First Hawaiian Bank Sells 4,777 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

First Hawaiian Bank reduced its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 58.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,437 shares of the technology company's stock after selling 4,777 shares during the period. First Hawaiian Bank's holdings in OSI Systems were worth $668,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of OSIS. Toronto Dominion Bank purchased a new position in shares of OSI Systems in the fourth quarter worth about $308,000. CSS LLC IL grew its position in OSI Systems by 322.2% during the 4th quarter. CSS LLC IL now owns 7,600 shares of the technology company's stock worth $1,272,000 after acquiring an additional 5,800 shares during the last quarter. Voloridge Investment Management LLC increased its stake in OSI Systems by 61.6% in the 4th quarter. Voloridge Investment Management LLC now owns 10,018 shares of the technology company's stock worth $1,677,000 after purchasing an additional 3,820 shares during the period. Two Sigma Investments LP lifted its position in OSI Systems by 188.2% in the fourth quarter. Two Sigma Investments LP now owns 26,557 shares of the technology company's stock valued at $4,446,000 after purchasing an additional 17,342 shares during the last quarter. Finally, State of Wyoming boosted its stake in shares of OSI Systems by 1.9% during the fourth quarter. State of Wyoming now owns 2,698 shares of the technology company's stock valued at $452,000 after purchasing an additional 51 shares during the period. 89.21% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Glenn Grindstaff sold 688 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $224.89, for a total transaction of $154,724.32. Following the completion of the transaction, the insider now owns 8,354 shares of the company's stock, valued at $1,878,731.06. This trade represents a 7.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William Francis Ballhaus, Jr. sold 933 shares of the business's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $219.77, for a total value of $205,045.41. Following the completion of the sale, the director now directly owns 24,805 shares in the company, valued at $5,451,394.85. This trade represents a 3.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,371 shares of company stock worth $9,547,230. 5.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

OSI Systems Stock Up 1.1%

Shares of OSIS traded up $2.46 on Wednesday, reaching $223.63. The stock had a trading volume of 202,116 shares, compared to its average volume of 195,965. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 1.88. OSI Systems, Inc. has a 12-month low of $129.18 and a 12-month high of $234.59. The firm has a market capitalization of $3.75 billion, a price-to-earnings ratio of 28.78, a price-to-earnings-growth ratio of 1.81 and a beta of 1.28. The company has a 50-day simple moving average of $207.78 and a 200-day simple moving average of $192.54.

OSI Systems (NASDAQ:OSIS - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $444.35 million during the quarter, compared to analyst estimates of $436.49 million. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. The company's revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.16 earnings per share. Sell-side analysts predict that OSI Systems, Inc. will post 9.22 EPS for the current 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.