiders sold 50,000 shares of company stock worth $6,503,650. 5.60% of the stock is owned by company insiders.

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.