OSI Systems, Inc. (NASDAQ:OSIS) Shares Sold by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. lowered its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 10.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,329 shares of the technology company's stock after selling 2,964 shares during the quarter. OSI Systems accounts for about 0.8% of Stanley Laman Group Ltd.'s portfolio, making the stock its 29th largest position. Stanley Laman Group Ltd. owned 0.16% of OSI Systems worth $5,117,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of OSIS. Allspring Global Investments Holdings LLC lifted its stake in OSI Systems by 51.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 40,557 shares of the technology company's stock worth $6,790,000 after acquiring an additional 13,826 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of OSI Systems by 33.6% during the fourth quarter. Van ECK Associates Corp now owns 108,709 shares of the technology company's stock worth $18,201,000 after purchasing an additional 27,363 shares in the last quarter. Principal Securities Inc. lifted its holdings in OSI Systems by 30.8% during the 4th quarter. Principal Securities Inc. now owns 4,433 shares of the technology company's stock worth $742,000 after buying an additional 1,045 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of OSI Systems by 1.6% in the 4th quarter. Principal Financial Group Inc. now owns 81,054 shares of the technology company's stock valued at $13,571,000 after acquiring an additional 1,261 shares during the last quarter. Finally, Truist Financial Corp raised its position in shares of OSI Systems by 58.7% during the 4th quarter. Truist Financial Corp now owns 8,216 shares of the technology company's stock worth $1,376,000 after acquiring an additional 3,039 shares in the last quarter. 89.21% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director William Francis Ballhaus, Jr. sold 933 shares of the business's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $219.77, for a total value of $205,045.41. Following the completion of the sale, the director now directly owns 24,805 shares of the company's stock, valued at $5,451,394.85. The trade was a 3.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Deepak Chopra sold 20,000 shares of the company's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $221.79, for a total value of $4,435,800.00. Following the sale, the chairman now owns 339,478 shares in the company, valued at $75,292,825.62. The trade was a 5.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,371 shares of company stock worth $9,784,380 over the last ninety days. 5.20% of the stock is owned by company insiders.

OSI Systems Price Performance

Shares of NASDAQ OSIS traded down $7.04 during trading on Friday, reaching $229.54. The company had a trading volume of 247,457 shares, compared to its average volume of 199,277. The company has a current ratio of 1.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.56. OSI Systems, Inc. has a twelve month low of $129.18 and a twelve month high of $241.64. The stock has a 50-day moving average price of $213.05 and a two-hundred day moving average price of $195.44. The stock has a market capitalization of $3.85 billion, a PE ratio of 29.54, a price-to-earnings-growth ratio of 1.81 and a beta of 1.28.

OSI Systems (NASDAQ:OSIS - Get Free Report) last announced its earnings results on Thursday, May 1st. The technology company reported $2.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.38 by $0.06. The firm had revenue of $444.35 million for the quarter, compared to analyst estimates of $436.49 million. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. OSI Systems's revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the business earned $2.16 earnings per share. As a group, sell-side analysts predict that OSI Systems, Inc. will post 9.22 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on OSIS shares. Wall Street Zen raised OSI Systems from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Roth Mkm raised their price target on OSI Systems from $224.00 to $245.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. started coverage on OSI Systems in a research report on Friday, February 21st. They set a "neutral" rating and a $225.00 price target on the stock. Oppenheimer increased their price objective on OSI Systems from $225.00 to $260.00 and gave the company an "outperform" rating in a report on Monday, May 5th. Finally, B. Riley reaffirmed a "buy" rating and issued a $255.00 target price (up from $221.00) on shares of OSI Systems in a report on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, OSI Systems presently has an average rating of "Moderate Buy" and a consensus target price of $228.33.

OSI Systems Company 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.