Allspring Global Investments Holdings LLC Acquires 9,646 Shares of OSI Systems, Inc. $OSIS

Allspring Global Investments Holdings LLC grew its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 112.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,230 shares of the technology company’s stock after acquiring an additional 9,646 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.11% of OSI Systems worth $4,659,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Danske Bank A S bought a new stake in OSI Systems in the 3rd quarter worth approximately $25,000. Salomon & Ludwin LLC purchased a new stake in OSI Systems during the third quarter valued at $32,000. Richardson Financial Services Inc. increased its position in OSI Systems by 58.2% during the third quarter. Richardson Financial Services Inc. now owns 144 shares of the technology company’s stock valued at $36,000 after acquiring an additional 53 shares during the last quarter. Nisa Investment Advisors LLC increased its position in OSI Systems by 28.6% during the third quarter. Nisa Investment Advisors LLC now owns 256 shares of the technology company’s stock valued at $64,000 after acquiring an additional 57 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in OSI Systems by 19.6% during the fourth quarter. GAMMA Investing LLC now owns 330 shares of the technology company’s stock valued at $84,000 after acquiring an additional 54 shares during the last quarter. Institutional investors own 89.21% of the company’s stock.

Insider Activity at OSI Systems

In other news, Director Deepak Chopra sold 20,000 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $250.91, for a total value of $5,018,200.00. Following the transaction, the director directly owned 273,044 shares in the company, valued at $68,509,470.04. The trade was a 6.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.30% of the stock is owned by insiders.

OSI Systems Trading Up 0.4%

OSI Systems stock opened at $275.55 on Wednesday. The firm has a 50 day moving average of $274.66 and a 200 day moving average of $267.21. The firm has a market capitalization of $4.54 billion, a price-to-earnings ratio of 31.21, a P/E/G ratio of 2.19 and a beta of 1.34. OSI Systems, Inc. has a 12-month low of $170.45 and a 12-month high of $306.12. The company has a current ratio of 3.15, a quick ratio of 2.31 and a debt-to-equity ratio of 1.18.

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on OSIS shares. B. Riley Financial upped their price objective on OSI Systems from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Friday, January 30th. JPMorgan Chase & Co. increased their price objective on shares of OSI Systems from $255.00 to $262.00 and gave the stock a “neutral” rating in a research note on Monday, February 2nd. Roth Mkm increased their price objective on shares of OSI Systems from $292.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Finally, Weiss Ratings upgraded shares of OSI Systems from a “buy (b)” rating to a “buy (a-)” rating in a research note on Wednesday, March 11th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, OSI Systems has a consensus rating of “Buy” and a consensus target price of $294.00.

About OSI Systems

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.