Truist Financial Corp Buys New Stake in OSI Systems, Inc. (NASDAQ:OSIS)

Truist Financial Corp bought a new stake in OSI Systems, Inc. (NASDAQ:OSIS) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,373 shares of the technology company’s stock, valued at approximately $601,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Arizona State Retirement System grew its holdings in shares of OSI Systems by 2.2% in the second quarter. Arizona State Retirement System now owns 4,532 shares of the technology company’s stock valued at $623,000 after purchasing an additional 97 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in OSI Systems by 1.3% in the second quarter. Louisiana State Employees Retirement System now owns 7,900 shares of the technology company’s stock worth $1,086,000 after buying an additional 100 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in OSI Systems by 4.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,896 shares of the technology company’s stock worth $503,000 after buying an additional 178 shares during the last quarter. Bridge City Capital LLC lifted its position in OSI Systems by 0.8% in the first quarter. Bridge City Capital LLC now owns 24,618 shares of the technology company’s stock worth $3,516,000 after buying an additional 194 shares during the last quarter. Finally, West Paces Advisors Inc. bought a new stake in shares of OSI Systems during the first quarter worth $28,000. 89.21% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at OSI Systems

In related news, CEO Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $144.92, for a total transaction of $2,898,400.00. Following the completion of the sale, the chief executive officer now owns 459,033 shares of the company’s stock, valued at $66,523,062.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $144.92, for a total transaction of $2,898,400.00. Following the completion of the sale, the chief executive officer now owns 459,033 shares of the company’s stock, valued at $66,523,062.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gerald M. Chizever sold 3,000 shares of OSI Systems 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 sale, the director now directly owns 3,462 shares of the company’s stock, valued at $479,175.42. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,107 shares of company stock worth $3,474,189. Insiders own 5.60% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Wells Fargo & Company assumed coverage on OSI Systems in a research report on Wednesday, September 18th. They set an “overweight” rating and a $170.00 target price for the company. B. Riley lifted their target price on OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Bank of America assumed coverage on OSI Systems in a report on Monday, September 30th. They issued a “buy” rating and a $175.00 price objective for the company. Finally, Roth Mkm lifted their price objective on OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a report on Friday, August 23rd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $172.60.

OSI Systems Price Performance

OSIS opened at $147.14 on Wednesday. OSI Systems, Inc. has a 1 year low of $103.04 and a 1 year high of $158.69. The firm has a market capitalization of $2.51 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 1.40 and a beta of 1.08. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.49 and a quick ratio of 1.00. The business’s 50-day moving average is $144.79 and its two-hundred day moving average is $141.32.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings results on Thursday, August 22nd. The technology company reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.79 by $0.05. OSI Systems had a return on equity of 17.80% and a net margin of 8.33%. The business had revenue of $480.91 million for the quarter, compared to analyst estimates of $467.24 million. During the same quarter in the previous year, the firm earned $2.66 earnings per share. The company’s revenue was up 16.8% on a year-over-year basis. Research analysts anticipate that OSI Systems, Inc. will post 8.98 earnings per share for the current fiscal year.

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.