Northern Trust Corp Sells 1,711 Shares of OSI Systems, Inc. $OSIS

Key Points

• Northern Trust Corp decreased its stake in OSI Systems by 0.9%, selling 1,711 shares, and now owns approximately 1.07% of the company valued at $35 million.
• The company reported $3.24 EPS for its latest quarter, slightly exceeding the consensus estimate of $3.19, with revenue reaching $505 million.
• Analysts have a consensus rating of "Moderate Buy" for OSI Systems, with several raising their target prices recently, indicating strong confidence in the stock's future performance.

Northern Trust Corp cut its stake in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 0.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,263 shares of the technology company's stock after selling 1,711 shares during the period. Northern Trust Corp owned approximately 1.07% of OSI Systems worth $35,032,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. State of Wyoming increased its stake in shares of OSI Systems by 1.9% in the 4th 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 last quarter. Hohimer Wealth Management LLC grew its position in OSI Systems by 4.2% in the first quarter. Hohimer Wealth Management LLC now owns 1,927 shares of the technology company's stock valued at $374,000 after acquiring an additional 77 shares during the last quarter. National Bank of Canada FI grew its position in OSI Systems by 118.2% in the first 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 last quarter. Hsbc Holdings PLC raised its stake in OSI Systems by 2.8% during the fourth quarter. Hsbc Holdings PLC now owns 4,176 shares of the technology company's stock worth $701,000 after acquiring an additional 112 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of OSI Systems by 139.5% in the first quarter. Nisa Investment Advisors LLC now owns 194 shares of the technology company's stock worth $38,000 after acquiring an additional 113 shares during the last quarter. Institutional investors own 89.21% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on OSIS shares. Oppenheimer restated an "outperform" rating and issued a $270.00 target price on shares of OSI Systems in a research report on Friday, August 22nd. Wall Street Zen raised OSI Systems from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Finally, B. Riley boosted their price target on OSI Systems from $255.00 to $260.00 and gave the stock a "buy" rating 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 data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $230.83.

Insider Buying and Selling

In related news, Director Meyer/ Luskin sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $237.15, for a total transaction of $237,150.00. Following the sale, the director owned 11,214 shares of the company's stock, valued at approximately $2,659,400.10. This represents a 8.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.20% of the company's stock.

OSI Systems Stock Performance

Shares of NASDAQ OSIS traded down $2.08 during mid-day trading on Wednesday, reaching $230.58. 124,740 shares of the company's stock were exchanged, compared to its average volume of 222,975. The firm has a 50-day moving average price of $224.16 and a two-hundred day moving average price of $212.82. 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, Inc. has a 52 week low of $129.84 and a 52 week high of $241.64. The firm has a market capitalization of $3.88 billion, a price-to-earnings ratio of 26.50, a price-to-earnings-growth ratio of 1.91 and a beta of 1.30.

OSI Systems (NASDAQ:OSIS - Get Free Report) last announced its quarterly earnings data on Thursday, August 21st. The technology company reported $3.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm's quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business 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 year.

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.