OSI Systems, Inc. $OSIS Shares Sold by Nordea Investment Management AB

Key Points

• Nordea Investment Management reduced its position in OSI Systems by 12.5% in Q4, selling 6,896 shares and leaving it with 48,083 shares valued at about $12.59 million; institutional investors now own roughly 89.21% of the company.
• Director Deepak Chopra sold 20,000 shares on Feb. 2 at an average price of $250.91 (≈$5.02M), cutting his stake to 273,044 shares, and insiders collectively own about 4.30% of the stock.
• OSI beat quarterly expectations with EPS of $2.58 (vs. $2.52) and revenue of $464.06M (+10.5% y/y), and analysts maintain a consensus "Buy" rating with an average price target of $282 and several upward revisions up to $320.

Nordea Investment Management AB reduced its position in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 12.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 48,083 shares of the technology company's stock after selling 6,896 shares during the quarter. Nordea Investment Management AB owned about 0.28% of OSI Systems worth $12,589,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in OSI Systems by 519.8% during the first quarter. Royal Bank of Canada now owns 10,257 shares of the technology company's stock worth $1,993,000 after acquiring an additional 8,602 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of OSI Systems by 64.2% in the 1st quarter. AQR Capital Management LLC now owns 11,656 shares of the technology company's stock valued at $2,265,000 after purchasing an additional 4,558 shares in the last quarter. Strs Ohio purchased a new stake in shares of OSI Systems during the 1st quarter worth about $97,000. SG Americas Securities LLC purchased a new stake in shares of OSI Systems during the 2nd quarter worth about $582,000. Finally, Creative Planning increased its position in OSI Systems by 36.0% during the 2nd quarter. Creative Planning now owns 7,332 shares of the technology company's stock worth $1,649,000 after purchasing an additional 1,941 shares in the last quarter. Institutional investors and hedge funds own 89.21% of the company's stock.

Insiders Place Their Bets

In other OSI Systems news, Director Deepak Chopra sold 20,000 shares of the company's stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $250.91, for a total value of $5,018,200.00. Following the completion of the transaction, the director directly owned 273,044 shares of the company's stock, valued at $68,509,470.04. This represents a 6.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 4.30% of the stock is currently owned by insiders.

OSI Systems Stock Down 1.3%

Shares of NASDAQ:OSIS opened at $285.27 on Wednesday. The company has a market capitalization of $4.70 billion, a price-to-earnings ratio of 32.31, a price-to-earnings-growth ratio of 2.36 and a beta of 1.32. The company has a 50 day moving average of $277.50 and a two-hundred day moving average of $264.73. OSI Systems, Inc. has a 52-week low of $164.07 and a 52-week high of $306.12. The company has a quick ratio of 2.31, a current ratio of 3.15 and a debt-to-equity ratio of 1.18.

OSI Systems (NASDAQ:OSIS - Get Free Report) last posted its earnings results on Thursday, January 29th. The technology company reported $2.58 EPS for the quarter, topping analysts' consensus estimates of $2.52 by $0.06. The business had revenue of $464.06 million for the quarter, compared to analysts' expectations of $449.51 million. OSI Systems had a net margin of 8.52% and a return on equity of 18.58%. The business's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.42 earnings per share. As a group, analysts forecast that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on OSIS shares. JPMorgan Chase & Co. raised their price target on shares of OSI Systems from $255.00 to $262.00 and gave the company a "neutral" rating in a report on Monday, February 2nd. UBS Group set a $292.00 price objective on shares of OSI Systems in a research report on Monday, December 1st. Roth Mkm raised their target price on shares of OSI Systems from $292.00 to $295.00 and gave the company a "buy" rating in a research note on Friday, January 30th. Weiss Ratings upgraded shares of OSI Systems from a "buy (b)" rating to a "buy (a-)" rating in a report on Wednesday, March 11th. Finally, B. Riley Financial upped their price target on shares of OSI Systems from $300.00 to $320.00 and gave the stock a "buy" rating in a research report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $282.00.

OSI Systems Profile

OSI Systems, Inc NASDAQ: OSIS is a publicly traded technology company founded in 1987 and headquartered in Hawthorne, California. The company designs, develops and manufactures advanced security and inspection systems, optoelectronic devices and medical imaging equipment. Over its history, OSI Systems has grown its product offerings through internal research and development as well as strategic acquisitions, expanding its capabilities in mission-critical sensing and inspection technologies.

OSI Systems operates three primary business segments.

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