Swedbank AB Sells 20,000 Shares of OSI Systems, Inc. $OSIS

Key Points

• Swedbank AB reduced its stock holdings in OSI Systems, Inc. by 15.4%, owning 110,000 shares worth approximately $24.7 million after selling 20,000 shares in the second quarter.
• OSI Systems reported an earnings per share (EPS) of $3.24 for the quarter, surpassing analyst expectations of $3.19, and reported revenues of $504.99 million.
• Shares of OSI Systems are currently down 2.9%, with a market cap of $3.96 billion and an average price target set at $230.83 by analysts.

Swedbank AB reduced its holdings in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 15.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,000 shares of the technology company's stock after selling 20,000 shares during the period. Swedbank AB owned about 0.66% of OSI Systems worth $24,735,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in OSI Systems by 161.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 877,393 shares of the technology company's stock worth $170,513,000 after buying an additional 541,882 shares during the last quarter. T. Rowe Price Investment Management Inc. acquired a new stake in shares of OSI Systems in the 1st quarter valued at $39,686,000. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in OSI Systems by 1,202.6% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 125,050 shares of the technology company's stock valued at $27,328,000 after buying an additional 115,450 shares in the last quarter. Mawer Investment Management Ltd. lifted its position in shares of OSI Systems by 22.2% in the first quarter. Mawer Investment Management Ltd. now owns 461,022 shares of the technology company's stock worth $89,595,000 after buying an additional 83,724 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of OSI Systems during the 1st quarter worth about $15,546,000. 89.21% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at OSI Systems

In related news, insider Paul Keith Morben sold 1,671 shares of the business's stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $236.76, for a total transaction of $395,625.96. Following the transaction, the insider directly owned 8,749 shares in the company, valued at approximately $2,071,413.24. The trade was a 16.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.20% of the company's stock.

OSI Systems Price Performance

Shares of OSI Systems stock traded up $3.21 during mid-day trading on Tuesday, reaching $240.73. 23,538 shares of the stock were exchanged, compared to its average volume of 216,588. The company has a current ratio of 2.04, a quick ratio of 1.46 and a debt-to-equity ratio of 0.49. The company has a market cap of $4.05 billion, a price-to-earnings ratio of 27.67, a price-to-earnings-growth ratio of 1.95 and a beta of 1.30. The firm has a 50-day simple moving average of $227.53 and a 200 day simple moving average of $216.28. OSI Systems, Inc. has a fifty-two week low of $129.84 and a fifty-two week high of $244.49.

OSI Systems (NASDAQ:OSIS - Get Free Report) last posted its quarterly earnings data on Thursday, August 21st. The technology company reported $3.24 earnings per share for the quarter, beating 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 firm had revenue of $504.99 million during the quarter, compared to analysts' expectations of $497.22 million. During the same quarter last year, the company posted $2.84 EPS. The company's quarterly revenue was up 4.9% compared to the same quarter last year. OSI Systems has set its FY 2026 guidance at 10.110-10.390 EPS. On average, sell-side analysts predict that OSI Systems, Inc. will post 9.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on OSIS. Oppenheimer reissued an "outperform" rating and issued a $270.00 price objective on shares of OSI Systems in a research note on Friday, August 22nd. B. Riley raised their price objective on OSI Systems from $255.00 to $260.00 and gave the company a "buy" rating in a research note on Friday, August 22nd. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, OSI Systems presently has an average rating of "Moderate Buy" and a consensus price target of $230.83.

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.