Principal Financial Group Inc. Acquires 1,261 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Principal Financial Group Inc. lifted its position in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,054 shares of the technology company's stock after acquiring an additional 1,261 shares during the period. Principal Financial Group Inc. owned approximately 0.48% of OSI Systems worth $13,571,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Principal Securities Inc. raised its stake in shares of OSI Systems by 30.8% in the fourth quarter. Principal Securities Inc. now owns 4,433 shares of the technology company's stock worth $742,000 after purchasing an additional 1,045 shares during the last quarter. Stanley Laman Group Ltd. increased its holdings in OSI Systems by 13.7% in the 4th quarter. Stanley Laman Group Ltd. now owns 29,293 shares of the technology company's stock worth $4,905,000 after buying an additional 3,519 shares in the last quarter. Van ECK Associates Corp raised its position in OSI Systems by 33.6% in the 4th quarter. Van ECK Associates Corp now owns 108,709 shares of the technology company's stock worth $18,201,000 after buying an additional 27,363 shares during the last quarter. Legato Capital Management LLC lifted its stake in OSI Systems by 3.1% during the 4th quarter. Legato Capital Management LLC now owns 14,616 shares of the technology company's stock valued at $2,447,000 after acquiring an additional 435 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of OSI Systems by 51.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 40,557 shares of the technology company's stock valued at $6,790,000 after acquiring an additional 13,826 shares during the last quarter. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity at OSI Systems

In other OSI Systems news, insider Paul Keith Morben sold 155 shares of the stock in a transaction dated 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 transaction, the insider now owns 10,077 shares of the company's stock, valued at $2,008,950.72. This represents a 1.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 completion of the sale, the chief executive officer now directly owns 404,323 shares in the company, valued at $75,875,254.18. This trade represents a 4.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have 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

NASDAQ OSIS traded up $3.83 on Friday, hitting $206.21. 269,365 shares of the company traded hands, compared to its average volume of 208,307. The business's 50 day moving average price is $186.62 and its 200-day moving average price is $164.66. OSI Systems, Inc. has a 52-week low of $126.57 and a 52-week high of $220.00. The company has a current ratio of 1.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $3.46 billion, a price-to-earnings ratio of 26.54, a P/E/G ratio of 1.81 and a beta of 1.19.

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on OSIS. 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 report on Friday, January 24th. Roth Mkm boosted their target price on shares of OSI Systems from $178.00 to $224.00 and gave the company a "buy" rating in a research note on Friday, January 24th. StockNews.com downgraded OSI Systems from a "hold" rating to a "sell" rating in a research note on Wednesday. Wells Fargo & Company lifted their price objective on OSI Systems from $172.00 to $202.00 and gave the stock an "overweight" rating in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. began coverage on OSI Systems in a report on Friday, February 21st. They issued a "neutral" rating and a $225.00 target price on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $212.00.

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.