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

Allspring Global Investments Holdings LLC raised its holdings in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 51.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,557 shares of the technology company's stock after acquiring an additional 13,826 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.24% of OSI Systems worth $6,790,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Richardson Financial Services Inc. grew its position in shares of OSI Systems by 65.6% in the 4th quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company's stock worth $26,000 after buying an additional 61 shares during the last quarter. Orion Portfolio Solutions LLC boosted its position in shares of OSI Systems by 3.3% during the third quarter. Orion Portfolio Solutions LLC now owns 3,301 shares of the technology company's stock valued at $501,000 after purchasing an additional 106 shares in the last quarter. US Bancorp DE boosted its position in shares of OSI Systems by 4.8% during the third quarter. US Bancorp DE now owns 2,418 shares of the technology company's stock valued at $367,000 after purchasing an additional 111 shares in the last quarter. KBC Group NV boosted its position in shares of OSI Systems by 37.1% during the fourth quarter. KBC Group NV now owns 699 shares of the technology company's stock valued at $117,000 after purchasing an additional 189 shares in the last quarter. Finally, Truvestments Capital LLC boosted its position in shares of OSI Systems by 11.1% during the third quarter. Truvestments Capital LLC now owns 2,159 shares of the technology company's stock valued at $328,000 after purchasing an additional 216 shares in the last quarter. 89.21% of the stock is currently owned by institutional investors.

OSI Systems Trading Down 5.6 %

OSIS traded down $12.10 during trading on Friday, hitting $202.27. 267,063 shares of the stock were exchanged, compared to its average volume of 200,800. The firm has a 50 day simple moving average of $183.86 and a 200 day simple moving average of $161.79. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of 26.03, a P/E/G ratio of 1.81 and a beta of 1.19. OSI Systems, Inc. has a 1 year low of $126.57 and a 1 year high of $220.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 1.88.

OSI Systems (NASDAQ:OSIS - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.34 by $0.08. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. As a group, equities analysts expect that OSI Systems, Inc. will post 9.22 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on OSIS shares. StockNews.com cut OSI Systems from a "hold" rating to a "sell" rating in a research note on Monday, February 17th. JPMorgan Chase & Co. initiated coverage on OSI Systems in a research note on Friday. They issued a "neutral" rating and a $225.00 price target for the company. Roth Mkm boosted their price target on OSI Systems from $178.00 to $224.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Oppenheimer boosted their price target on OSI Systems from $205.00 to $225.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. Finally, Wells Fargo & Company boosted their price target on OSI Systems from $172.00 to $202.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $212.00.

Insider Buying and Selling

In other OSI Systems news, insider Manoocher M. Aliabadi sold 2,509 shares of OSI Systems stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $180.02, for a total transaction of $451,670.18. Following the completion of the sale, the insider now owns 78,094 shares of the company's stock, valued at approximately $14,058,481.88. The trade was a 3.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $187.66, for a total value of $3,753,200.00. Following the sale, the chief executive officer now directly owns 404,323 shares of the company's stock, valued at approximately $75,875,254.18. This represents a 4.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,447 shares of company stock worth $5,519,962 in the last ninety days. 5.20% of the stock is owned by insiders.

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.