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

Principal Financial Group Inc. lessened its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 5.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 79,793 shares of the technology company's stock after selling 4,757 shares during the quarter. Principal Financial Group Inc. owned 0.48% of OSI Systems worth $12,115,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of OSIS. Franklin Resources Inc. raised its stake in shares of OSI Systems by 3.5% in the 3rd quarter. Franklin Resources Inc. now owns 9,560 shares of the technology company's stock valued at $1,429,000 after acquiring an additional 324 shares during the period. World Investment Advisors LLC purchased a new stake in shares of OSI Systems in the third quarter worth about $16,713,000. Hohimer Wealth Management LLC acquired a new stake in shares of OSI Systems in the third quarter valued at about $264,000. Geode Capital Management LLC raised its holdings in shares of OSI Systems by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 380,092 shares of the technology company's stock valued at $57,720,000 after buying an additional 5,718 shares during the period. Finally, Barclays PLC boosted its holdings in OSI Systems by 252.3% in the 3rd quarter. Barclays PLC now owns 35,519 shares of the technology company's stock worth $5,392,000 after acquiring an additional 25,437 shares during the period. Hedge funds and other institutional investors own 89.21% of the company's stock.

OSI Systems Stock Performance

Shares of OSI Systems stock traded down $4.10 during trading on Monday, hitting $167.25. 152,348 shares of the stock were exchanged, compared to its average volume of 137,211. 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 12 month low of $120.42 and a 12 month high of $189.13. The stock's fifty day moving average is $162.48 and its 200 day moving average is $150.15. The stock has a market cap of $2.79 billion, a PE ratio of 21.83, a P/E/G ratio of 1.55 and a beta of 1.18.

OSI Systems (NASDAQ:OSIS - Get Free Report) last posted its earnings results on Thursday, October 24th. The technology company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.06 by $0.19. The firm had revenue of $344.01 million during the quarter, compared to analysts' expectations of $318.66 million. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. OSI Systems's quarterly revenue was up 23.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.91 EPS. As a group, sell-side analysts anticipate that OSI Systems, Inc. will post 9.13 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on OSIS. Wells Fargo & Company raised their target price on OSI Systems from $172.00 to $202.00 and gave the company an "overweight" rating in a research note on Wednesday, December 11th. StockNews.com upgraded OSI Systems from a "sell" rating to a "hold" rating in a research note on Tuesday, December 10th. Finally, Bank of America assumed coverage on shares of OSI Systems in a report on Monday, September 30th. They set a "buy" rating and a $175.00 target price on the stock. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $179.00.

Insider Buying and Selling at OSI Systems

In related news, CEO Deepak Chopra sold 15,000 shares of the business's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $153.42, for a total transaction of $2,301,300.00. Following the sale, the chief executive officer now owns 424,323 shares of the company's stock, valued at $65,099,634.66. The trade was a 3.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gerald M. Chizever sold 2,000 shares of the stock in a transaction on Thursday, November 7th. The shares were 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 of the company's stock, valued at approximately $1,140,980.16. The trade was a 20.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,591 shares of company stock valued at $7,557,745 in the last quarter. Corporate insiders own 5.20% of the company's stock.

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.