HighTower Advisors LLC Sells 1,388 Shares of OSI Systems, Inc. $OSIS

HighTower Advisors LLC trimmed its position in OSI Systems, Inc. (NASDAQ:OSIS) by 31.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,984 shares of the technology company’s stock after selling 1,388 shares during the period. HighTower Advisors LLC’s holdings in OSI Systems were worth $580,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. National Bank of Canada FI lifted its holdings in shares of OSI Systems by 118.2% in the first quarter. National Bank of Canada FI now owns 144 shares of the technology company’s stock valued at $28,000 after purchasing an additional 78 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of OSI Systems by 139.5% in the first quarter. Nisa Investment Advisors LLC now owns 194 shares of the technology company’s stock valued at $38,000 after purchasing an additional 113 shares in the last quarter. Xponance Inc. bought a new stake in OSI Systems during the first quarter worth about $233,000. Sequoia Financial Advisors LLC bought a new stake in OSI Systems during the first quarter worth about $234,000. Finally, Entropy Technologies LP bought a new stake in OSI Systems during the first quarter worth about $263,000. 89.21% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Meyer/ Luskin sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $237.15, for a total value of $237,150.00. Following the transaction, the director owned 11,214 shares of the company’s stock, valued at approximately $2,659,400.10. This represents a 8.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.20% of the stock is currently owned by company insiders.

OSI Systems Price Performance

Shares of NASDAQ OSIS opened at $230.05 on Friday. The business’s 50 day moving average price is $223.50 and its two-hundred day moving average price is $212.51. The company has a market cap of $3.87 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 1.90 and a beta of 1.31. The company has a quick ratio of 1.46, a current ratio of 2.04 and a debt-to-equity ratio of 0.49. OSI Systems, Inc. has a twelve month low of $129.84 and a twelve month high of $241.64.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings results on Thursday, August 21st. The technology company reported $3.24 earnings per share for the quarter, topping analysts’ consensus estimates of $3.19 by $0.05. The firm had revenue of $504.99 million for the quarter, compared to the consensus estimate of $497.22 million. OSI Systems had a return on equity of 18.69% and a net margin of 8.73%.The business’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.84 earnings per share. OSI Systems has set its FY 2026 guidance at 10.110-10.390 EPS. On average, analysts predict that OSI Systems, Inc. will post 9.22 EPS for the current year.

Analysts Set New Price Targets

OSIS has been the topic of several analyst reports. Oppenheimer reiterated an “outperform” rating and set a $270.00 target price on shares of OSI Systems in a report on Friday, August 22nd. Roth Mkm upped their target price on OSI Systems from $224.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Wall Street Zen upgraded OSI Systems from a “sell” rating to a “hold” rating in a report on Friday, May 16th. Finally, B. Riley upped their target price on OSI Systems from $255.00 to $260.00 and gave the stock a “buy” rating in a report on Friday, August 22nd. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $230.83.

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.