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Principal Financial Group Inc. Increases Holdings in OSI Systems, Inc. (NASDAQ:OSIS)

OSI Systems logo with Computer and Technology background

Principal Financial Group Inc. boosted its position in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 21.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 about 0.58% of OSI Systems worth $19,059,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC purchased a new position in OSI Systems in the first quarter valued at about $234,000. QRG Capital Management Inc. grew 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 valued at $563,000 after purchasing an additional 305 shares during the last quarter. Schroder Investment Management Group purchased a new position in shares of OSI Systems in the fourth quarter valued at $472,000. Deutsche Bank AG raised its stake in shares of OSI Systems by 47.3% during the 4th quarter. Deutsche Bank AG now owns 19,539 shares of the technology company's stock worth $3,271,000 after buying an additional 6,277 shares during the last quarter. Finally, Cibc World Markets Corp acquired a new position in shares of OSI Systems during the 4th quarter worth $248,000. Hedge funds and other institutional investors own 89.21% of the company's stock.

OSI Systems Trading Down 0.2%

OSIS stock traded down $0.45 during midday trading on Monday, hitting $212.30. The stock had a trading volume of 286,679 shares, compared to its average volume of 210,601. The company's 50-day moving average price is $224.60 and its 200 day moving average price is $202.42. 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 firm has a market cap of $3.56 billion, a PE ratio of 25.83, a price-to-earnings-growth ratio of 1.80 and a beta of 1.27. OSI Systems, Inc. has a 12-month low of $129.18 and a 12-month high of $241.64.

OSI Systems (NASDAQ:OSIS - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The technology company reported $2.44 EPS 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 the consensus estimate of $436.49 million. OSI Systems had a return on equity of 18.37% and a net margin of 8.38%. The business's revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.16 earnings per share. On average, equities research analysts predict that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Read Our Latest Research Report on OSI Systems

Insider Buying and Selling

In related news, Director William Francis Ballhaus, Jr. sold 750 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $228.88, for a total value of $171,660.00. Following the sale, the director directly owned 24,055 shares of the company's stock, valued at approximately $5,505,708.40. This trade represents a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Deepak Chopra sold 20,000 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $221.79, for a total transaction of $4,435,800.00. Following the transaction, the chairman directly owned 339,478 shares of the company's stock, valued at $75,292,825.62. This trade represents a 5.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,371 shares of company stock worth $9,784,380 over the last ninety days. Insiders own 5.20% of the company's stock.

About OSI Systems

(Free Report)

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.

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Institutional Ownership by Quarter for OSI Systems (NASDAQ:OSIS)

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