Allspring Global Investments Holdings LLC Boosts Stock Position in OSI Systems, Inc. (NASDAQ:OSIS)

Allspring Global Investments Holdings LLC grew its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 51.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,557 shares of the technology company’s stock after buying an additional 13,826 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.24% of OSI Systems worth $6,790,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in OSIS. GHP Investment Advisors Inc. boosted its stake in OSI Systems by 11.3% during the 4th quarter. GHP Investment Advisors Inc. now owns 29,916 shares of the technology company’s stock valued at $5,009,000 after acquiring an additional 3,044 shares during the last quarter. Longboard Asset Management LP bought a new position in shares of OSI Systems during the fourth quarter worth about $202,000. Richardson Financial Services Inc. lifted its position in shares of OSI Systems by 65.6% during the fourth quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock worth $26,000 after purchasing an additional 61 shares during the last quarter. Swedbank AB acquired a new position in OSI Systems in the fourth quarter worth about $8,372,000. Finally, SteelPeak Wealth LLC bought a new stake in OSI Systems in the fourth quarter valued at about $676,000. Institutional investors and hedge funds own 89.21% of the company’s stock.

OSI Systems Price Performance

Shares of OSIS opened at $219.60 on Thursday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.88 and a quick ratio of 1.25. The company has a market cap of $3.69 billion, a P/E ratio of 28.26, a PEG ratio of 1.79 and a beta of 1.19. OSI Systems, Inc. has a 12 month low of $126.57 and a 12 month high of $220.00. The stock has a fifty day moving average price of $183.33 and a 200 day moving average price of $161.42.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 EPS for the quarter, topping the consensus estimate of $2.34 by $0.08. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. On average, research analysts forecast that OSI Systems, Inc. will post 9.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

OSIS has been the topic of a number of research analyst reports. Roth Mkm increased their target price on OSI Systems from $178.00 to $224.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Oppenheimer raised their price objective on OSI Systems from $205.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. B. Riley lifted their price objective on shares of OSI Systems from $180.00 to $221.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Wells Fargo & Company increased their target price on shares of OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Finally, StockNews.com lowered shares of OSI Systems from a “hold” rating to a “sell” rating in a report on Monday. One analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $209.40.

Insiders Place Their Bets

In other news, insider Paul Keith Morben sold 155 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $199.36, for a total value of $30,900.80. Following the completion of the transaction, the insider now owns 10,077 shares of the company’s stock, valued at approximately $2,008,950.72. This represents a 1.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Manoocher M. Aliabadi sold 2,509 shares of OSI Systems stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $180.02, for a total transaction of $451,670.18. Following the sale, the insider now owns 78,094 shares in the company, valued at approximately $14,058,481.88. This represents a 3.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,447 shares of company stock worth $5,519,962. Insiders own 5.20% of the company’s stock.

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.