Dimensional Fund Advisors LP Sells 159,401 Shares of OSI Systems, Inc. $OSIS

Key Points

• Dimensional Fund Advisors LP reduced its stake in OSI Systems by 21.2% during the first quarter, holding 590,774 shares worth approximately $114.8 million.
• Several institutional investors, including National Bank of Canada and Nisa Investment Advisors, significantly increased their holdings in OSI Systems, with some rising by over 100%.
• Brokerages have raised their price targets for OSI Systems, with Roth Mkm setting a new target of $245.00, reflecting a positive outlook from multiple analysts.

Dimensional Fund Advisors LP decreased its position in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 21.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 590,774 shares of the technology company's stock after selling 159,401 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.52% of OSI Systems worth $114,807,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of OSIS. Wells Fargo & Company MN increased its position in shares of OSI Systems by 29.4% during the fourth quarter. Wells Fargo & Company MN now owns 10,381 shares of the technology company's stock valued at $1,738,000 after buying an additional 2,359 shares during the period. Raymond James Financial Inc. purchased a new position in shares of OSI Systems during the fourth quarter valued at about $1,840,000. Marshall Wace LLP increased its position in shares of OSI Systems by 5.0% during the fourth quarter. Marshall Wace LLP now owns 29,579 shares of the technology company's stock valued at $4,952,000 after buying an additional 1,421 shares during the period. First Trust Advisors LP increased its position in shares of OSI Systems by 20.5% during the fourth quarter. First Trust Advisors LP now owns 26,054 shares of the technology company's stock valued at $4,362,000 after buying an additional 4,430 shares during the period. Finally, MetLife Investment Management LLC increased its position in shares of OSI Systems by 0.7% during the fourth quarter. MetLife Investment Management LLC now owns 9,401 shares of the technology company's stock valued at $1,574,000 after buying an additional 61 shares during the period. Hedge funds and other institutional investors own 89.21% of the company's stock.

Wall Street Analyst Weigh In

OSIS has been the topic of several research analyst reports. Oppenheimer reiterated an "outperform" rating and set a $270.00 price target on shares of OSI Systems in a research report on Friday. Roth Mkm boosted their price target on shares of OSI Systems from $224.00 to $245.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. B. Riley boosted their price target on shares of OSI Systems from $255.00 to $260.00 and gave the company a "buy" rating in a research report on Friday, August 22nd. Finally, Wall Street Zen upgraded shares of OSI Systems from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Five 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, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $230.83.

Insider Activity

In other 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 value of $237,150.00. Following the transaction, the director owned 11,214 shares in the company, valued at approximately $2,659,400.10. This represents a 8.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 5.20% of the company's stock.

OSI Systems Stock Up 0.6%

NASDAQ:OSIS traded up $1.35 during mid-day trading on Wednesday, hitting $232.13. 82,032 shares of the company's stock were exchanged, compared to its average volume of 224,334. OSI Systems, Inc. has a one year low of $129.84 and a one year high of $241.64. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.04 and a quick ratio of 1.46. The business has a fifty day moving average price of $222.74 and a 200 day moving average price of $212.08. The company has a market cap of $3.90 billion, a PE ratio of 26.68, a P/E/G ratio of 1.87 and a beta of 1.31.

OSI Systems (NASDAQ:OSIS - Get Free Report) last posted its quarterly earnings data on Thursday, August 21st. The technology company reported $3.24 EPS for the quarter, topping the consensus estimate of $3.19 by $0.05. OSI Systems had a net margin of 8.73% and a return on equity of 18.69%. The business had revenue of $504.99 million for the quarter, compared to analyst estimates of $497.22 million. During the same quarter in the previous year, the firm posted $2.84 earnings per share. OSI Systems'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. Equities 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.