Nordea Investment Management AB increased its position in OSI Systems, Inc. (NASDAQ:OSIS – Free Report) by 3.6% during the third quarter, Holdings Channel reports. The firm owned 54,979 shares of the technology company’s stock after buying an additional 1,915 shares during the quarter. Nordea Investment Management AB’s holdings in OSI Systems were worth $13,319,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Bessemer Group Inc. increased its position in OSI Systems by 78.7% during the second quarter. Bessemer Group Inc. now owns 134 shares of the technology company’s stock worth $30,000 after buying an additional 59 shares during the last quarter. Salomon & Ludwin LLC acquired a new position in shares of OSI Systems during the 3rd quarter worth approximately $32,000. USA Financial Formulas bought a new stake in OSI Systems in the 2nd quarter valued at $55,000. GAMMA Investing LLC raised its stake in OSI Systems by 73.8% in the 2nd quarter. GAMMA Investing LLC now owns 278 shares of the technology company’s stock valued at $63,000 after acquiring an additional 118 shares during the period. Finally, Nisa Investment Advisors LLC lifted its holdings in OSI Systems by 28.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 256 shares of the technology company’s stock valued at $64,000 after purchasing an additional 57 shares during the last quarter. Institutional investors own 89.21% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the stock. Roth Capital increased their price objective on shares of OSI Systems from $280.00 to $292.00 and gave the company a “buy” rating in a research report on Monday, December 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of OSI Systems in a research note on Wednesday, October 8th. UBS Group set a $292.00 price objective on shares of OSI Systems in a research report on Monday, December 1st. Bank of America upped their target price on OSI Systems from $265.00 to $315.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Finally, Oppenheimer increased their target price on OSI Systems from $270.00 to $280.00 and gave the stock an “outperform” rating in a research note on Friday, October 3rd. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $268.63.
OSI Systems Stock Up 1.4%
Shares of OSIS opened at $290.80 on Friday. The company has a current ratio of 1.87, a quick ratio of 1.29 and a debt-to-equity ratio of 0.46. OSI Systems, Inc. has a 12 month low of $153.40 and a 12 month high of $293.22. The firm’s 50 day moving average is $268.02 and its 200-day moving average is $246.81. The stock has a market capitalization of $4.94 billion, a PE ratio of 32.93, a P/E/G ratio of 2.38 and a beta of 1.35.
OSI Systems (NASDAQ:OSIS – Get Free Report) last issued its quarterly earnings results on Thursday, October 30th. The technology company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.05. OSI Systems had a return on equity of 18.25% and a net margin of 8.68%.The business had revenue of $384.62 million during the quarter, compared to analysts’ expectations of $372.03 million. During the same period in the previous year, the company posted $1.25 earnings per share. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. OSI Systems has set its FY 2026 guidance at 10.200-10.480 EPS. Equities research analysts forecast that OSI Systems, Inc. will post 9.22 EPS for the current year.
Insider Transactions at OSI Systems
In related news, insider Paul Keith Morben sold 416 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $279.10, for a total transaction of $116,105.60. Following the completion of the sale, the insider owned 8,540 shares of the company’s stock, valued at $2,383,514. This represents a 4.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $285.74, for a total transaction of $5,714,800.00. Following the completion of the transaction, the chairman directly owned 292,969 shares in the company, valued at approximately $83,712,962.06. This represents a 6.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 21,916 shares of company stock valued at $6,255,631. 4.30% of the stock is owned by corporate insiders.
OSI Systems Profile
OSI Systems, Inc (NASDAQ: OSIS) is a publicly traded technology company founded in 1987 and headquartered in Hawthorne, California. The company designs, develops and manufactures advanced security and inspection systems, optoelectronic devices and medical imaging equipment. Over its history, OSI Systems has grown its product offerings through internal research and development as well as strategic acquisitions, expanding its capabilities in mission-critical sensing and inspection technologies.
OSI Systems operates three primary business segments.
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