First Hawaiian Bank Has $668,000 Position in OSI Systems, Inc. $OSIS

Key Points

• First Hawaiian Bank has reduced its stake in OSI Systems, Inc. by 58.2%, ending the 1st quarter with holdings worth $668,000.
• Wall Street analysts have a consensus rating of "Moderate Buy" for OSI Systems, with target prices ranging from $230.83 to $270.00.
• OSI Systems reported $3.24 earnings per share for the last quarter, exceeding expectations and showing a 4.9% year-over-year revenue growth.

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

Other hedge funds also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC bought a new stake in OSI Systems in the first quarter valued at $234,000. QRG Capital Management Inc. lifted its holdings in OSI Systems by 11.8% in the first 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. TradeLink Capital LLC acquired a new stake in OSI Systems in the first quarter worth about $445,000. Informed Momentum Co LLC acquired a new stake in OSI Systems in the first quarter worth about $4,752,000. Finally, Primecap Management Co. CA lifted its holdings in OSI Systems by 12.3% in 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. 89.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Paul Keith Morben sold 1,671 shares of the stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $236.76, for a total value of $395,625.96. Following the transaction, the insider owned 8,749 shares in the company, valued at approximately $2,071,413.24. This represents a 16.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 5.20% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. B. Riley upped their price target on shares of OSI Systems from $255.00 to $260.00 and gave the company a "buy" rating in a report on Friday, August 22nd. Oppenheimer reissued an "outperform" rating and issued a $270.00 price target on shares of OSI Systems in a report on Friday, August 22nd. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $230.83.

OSI Systems Stock Down 2.9%

Shares of OSIS traded down $7.01 during trading hours on Friday, reaching $235.44. The company's stock had a trading volume of 453,978 shares, compared to its average volume of 141,210. The firm has a market cap of $3.96 billion, a price-to-earnings ratio of 27.06, a P/E/G ratio of 2.01 and a beta of 1.30. OSI Systems, Inc. has a 1-year low of $129.84 and a 1-year high of $244.49. The company has a quick ratio of 1.46, a current ratio of 2.04 and a debt-to-equity ratio of 0.49. The company has a 50 day moving average of $227.03 and a two-hundred day moving average of $215.43.

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, beating analysts' consensus estimates of $3.19 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 $504.99 million for the quarter, compared to the consensus estimate of $497.22 million. During the same quarter in the prior year, the company earned $2.84 EPS. The firm's quarterly revenue was up 4.9% on a year-over-year basis. OSI Systems has set its FY 2026 guidance at 10.110-10.390 EPS. As a group, research analysts predict that OSI Systems, Inc. will post 9.22 EPS 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.