QRG Capital Management Inc. Sells 1,306 Shares of OSI Systems, Inc. $OSIS

Key Points

• QRG Capital Management Inc. reduced its holdings in OSI Systems by 45.1%, selling 1,306 shares, leaving it with 1,593 shares valued at $358,000.
• OSI Systems reported a quarterly earnings per share (EPS) of $3.24, exceeding analyst expectations, and the company’s revenue rose by 4.9% year-over-year.
• Insider transactions included Chairman Deepak Chopra selling 20,000 shares for approximately $4.92 million, indicating a 6.01% decrease in his position.

QRG Capital Management Inc. decreased its holdings in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 45.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,593 shares of the technology company's stock after selling 1,306 shares during the period. QRG Capital Management Inc.'s holdings in OSI Systems were worth $358,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Pure Financial Advisors LLC bought a new position in shares of OSI Systems in the 2nd quarter valued at $453,000. USA Financial Formulas bought a new position in shares of OSI Systems in the 2nd quarter valued at $55,000. State of Alaska Department of Revenue boosted its holdings in shares of OSI Systems by 7.4% during the 2nd quarter. State of Alaska Department of Revenue now owns 9,298 shares of the technology company's stock valued at $2,090,000 after acquiring an additional 641 shares in the last quarter. Oliver Luxxe Assets LLC boosted its holdings in shares of OSI Systems by 0.5% during the 2nd quarter. Oliver Luxxe Assets LLC now owns 22,984 shares of the technology company's stock valued at $5,168,000 after acquiring an additional 106 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of OSI Systems by 73.8% during the 2nd quarter. GAMMA Investing LLC now owns 278 shares of the technology company's stock valued at $63,000 after acquiring an additional 118 shares in the last quarter. Institutional investors own 89.21% of the company's stock.

OSI Systems Stock Down 3.2%

Shares of NASDAQ:OSIS opened at $241.50 on Friday. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of 27.76, a P/E/G ratio of 2.07 and a beta of 1.32. 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's 50-day moving average is $234.26 and its 200-day moving average is $221.16. OSI Systems, Inc. has a 1 year low of $129.84 and a 1 year high of $257.33.

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 company had revenue of $504.99 million for the quarter, compared to the consensus estimate of $497.22 million. OSI Systems had a return on equity of 18.69% and a net margin of 8.73%.The firm's revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.84 EPS. OSI Systems has set its FY 2026 guidance at 10.110-10.390 EPS. Equities research analysts predict that OSI Systems, Inc. will post 9.22 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Oppenheimer raised their price objective on OSI Systems from $270.00 to $280.00 and gave the company an "outperform" rating in a report on Friday, October 3rd. Weiss Ratings reissued a "buy (b)" rating on shares of OSI Systems in a report on Wednesday. B. Riley raised their price objective on OSI Systems from $255.00 to $260.00 and gave the company a "buy" rating in a report on Friday, August 22nd. Finally, Bank of America raised their price objective on OSI Systems from $250.00 to $265.00 and gave the company a "buy" rating in a report on Friday, September 26th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $247.50.

Insider Transactions at OSI Systems

In related news, Chairman Deepak Chopra sold 20,000 shares of the business's stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $245.80, for a total value of $4,916,000.00. Following the completion of the sale, the chairman directly owned 312,969 shares of the company's stock, valued at $76,927,780.20. The trade was a 6.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Paul Keith Morben sold 1,671 shares of the business's stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $236.76, for a total value of $395,625.96. Following the completion of the sale, the insider directly owned 8,749 shares of the company's stock, valued at $2,071,413.24. The trade was a 16.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.20% of the company's stock.

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.

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