Principal Financial Group Inc. Sells 14,413 Shares of OSI Systems, Inc. $OSIS

Principal Financial Group Inc. lowered its position in OSI Systems, Inc. (NASDAQ:OSIS) by 14.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 88,749 shares of the technology company’s stock after selling 14,413 shares during the quarter. Principal Financial Group Inc. owned about 0.52% of OSI Systems worth $22,120,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in OSIS. Osaic Holdings Inc. grew its holdings in OSI Systems by 418.1% during the 2nd quarter. Osaic Holdings Inc. now owns 32,688 shares of the technology company’s stock valued at $7,350,000 after buying an additional 26,379 shares in the last quarter. Boston Partners grew its stake in OSI Systems by 1.9% during the second quarter. Boston Partners now owns 98,252 shares of the technology company’s stock valued at $21,982,000 after acquiring an additional 1,825 shares in the last quarter. Nordea Investment Management AB increased its holdings in OSI Systems by 3.6% in the 3rd quarter. Nordea Investment Management AB now owns 54,979 shares of the technology company’s stock valued at $13,319,000 after acquiring an additional 1,915 shares during the last quarter. Personal CFO Solutions LLC purchased a new stake in OSI Systems in the 2nd quarter worth $226,000. Finally, Envestnet Asset Management Inc. lifted its stake in OSI Systems by 5.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 89,334 shares of the technology company’s stock worth $20,088,000 after purchasing an additional 4,990 shares in the last quarter. 89.21% of the stock is owned by hedge funds and other institutional investors.

OSI Systems Price Performance

OSIS opened at $271.26 on Friday. The business has a fifty day moving average of $269.87 and a 200 day moving average of $252.83. The stock has a market cap of $4.47 billion, a P/E ratio of 30.72, a PEG ratio of 2.21 and a beta of 1.35. The company has a quick ratio of 2.31, a current ratio of 3.15 and a debt-to-equity ratio of 1.18. OSI Systems, Inc. has a 52-week low of $153.40 and a 52-week high of $294.93.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings results on Thursday, January 29th. The technology company reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.06. The firm had revenue of $464.06 million during the quarter, compared to analysts’ expectations of $449.51 million. OSI Systems had a net margin of 8.52% and a return on equity of 18.58%. The company’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.42 EPS. As a group, sell-side analysts anticipate that OSI Systems, Inc. will post 9.22 EPS for the current year.

Insider Transactions at OSI Systems

In other OSI Systems news, Director Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $250.91, for a total transaction of $5,018,200.00. Following the sale, the director owned 273,044 shares of the company’s stock, valued at $68,509,470.04. The trade was a 6.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 4.30% of the company’s stock.

Analyst Upgrades and Downgrades

OSIS has been the subject of a number of research reports. UBS Group set a $292.00 price target on OSI Systems in a research note on Monday, December 1st. JPMorgan Chase & Co. increased their target price on OSI Systems from $255.00 to $262.00 and gave the company a “neutral” rating in a research report on Monday, February 2nd. Roth Mkm boosted their price target on shares of OSI Systems from $292.00 to $295.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Weiss Ratings upgraded shares of OSI Systems from a “buy (b)” rating to a “buy (a-)” rating in a research report on Thursday. Finally, Bank of America lifted their price objective on shares of OSI Systems from $265.00 to $315.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $282.00.

OSI Systems Company Profile

OSI Systems, Inc (NASDAQ: OSIS) is a publicly traded technology company founded in 1987 and headquartered in Hawthorne, California. The company designs, develops and manufactures advanced security and inspection systems, optoelectronic devices and medical imaging equipment. Over its history, OSI Systems has grown its product offerings through internal research and development as well as strategic acquisitions, expanding its capabilities in mission-critical sensing and inspection technologies.

OSI Systems operates three primary business segments.