Allspring Global Investments Holdings LLC Trims Holdings in OSI Systems, Inc. (NASDAQ:OSIS)

Allspring Global Investments Holdings LLC decreased its position in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 17.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,658 shares of the technology company's stock after selling 6,899 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.20% of OSI Systems worth $6,541,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sequoia Financial Advisors LLC bought a new stake in shares of OSI Systems during the 1st quarter valued at about $234,000. QRG Capital Management Inc. raised its stake in shares of OSI Systems by 11.8% during the 1st quarter. QRG Capital Management Inc. now owns 2,899 shares of the technology company's stock worth $563,000 after purchasing an additional 305 shares during the period. Schroder Investment Management Group purchased a new position in OSI Systems in the fourth quarter valued at approximately $472,000. Smartleaf Asset Management LLC increased its stake in shares of OSI Systems by 243.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company's stock worth $46,000 after purchasing an additional 195 shares in the last quarter. Finally, Deutsche Bank AG lifted its holdings in OSI Systems by 47.3% during the 4th quarter. Deutsche Bank AG now owns 19,539 shares of the technology company's stock worth $3,271,000 after purchasing an additional 6,277 shares in the last quarter. Institutional investors own 89.21% of the company's stock.

Insider Activity at OSI Systems

In other OSI Systems news, CFO Alan I. Edrick sold 20,000 shares of OSI Systems stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $229.00, for a total transaction of $4,580,000.00. Following the sale, the chief financial officer directly owned 284,953 shares of the company's stock, valued at approximately $65,254,237. The trade was a 6.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Deepak Chopra sold 20,000 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $221.79, for a total value of $4,435,800.00. Following the completion of the transaction, the chairman directly owned 339,478 shares of the company's stock, valued at $75,292,825.62. This represents a 5.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,371 shares of company stock valued at $9,784,380 over the last three months. Corporate insiders own 5.20% of the company's stock.

OSI Systems Trading Down 5.8%

NASDAQ:OSIS traded down $13.27 during trading hours on Friday, reaching $215.37. The company's stock had a trading volume of 70,187 shares, compared to its average volume of 206,841. The firm has a 50-day simple moving average of $223.08 and a 200-day simple moving average of $200.12. OSI Systems, Inc. has a 1 year low of $129.18 and a 1 year high of $241.64. The firm has a market capitalization of $3.62 billion, a price-to-earnings ratio of 26.20, a PEG ratio of 1.97 and a beta of 1.27. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.38 and a current ratio of 2.11.

OSI Systems (NASDAQ:OSIS - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The technology company reported $2.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.38 by $0.06. The company had revenue of $444.35 million for the quarter, compared to the consensus estimate of $436.49 million. OSI Systems had a return on equity of 18.37% and a net margin of 8.38%. OSI Systems's revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.16 EPS. Research analysts expect that OSI Systems, Inc. will post 9.22 EPS for the current fiscal year.

Analysts Set New Price Targets

OSIS has been the topic of a number of recent analyst reports. B. Riley reiterated a "buy" rating and issued a $255.00 price objective (up previously from $221.00) on shares of OSI Systems in a research report on Friday, May 2nd. Wells Fargo & Company dropped their price target on OSI Systems from $220.00 to $210.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Wall Street Zen raised OSI Systems from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Oppenheimer raised their target price on shares of OSI Systems from $225.00 to $260.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. Finally, Roth Mkm lifted their target price on shares of OSI Systems from $224.00 to $245.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $228.33.

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.