Principal Financial Group Inc. Has $19.06 Million Position in OSI Systems, Inc. (NASDAQ:OSIS)

Principal Financial Group Inc. increased its stake in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 21.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 98,072 shares of the technology company's stock after purchasing an additional 17,018 shares during the period. Principal Financial Group Inc. owned 0.58% of OSI Systems worth $19,059,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Capital International Investors acquired a new position in shares of OSI Systems during the fourth quarter worth approximately $97,258,000. Mawer Investment Management Ltd. bought a new stake in OSI Systems during the 4th quarter valued at $63,171,000. Brown Advisory Inc. acquired a new position in OSI Systems during the 4th quarter worth $45,618,000. FMR LLC grew its stake in shares of OSI Systems by 31.6% in the fourth quarter. FMR LLC now owns 847,907 shares of the technology company's stock worth $141,965,000 after purchasing an additional 203,511 shares in the last quarter. Finally, Boston Partners increased its holdings in shares of OSI Systems by 34.7% during the fourth quarter. Boston Partners now owns 237,882 shares of the technology company's stock valued at $39,911,000 after purchasing an additional 61,304 shares during the period. Institutional investors and hedge funds own 89.21% of the company's stock.

Insiders Place Their Bets

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 value of $237,150.00. Following the completion of the sale, the director owned 11,214 shares in the company, valued at approximately $2,659,400.10. This represents a 8.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William Francis Ballhaus, Jr. sold 933 shares of the stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $219.77, for a total value of $205,045.41. Following the completion of the sale, the director owned 24,805 shares of the company's stock, valued at $5,451,394.85. The trade was a 3.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,371 shares of company stock valued at $9,784,380 over the last 90 days. 5.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

OSI Systems Price Performance

Shares of OSIS traded down $17.23 during trading hours on Friday, hitting $212.75. 289,691 shares of the company were exchanged, compared to its average volume of 209,781. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.11 and a quick ratio of 1.38. The company has a market capitalization of $3.57 billion, a PE ratio of 25.88, a PEG ratio of 1.99 and a beta of 1.27. The firm has a fifty day simple moving average of $225.01 and a 200-day simple moving average of $201.53. OSI Systems, Inc. has a one year low of $129.18 and a one year high of $241.64.

OSI Systems (NASDAQ:OSIS - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The technology company reported $2.44 earnings per share for the quarter, beating analysts' consensus estimates 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 18.37% and a net margin of 8.38%. OSI Systems's revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the company posted $2.16 EPS. As a group, sell-side analysts predict that OSI Systems, Inc. will post 9.22 earnings per share 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.