OSI Systems, Inc. (NASDAQ:OSIS) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 23.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,731 shares of the technology company’s stock after selling 8,388 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.16% of OSI Systems worth $4,059,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. nVerses Capital LLC acquired a new stake in shares of OSI Systems in the 3rd quarter valued at $182,000. Creative Planning raised its holdings in shares of OSI Systems by 55.2% in the 3rd quarter. Creative Planning now owns 2,605 shares of the technology company’s stock valued at $396,000 after purchasing an additional 926 shares in the last quarter. Oliver Luxxe Assets LLC raised its holdings in shares of OSI Systems by 78.1% in the 3rd quarter. Oliver Luxxe Assets LLC now owns 21,396 shares of the technology company’s stock valued at $3,249,000 after purchasing an additional 9,381 shares in the last quarter. Inspire Investing LLC raised its holdings in shares of OSI Systems by 7.9% in the 3rd quarter. Inspire Investing LLC now owns 2,741 shares of the technology company’s stock valued at $416,000 after purchasing an additional 200 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of OSI Systems by 24.7% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 9,600 shares of the technology company’s stock valued at $1,457,000 after purchasing an additional 1,900 shares in the last quarter. 89.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OSIS has been the topic of a number of analyst reports. Bank of America initiated coverage on shares of OSI Systems in a report on Monday, September 30th. They issued a “buy” rating and a $175.00 price objective on the stock. Wells Fargo & Company initiated coverage on shares of OSI Systems in a report on Wednesday, September 18th. They issued an “overweight” rating and a $170.00 price objective on the stock. Roth Mkm lifted their price target on shares of OSI Systems from $172.00 to $178.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Finally, B. Riley lifted their price target on shares of OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $172.60.

OSI Systems Trading Down 2.2 %

Shares of OSI Systems stock opened at $131.41 on Tuesday. OSI Systems, Inc. has a 1 year low of $103.04 and a 1 year high of $158.69. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.20 and a current ratio of 1.84. The company has a market capitalization of $2.18 billion, a P/E ratio of 17.16, a PEG ratio of 1.25 and a beta of 1.08. The company’s fifty day moving average is $144.94 and its two-hundred day moving average is $141.42.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings data on Thursday, October 24th. The technology company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.19. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. The company had revenue of $344.01 million for the quarter, compared to the consensus estimate of $318.66 million. During the same period last year, the firm posted $0.91 EPS. OSI Systems’s revenue for the quarter was up 23.2% on a year-over-year basis. Analysts forecast that OSI Systems, Inc. will post 9.09 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction dated 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction dated 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gerald M. Chizever sold 3,000 shares of OSI Systems stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $138.41, for a total transaction of $415,230.00. Following the completion of the sale, the director now directly owns 3,462 shares in the company, valued at approximately $479,175.42. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,107 shares of company stock valued at $3,474,189. Insiders own 5.60% 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.