PNC Financial Services Group Inc. Grows Position in OSI Systems, Inc. (NASDAQ:OSIS)

PNC Financial Services Group Inc. boosted its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 4.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,896 shares of the technology company’s stock after purchasing an additional 178 shares during the period. PNC Financial Services Group Inc.’s holdings in OSI Systems were worth $503,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of OSIS. Quest Partners LLC purchased a new stake in shares of OSI Systems in the 4th quarter valued at $53,000. International Assets Investment Management LLC boosted its holdings in shares of OSI Systems by 3,585.7% in the 4th quarter. International Assets Investment Management LLC now owns 516 shares of the technology company’s stock valued at $67,000 after acquiring an additional 502 shares during the last quarter. Natixis Investment Managers International boosted its holdings in shares of OSI Systems by 27.9% in the 4th quarter. Natixis Investment Managers International now owns 999 shares of the technology company’s stock valued at $129,000 after acquiring an additional 218 shares during the last quarter. Lido Advisors LLC purchased a new stake in shares of OSI Systems in the 3rd quarter valued at $216,000. Finally, MQS Management LLC acquired a new position in shares of OSI Systems in the 3rd quarter valued at $234,000. Hedge funds and other institutional investors own 89.21% of the company’s stock.

OSI Systems Trading Up 2.6 %

Shares of OSIS opened at $140.17 on Friday. The company has a current ratio of 1.47, a quick ratio of 0.89 and a debt-to-equity ratio of 0.16. OSI Systems, Inc. has a 12-month low of $103.04 and a 12-month high of $145.24. The firm has a 50-day moving average price of $137.64 and a 200 day moving average price of $133.94. The firm has a market capitalization of $2.39 billion, a P/E ratio of 19.28, a P/E/G ratio of 1.54 and a beta of 1.11.

OSI Systems (NASDAQ:OSIS) last announced its earnings results on Thursday, April 25th. The technology company reported $2.16 earnings per share for the quarter, topping the consensus estimate of $2.11 by $0.05. The company had revenue of $405.41 million during the quarter, compared to analyst estimates of $401.99 million. OSI Systems had a net margin of 8.56% and a return on equity of 18.10%. OSI Systems’s revenue was up 33.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.49 earnings per share. Sell-side analysts forecast that OSI Systems, Inc. will post 8.09 EPS for the current year.

Wall Street Analysts Forecast Growth

OSIS has been the subject of several analyst reports. Roth Mkm boosted their target price on shares of OSI Systems from $169.00 to $172.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Oppenheimer boosted their target price on shares of OSI Systems from $157.00 to $160.00 and gave the company an “outperform” rating in a research note on Monday, April 29th. Finally, StockNews.com cut shares of OSI Systems from a “buy” rating to a “hold” rating in a research note on Saturday, April 27th.

Insider Transactions at OSI Systems

In related news, CFO Alan I. Edrick sold 4,216 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $142.14, for a total value of $599,262.24. Following the sale, the chief financial officer now owns 340,915 shares of the company’s stock, valued at $48,457,658.10. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Alan I. Edrick sold 4,216 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $142.14, for a total value of $599,262.24. Following the sale, the chief financial officer now owns 340,915 shares of the company’s stock, valued at $48,457,658.10. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Alan I. Edrick sold 30,386 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $143.75, for a total transaction of $4,367,987.50. Following the sale, the chief financial officer now directly owns 310,529 shares in the company, valued at approximately $44,638,543.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 99,281 shares of company stock valued at $14,011,624. 5.60% of the stock is currently owned by corporate insiders.

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.