Cookson Peirce & Co. Inc. Makes New $1.19 Million Investment in OSI Systems, Inc. $OSIS

Key Points

• Cookson Peirce & Co. Inc. has made a new investment of approximately $1.19 million in OSI Systems, purchasing 5,285 shares during the second quarter.
• Oppenheimer has upgraded its target price on OSI Systems from $270.00 to $280.00, with a consensus rating of "Moderate Buy" from six analysts.
• In recent insider trading, chairman Deepak Chopra sold 20,000 shares valued at around $4.92 million, representing a 6.01% decrease in his position.

Cookson Peirce & Co. Inc. bought a new stake in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,285 shares of the technology company's stock, valued at approximately $1,188,000.

A number of other institutional investors have also recently modified their holdings of OSIS. National Bank of Canada FI grew its position in shares of OSI Systems by 118.2% during the 1st quarter. National Bank of Canada FI now owns 144 shares of the technology company's stock valued at $28,000 after acquiring an additional 78 shares during the period. Nisa Investment Advisors LLC grew its position in shares of OSI Systems by 139.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 194 shares of the technology company's stock valued at $38,000 after acquiring an additional 113 shares during the period. Virtus Advisers LLC acquired a new stake in shares of OSI Systems during the 1st quarter valued at about $43,000. USA Financial Formulas acquired a new stake in shares of OSI Systems during the 2nd quarter valued at about $55,000. Finally, GAMMA Investing LLC grew its position in shares of OSI Systems by 73.8% during 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. 89.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Oppenheimer raised their target price on OSI Systems from $270.00 to $280.00 and gave the company an "outperform" rating in a research report on Friday, October 3rd. Weiss Ratings reiterated a "buy (b)" rating on shares of OSI Systems in a report on Wednesday, October 8th. B. Riley lifted their price objective on OSI Systems from $255.00 to $260.00 and gave the stock a "buy" rating in a report on Friday, August 22nd. Finally, Bank of America lifted their price objective on OSI Systems from $250.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, September 26th. Six 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 presently has a consensus rating of "Moderate Buy" and an average price target of $247.50.

OSI Systems Trading Down 3.4%

Shares of OSI Systems stock opened at $243.19 on Thursday. The stock has a market cap of $4.09 billion, a P/E ratio of 27.95, a P/E/G ratio of 2.16 and a beta of 1.32. The stock's 50 day simple moving average is $238.03 and its 200-day simple moving average is $224.19. OSI Systems, Inc. has a 1-year low of $129.84 and a 1-year high of $257.41. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.04 and a quick ratio of 1.46.

OSI Systems (NASDAQ:OSIS - Get Free Report) last issued its earnings results on Thursday, August 21st. The technology company reported $3.24 earnings per share for the quarter, topping the consensus estimate of $3.19 by $0.05. The business had revenue of $504.99 million for the quarter, compared to analysts' expectations of $497.22 million. OSI Systems had a return on equity of 18.69% and a net margin of 8.73%.The business's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.84 EPS. OSI Systems has set its FY 2026 guidance at 10.110-10.390 EPS. Analysts predict that OSI Systems, Inc. will post 9.22 EPS for the current fiscal year.

Insider Activity at OSI Systems

In other news, insider Paul Keith Morben sold 1,671 shares of OSI Systems stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $236.76, for a total transaction of $395,625.96. Following the sale, the insider owned 8,749 shares of the company's stock, valued at approximately $2,071,413.24. The trade was a 16.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $245.80, for a total transaction of $4,916,000.00. Following the sale, the chairman directly owned 312,969 shares in the company, valued at approximately $76,927,780.20. The trade was a 6.01% decrease in their position. The disclosure for this sale can be found here. Insiders own 5.20% of the company's stock.

OSI Systems Company 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.

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