Federated Hermes Inc. Makes New $290,000 Investment in OSI Systems, Inc. (NASDAQ:OSIS)

Federated Hermes Inc. bought a new stake in OSI Systems, Inc. (NASDAQ:OSIS) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,110 shares of the technology company’s stock, valued at approximately $290,000.

Several other institutional investors and hedge funds also recently made changes to their positions in OSIS. Brown Advisory Inc. acquired a new position in OSI Systems in the fourth quarter valued at about $311,000. Norges Bank bought a new position in shares of OSI Systems in the fourth quarter valued at approximately $14,921,000. PNC Financial Services Group Inc. boosted its holdings in shares of OSI Systems by 4.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,896 shares of the technology company’s stock worth $503,000 after acquiring an additional 178 shares in the last quarter. UBS Group AG boosted its holdings in shares of OSI Systems by 2.3% in the 4th quarter. UBS Group AG now owns 108,993 shares of the technology company’s stock worth $14,066,000 after acquiring an additional 2,428 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in OSI Systems during the 4th quarter worth approximately $53,000. Institutional investors and hedge funds own 89.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on OSIS. B. Riley lifted their price objective on OSI Systems from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Roth Mkm lifted their price target on OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Finally, Wells Fargo & Company initiated coverage on shares of OSI Systems in a research report on Wednesday, September 18th. They set an “overweight” rating and a $170.00 price target on the stock. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $172.00.

OSI Systems Stock Up 0.7 %

NASDAQ:OSIS opened at $146.92 on Wednesday. The stock’s fifty day moving average price is $144.43 and its two-hundred day moving average price is $140.12. The company has a market cap of $2.50 billion, a price-to-earnings ratio of 20.21, a P/E/G ratio of 1.48 and a beta of 1.08. OSI Systems, Inc. has a 52-week low of $103.04 and a 52-week high of $158.69. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.00 and a current ratio of 1.49.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings results on Thursday, August 22nd. The technology company reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.79 by $0.05. The business had revenue of $480.91 million for the quarter, compared to analysts’ expectations of $467.24 million. OSI Systems had a return on equity of 17.80% and a net margin of 8.33%. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.66 earnings per share. On average, analysts anticipate that OSI Systems, Inc. will post 8.93 EPS for the current year.

Insider Transactions at OSI Systems

In related news, CEO Deepak Chopra sold 20,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $144.92, for a total value of $2,898,400.00. Following the transaction, the chief executive officer now directly owns 459,033 shares in the company, valued at $66,523,062.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other OSI Systems news, Director Gerald M. Chizever sold 3,000 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $138.41, for a total value of $415,230.00. Following the transaction, the director now owns 3,462 shares of the company’s stock, valued at $479,175.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $144.92, for a total value of $2,898,400.00. Following the transaction, the chief executive officer now owns 459,033 shares in the company, valued at approximately $66,523,062.36. The disclosure for this sale can be found here. Insiders sold a total of 24,107 shares of company stock worth $3,474,189 in the last quarter. 5.60% of the stock is owned by company insiders.

OSI Systems 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.