Principal Financial Group Inc. Trims Stock Position in OSI Systems, Inc. (NASDAQ:OSIS)

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

A number of other large investors have also recently made changes to their positions in the business. Arizona State Retirement System lifted its stake in shares of OSI Systems by 2.2% in the second quarter. Arizona State Retirement System now owns 4,532 shares of the technology company's stock valued at $623,000 after buying an additional 97 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of OSI Systems by 1.3% in the second quarter. Louisiana State Employees Retirement System now owns 7,900 shares of the technology company's stock valued at $1,086,000 after buying an additional 100 shares in the last quarter. US Bancorp DE lifted its stake in shares of OSI Systems by 4.8% in the third quarter. US Bancorp DE now owns 2,418 shares of the technology company's stock valued at $367,000 after buying an additional 111 shares in the last quarter. Inspire Investing LLC lifted its stake in shares of OSI Systems by 7.9% in the third quarter. Inspire Investing LLC now owns 2,741 shares of the technology company's stock valued at $416,000 after buying an additional 200 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of OSI Systems by 5.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,901 shares of the technology company's stock valued at $536,000 after buying an additional 202 shares in the last quarter. 89.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on OSIS shares. B. Riley raised their price target on shares of OSI Systems from $165.00 to $180.00 and gave the company a "buy" rating in a research report on Friday, August 23rd. Bank of America started coverage on shares of OSI Systems in a research report on Monday, September 30th. They set a "buy" rating and a $175.00 price target on the stock. Roth Mkm raised their price target on shares of OSI Systems from $172.00 to $178.00 and gave the company a "buy" rating in a research report on Friday, August 23rd. Finally, Wells Fargo & Company raised their price target on shares of OSI Systems from $170.00 to $172.00 and gave the company an "overweight" rating in a research report on Tuesday, October 29th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $173.00.

Insider Transactions at OSI Systems

In other news, insider Paul Keith Morben sold 1,107 shares of OSI Systems stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $145.04, for a total value of $160,559.28. Following the completion of the transaction, the insider now owns 10,077 shares in the company, valued at $1,461,568.08. This trade represents a 9.90 % decrease in their ownership of the stock. 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 15,000 shares of OSI Systems stock in a transaction dated 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 completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold 41,107 shares of company stock worth $6,071,809 over the last quarter. Corporate insiders own 5.20% of the company's stock.

OSI Systems Stock Performance

NASDAQ OSIS traded up $1.52 during trading hours on Monday, reaching $152.22. 371,027 shares of the company were exchanged, compared to its average volume of 124,840. OSI Systems, Inc. has a 1 year low of $117.07 and a 1 year high of $158.69. The business's 50 day simple moving average is $144.31 and its 200-day simple moving average is $142.18. The company has a quick ratio of 1.20, a current ratio of 1.84 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $2.54 billion, a P/E ratio of 19.67, a P/E/G ratio of 1.30 and a beta of 1.10.

OSI Systems (NASDAQ:OSIS - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The technology company reported $1.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.19. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. The business had revenue of $344.01 million during the quarter, compared to the consensus estimate of $318.66 million. During the same quarter last year, the company posted $0.91 earnings per share. The firm's quarterly revenue was up 23.2% compared to the same quarter last year. On average, equities research analysts expect that OSI Systems, Inc. will post 9.12 earnings per share for the current 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.