OSI Systems, Inc. (NASDAQ:OSIS) Stock Position Lowered by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 5.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 SEC filing.

Other institutional investors also recently modified their holdings of the company. Franklin Resources Inc. lifted its stake in OSI Systems by 3.5% during the third quarter. Franklin Resources Inc. now owns 9,560 shares of the technology company’s stock valued at $1,429,000 after buying an additional 324 shares in the last quarter. World Investment Advisors LLC acquired a new stake in shares of OSI Systems during the third quarter valued at approximately $16,713,000. Hohimer Wealth Management LLC purchased a new stake in shares of OSI Systems in the 3rd quarter valued at approximately $264,000. Geode Capital Management LLC boosted its stake in OSI Systems by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 380,092 shares of the technology company’s stock worth $57,720,000 after purchasing an additional 5,718 shares during the period. Finally, Barclays PLC grew its position in OSI Systems by 252.3% during the 3rd quarter. Barclays PLC now owns 35,519 shares of the technology company’s stock worth $5,392,000 after purchasing an additional 25,437 shares in the last quarter. Institutional investors own 89.21% of the company’s stock.

OSI Systems Stock Performance

Shares of NASDAQ:OSIS opened at $171.35 on Monday. The business has a fifty day moving average of $162.03 and a 200-day moving average of $149.93. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.20 and a current ratio of 1.84. OSI Systems, Inc. has a twelve month low of $120.42 and a twelve month high of $189.13. The firm has a market cap of $2.86 billion, a PE ratio of 22.37, a price-to-earnings-growth ratio of 1.55 and a beta of 1.18.

OSI Systems (NASDAQ:OSIS) last posted 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. The firm had revenue of $344.01 million for the quarter, compared to the consensus estimate of $318.66 million. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. The business’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.91 EPS. On average, equities research analysts predict that OSI Systems, Inc. will post 9.13 EPS for the current fiscal year.

Insider Activity at OSI Systems

In other news, Director Gerald M. Chizever sold 2,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $148.16, for a total value of $296,320.00. Following the transaction, the director now directly owns 7,701 shares in the company, valued at $1,140,980.16. This trade represents a 20.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Manoocher M. Aliabadi sold 2,509 shares of OSI Systems stock in a transaction on Friday, December 13th. The stock was sold at an average price of $180.02, for a total value of $451,670.18. Following the sale, the insider now directly owns 78,094 shares of the company’s stock, valued at approximately $14,058,481.88. This trade represents a 3.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,591 shares of company stock worth $7,557,745 over the last 90 days. Insiders own 5.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. StockNews.com upgraded OSI Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, December 10th. Wells Fargo & Company boosted their price objective on shares of OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Finally, Bank of America assumed coverage on shares of OSI Systems in a research report on Monday, September 30th. They issued a “buy” rating and a $175.00 target price for the company. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $179.00.

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.