OSI Systems, Inc. $OSIS Shares Sold by Wakefield Asset Management LLLP

Wakefield Asset Management LLLP cut its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 29.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,984 shares of the technology company’s stock after selling 2,031 shares during the quarter. Wakefield Asset Management LLLP’s holdings in OSI Systems were worth $1,121,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of OSI Systems by 161.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 877,393 shares of the technology company’s stock worth $170,513,000 after purchasing an additional 541,882 shares during the period. Mawer Investment Management Ltd. lifted its holdings in shares of OSI Systems by 22.2% during the first quarter. Mawer Investment Management Ltd. now owns 461,022 shares of the technology company’s stock worth $89,595,000 after purchasing an additional 83,724 shares during the period. Clark Capital Management Group Inc. lifted its holdings in shares of OSI Systems by 1.9% during the first quarter. Clark Capital Management Group Inc. now owns 369,473 shares of the technology company’s stock worth $71,803,000 after purchasing an additional 6,761 shares during the period. Primecap Management Co. CA lifted its holdings in shares of OSI Systems by 12.3% during the first quarter. Primecap Management Co. CA now owns 334,330 shares of the technology company’s stock worth $64,974,000 after purchasing an additional 36,620 shares during the period. Finally, Brown Advisory Inc. lifted its holdings in shares of OSI Systems by 2.3% during the first quarter. Brown Advisory Inc. now owns 278,790 shares of the technology company’s stock worth $54,180,000 after purchasing an additional 6,332 shares during the period. 89.21% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Chairman Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $245.80, for a total value of $4,916,000.00. Following the completion of the transaction, the chairman owned 312,969 shares in the company, valued at $76,927,780.20. This trade represents a 6.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Paul Keith Morben sold 1,671 shares of the firm’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $236.76, for a total value of $395,625.96. Following the completion of the transaction, the insider owned 8,749 shares of the company’s stock, valued at approximately $2,071,413.24. This represents a 16.04% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 4.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on OSIS shares. Oppenheimer increased their price target on OSI Systems from $270.00 to $280.00 and gave the stock an “outperform” rating in a report on Friday, October 3rd. Roth Capital reaffirmed a “buy” rating and set a $280.00 price target on shares of OSI Systems in a report on Wednesday. B. Riley increased their price target on OSI Systems from $255.00 to $260.00 and gave the stock a “buy” rating in a report on Friday, August 22nd. Bank of America raised their target price on OSI Systems from $250.00 to $265.00 and gave the company a “buy” rating in a report on Friday, September 26th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of OSI Systems in a report on Wednesday, October 8th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $252.14.

OSI Systems Price Performance

OSI Systems stock opened at $278.46 on Friday. OSI Systems, Inc. has a one year low of $131.34 and a one year high of $282.54. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.46 and a current ratio of 2.04. The business has a fifty day moving average of $241.62 and a two-hundred day moving average of $228.06. The company has a market cap of $4.73 billion, a P/E ratio of 32.01, a price-to-earnings-growth ratio of 2.13 and a beta of 1.32.

OSI Systems (NASDAQ:OSIS) last released its earnings results on Thursday, October 30th. The technology company reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.05. OSI Systems had a return on equity of 18.69% and a net margin of 8.73%.The company had revenue of $384.62 million during the quarter, compared to the consensus estimate of $372.03 million. During the same quarter last year, the company earned $1.25 earnings per share. OSI Systems’s quarterly revenue 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. As a group, analysts predict that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

OSI Systems 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.