Asset Management One Co. Ltd. Has $10.21 Million Position in OSI Systems, Inc. (NASDAQ:OSIS)

Asset Management One Co. Ltd. raised its holdings in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 5.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 52,548 shares of the technology company's stock after buying an additional 2,642 shares during the period. Asset Management One Co. Ltd. owned 0.31% of OSI Systems worth $10,212,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in OSIS. Principal Financial Group Inc. increased its stake in OSI Systems by 1.6% in the 4th quarter. Principal Financial Group Inc. now owns 81,054 shares of the technology company's stock valued at $13,571,000 after buying an additional 1,261 shares during the last quarter. Truist Financial Corp increased its stake in OSI Systems by 58.7% in the 4th quarter. Truist Financial Corp now owns 8,216 shares of the technology company's stock valued at $1,376,000 after buying an additional 3,039 shares during the last quarter. Global Retirement Partners LLC grew its position in shares of OSI Systems by 80.1% in the 4th quarter. Global Retirement Partners LLC now owns 861 shares of the technology company's stock valued at $144,000 after acquiring an additional 383 shares during the period. Proficio Capital Partners LLC bought a new position in shares of OSI Systems in the 4th quarter valued at about $4,934,000. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of OSI Systems by 36.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 768 shares of the technology company's stock worth $129,000 after buying an additional 207 shares during the period. 89.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director William Francis Ballhaus, Jr. sold 933 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $219.77, for a total value of $205,045.41. Following the completion of the transaction, the director now owns 24,805 shares of the company's stock, valued at $5,451,394.85. This represents a 3.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Deepak Chopra sold 20,000 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $221.79, for a total transaction of $4,435,800.00. Following the completion of the transaction, the chairman now directly owns 339,478 shares of the company's stock, valued at approximately $75,292,825.62. The trade was a 5.56% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,371 shares of company stock worth $9,784,380. 5.20% of the stock is currently owned by corporate insiders.

OSI Systems Price Performance

Shares of NASDAQ:OSIS traded down $0.46 during midday trading on Friday, hitting $224.05. The stock had a trading volume of 232,737 shares, compared to its average volume of 204,814. The company's 50-day moving average price is $219.76 and its 200-day moving average price is $198.39. The company has a market capitalization of $3.76 billion, a P/E ratio of 27.26, a price-to-earnings-growth ratio of 1.95 and a beta of 1.28. The company has a quick ratio of 1.38, a current ratio of 2.11 and a debt-to-equity ratio of 0.53. OSI Systems, Inc. has a fifty-two week low of $129.18 and a fifty-two week high of $241.64.

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

Analyst Upgrades and Downgrades

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

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.