Principal Financial Group Inc. Lowers Stock Position in OSI Systems, Inc. (NASDAQ:OSIS)

Principal Financial Group Inc. trimmed its stake in OSI Systems, Inc. (NASDAQ:OSIS) by 5.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 79,793 shares of the technology company’s stock after selling 4,757 shares during the period. Principal Financial Group Inc. owned about 0.48% of OSI Systems worth $12,115,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Arizona State Retirement System grew its position in OSI Systems by 2.2% in the 2nd quarter. Arizona State Retirement System now owns 4,532 shares of the technology company’s stock valued at $623,000 after acquiring an additional 97 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in OSI Systems by 1.3% during the 2nd 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 period. US Bancorp DE lifted its holdings in OSI Systems by 4.8% during the 3rd quarter. US Bancorp DE now owns 2,418 shares of the technology company’s stock worth $367,000 after buying an additional 111 shares in the last quarter. Inspire Investing LLC lifted its holdings in OSI Systems by 7.9% during the 3rd quarter. Inspire Investing LLC now owns 2,741 shares of the technology company’s stock worth $416,000 after buying an additional 200 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in OSI Systems by 5.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,901 shares of the technology company’s stock valued at $536,000 after buying an additional 202 shares during the period. 89.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on OSIS shares. Wells Fargo & Company increased their price objective on OSI Systems from $170.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Bank of America initiated coverage on OSI Systems in a research note on Monday, September 30th. They issued a “buy” rating and a $175.00 price objective for the company. B. Riley boosted their price objective on OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Finally, Roth Mkm raised their target price on shares of OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a report on Friday, August 23rd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, OSI Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $173.00.

Insider Buying and Selling at OSI Systems

In other news, insider Paul Keith Morben sold 1,107 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $145.04, for a total transaction of $160,559.28. Following the completion of the sale, the insider now owns 10,077 shares in the company, valued at approximately $1,461,568.08. This represents a 9.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gerald M. Chizever sold 3,000 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $138.41, for a total value of $415,230.00. Following the completion of the transaction, the director now owns 3,462 shares in the company, valued at $479,175.42. This trade represents a 46.43 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,107 shares of company stock worth $6,071,809. 5.20% of the stock is owned by insiders.

OSI Systems Stock Down 0.8 %

Shares of NASDAQ:OSIS opened at $150.70 on Monday. The firm has a 50 day simple moving average of $144.31 and a 200-day simple moving average of $142.11. OSI Systems, Inc. has a twelve month low of $115.33 and a twelve month high of $158.69. The company has a current ratio of 1.84, a quick ratio of 1.20 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $2.52 billion, a PE ratio of 19.67, a P/E/G ratio of 1.30 and a beta of 1.10.

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 return on equity of 18.17% and a net margin of 8.31%. The company had revenue of $344.01 million for the quarter, compared to analyst estimates of $318.66 million. During the same quarter last year, the company posted $0.91 earnings per share. The business’s quarterly revenue was up 23.2% compared to the same quarter last year. On average, equities analysts predict that OSI Systems, Inc. will post 9.12 EPS for the current fiscal year.

About OSI Systems

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.