Principal Securities Inc. Boosts Stock Holdings in OSI Systems, Inc. (NASDAQ:OSIS)

Principal Securities Inc. lifted its holdings in OSI Systems, Inc. (NASDAQ:OSIS) by 30.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,433 shares of the technology company’s stock after acquiring an additional 1,045 shares during the period. Principal Securities Inc.’s holdings in OSI Systems were worth $742,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. FMR LLC grew its holdings in OSI Systems by 4,891.4% during the 3rd quarter. FMR LLC now owns 644,396 shares of the technology company’s stock valued at $97,839,000 after purchasing an additional 631,486 shares in the last quarter. World Investment Advisors LLC bought a new position in shares of OSI Systems in the 3rd quarter worth about $16,713,000. Swedbank AB bought a new position in shares of OSI Systems in the 4th quarter worth about $8,372,000. Edgestream Partners L.P. bought a new position in shares of OSI Systems in the 3rd quarter worth about $5,061,000. Finally, Systematic Financial Management LP lifted its position in shares of OSI Systems by 13.4% in the 3rd quarter. Systematic Financial Management LP now owns 264,342 shares of the technology company’s stock worth $40,135,000 after buying an additional 31,269 shares during the last quarter. Institutional investors and hedge funds own 89.21% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on OSIS shares. Wells Fargo & Company lifted 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. StockNews.com lowered shares of OSI Systems from a “hold” rating to a “sell” rating in a report on Monday. Roth Mkm boosted their price target on shares of OSI Systems from $178.00 to $224.00 and gave the company a “buy” rating in a report on Friday, January 24th. B. Riley boosted their price objective on shares of OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Finally, Oppenheimer upped their price objective on shares of OSI Systems from $205.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $209.40.

OSI Systems Trading Down 2.4 %

Shares of OSIS stock opened at $214.37 on Friday. OSI Systems, Inc. has a 52-week low of $126.57 and a 52-week high of $220.00. The stock has a market cap of $3.60 billion, a price-to-earnings ratio of 27.59, a P/E/G ratio of 1.83 and a beta of 1.19. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 1.88. The firm has a fifty day moving average of $183.33 and a 200-day moving average of $161.42.

OSI Systems (NASDAQ:OSIS) last posted its earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share 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, equities research analysts forecast that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Gerald M. Chizever sold 2,701 shares of the firm’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $195.83, for a total value of $528,936.83. Following the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $979,150. This trade represents a 35.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul Keith Morben sold 155 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $199.36, for a total transaction of $30,900.80. Following the completion of the sale, the insider now owns 10,077 shares in the company, valued at $2,008,950.72. This represents a 1.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,447 shares of company stock valued at $5,519,962 in the last 90 days. 5.20% of the stock is currently owned by insiders.

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.