OSI Systems, Inc. (NASDAQ:OSIS) Stake Increased by Truist Financial Corp

Truist Financial Corp raised its holdings in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 58.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,216 shares of the technology company's stock after buying an additional 3,039 shares during the period. Truist Financial Corp's holdings in OSI Systems were worth $1,376,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of OSIS. Principal Financial Group Inc. increased its holdings in OSI Systems by 1.6% in the fourth quarter. Principal Financial Group Inc. now owns 81,054 shares of the technology company's stock valued at $13,571,000 after buying an additional 1,261 shares during the last quarter. Principal Securities Inc. increased its holdings in shares of OSI Systems by 30.8% in the 4th quarter. Principal Securities Inc. now owns 4,433 shares of the technology company's stock valued at $742,000 after acquiring an additional 1,045 shares during the last quarter. Stanley Laman Group Ltd. lifted its stake in OSI Systems by 13.7% during the fourth quarter. Stanley Laman Group Ltd. now owns 29,293 shares of the technology company's stock worth $4,905,000 after purchasing an additional 3,519 shares during the last quarter. Van ECK Associates Corp boosted its holdings in OSI Systems by 33.6% in the fourth quarter. Van ECK Associates Corp now owns 108,709 shares of the technology company's stock valued at $18,201,000 after purchasing an additional 27,363 shares in the last quarter. Finally, Legato Capital Management LLC increased its stake in OSI Systems by 3.1% in the fourth quarter. Legato Capital Management LLC now owns 14,616 shares of the technology company's stock valued at $2,447,000 after purchasing an additional 435 shares during the last quarter. Institutional investors and hedge funds own 89.21% of the company's stock.

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Wall Street Analyst Weigh In

OSIS has been the topic of a number of recent analyst reports. B. Riley increased their target price 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. StockNews.com downgraded OSI Systems from a "hold" rating to a "sell" rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. initiated coverage on OSI Systems in a research report on Friday, February 21st. They set a "neutral" rating and a $225.00 price target on the stock. Roth Mkm increased their price objective on OSI Systems from $178.00 to $224.00 and gave the company a "buy" rating in a report on Friday, January 24th. Finally, Oppenheimer lifted their target price on shares of OSI Systems from $205.00 to $225.00 and gave the company an "outperform" rating in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, OSI Systems has an average rating of "Moderate Buy" and an average target price of $212.00.

Insider Buying and Selling

In other news, insider Paul Keith Morben sold 155 shares of the firm's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $199.36, for a total value of $30,900.80. Following the transaction, the insider now directly owns 10,077 shares in the company, valued at $2,008,950.72. This trade represents a 1.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Deepak Chopra sold 20,000 shares of the firm's stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $187.66, for a total transaction of $3,753,200.00. Following the completion of the transaction, the chief executive officer now directly owns 404,323 shares in the company, 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. In the last quarter, insiders sold 29,447 shares of company stock worth $5,519,962. 5.20% of the stock is owned by corporate insiders.

OSI Systems Stock Performance

OSIS traded down $7.25 during trading on Tuesday, hitting $192.63. The stock had a trading volume of 334,869 shares, compared to its average volume of 209,117. OSI Systems, Inc. has a twelve month low of $126.57 and a twelve month high of $220.00. The firm has a market capitalization of $3.24 billion, a P/E ratio of 24.80, a PEG ratio of 1.81 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 company's 50-day moving average price is $187.13 and its 200 day moving average price is $165.22.

OSI Systems (NASDAQ:OSIS - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The technology company reported $2.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.08. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. On average, equities research analysts forecast that OSI Systems, Inc. will post 9.22 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.