Assenagon Asset Management S.A. Sells 391 Shares of OSI Systems, Inc. $OSIS

Assenagon Asset Management S.A. lowered its position in OSI Systems, Inc. (NASDAQ:OSIS) by 2.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,638 shares of the technology company’s stock after selling 391 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.09% of OSI Systems worth $3,292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. National Bank of Canada FI boosted its stake in shares of OSI Systems by 118.2% in the 1st 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 stake in OSI Systems by 139.5% in the first quarter. Nisa Investment Advisors LLC now owns 194 shares of the technology company’s stock worth $38,000 after purchasing an additional 113 shares during the last quarter. Virtus Advisers LLC purchased a new stake in OSI Systems during the first quarter valued at about $43,000. Strs Ohio bought a new position in shares of OSI Systems during the first quarter valued at about $97,000. Finally, Xponance Inc. purchased a new position in shares of OSI Systems in the first quarter worth about $233,000. 89.21% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at OSI Systems

In other OSI Systems news, insider Paul Keith Morben sold 1,671 shares of the firm’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $236.76, for a total value of $395,625.96. Following the completion of the sale, the insider directly owned 8,749 shares in the company, valued at $2,071,413.24. This trade represents a 16.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 5.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

OSIS has been the subject of several analyst reports. Oppenheimer restated an “outperform” rating and set a $270.00 target price on shares of OSI Systems in a report on Friday, August 22nd. B. Riley increased their price objective on OSI Systems from $255.00 to $260.00 and gave the company a “buy” rating in a research note on Friday, August 22nd. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $230.83.

OSI Systems Price Performance

OSIS opened at $227.60 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.46 and a current ratio of 2.04. The stock has a market capitalization of $3.83 billion, a PE ratio of 26.16, a price-to-earnings-growth ratio of 1.96 and a beta of 1.30. The stock’s 50 day moving average price is $228.41 and its 200-day moving average price is $216.50. OSI Systems, Inc. has a 52-week low of $129.84 and a 52-week high of $244.49.

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

About OSI Systems

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.