Swedbank AB Cuts Stock Holdings in 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 position in shares of 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 0.66% of OSI Systems worth $24,735,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of OSI Systems by 1,202.6% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 125,050 shares of the technology company's stock valued at $27,328,000 after purchasing an additional 115,450 shares in the last quarter. Voya Investment Management LLC lifted its stake in OSI Systems by 24.1% during the first quarter. Voya Investment Management LLC now owns 5,910 shares of the technology company's stock worth $1,149,000 after purchasing an additional 1,147 shares in the last quarter. Rhumbline Advisers lifted its stake in OSI Systems by 2.1% during the first quarter. Rhumbline Advisers now owns 45,234 shares of the technology company's stock worth $8,791,000 after purchasing an additional 912 shares in the last quarter. Strs Ohio acquired a new position in OSI Systems during the first quarter worth $97,000. Finally, Intech Investment Management LLC lifted its stake in OSI Systems by 15.4% during the first quarter. Intech Investment Management LLC now owns 9,233 shares of the technology company's stock worth $1,794,000 after purchasing an additional 1,233 shares in the last quarter. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on OSIS. Oppenheimer restated an "outperform" rating and set a $270.00 price target on shares of OSI Systems in a research note on Friday, August 22nd. B. Riley upped their price target on OSI Systems from $255.00 to $260.00 and gave the stock a "buy" rating in a research note on Friday, August 22nd. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, OSI Systems currently has an average rating of "Moderate Buy" and a consensus price target of $230.83.

OSI Systems Stock Down 2.9%

Shares of NASDAQ OSIS opened at $235.44 on Friday. The stock has a market cap of $3.96 billion, a P/E ratio of 27.06, a PEG ratio of 2.01 and a beta of 1.30. The company has a current ratio of 2.04, a quick ratio of 1.46 and a debt-to-equity ratio of 0.49. OSI Systems, Inc. has a 12-month low of $129.84 and a 12-month high of $244.49. The business's fifty day simple moving average is $227.03 and its 200-day simple moving average is $215.43.

OSI Systems (NASDAQ:OSIS - Get Free Report) last posted its earnings results on Thursday, August 21st. The technology company reported $3.24 EPS for the quarter, beating the consensus estimate of $3.19 by $0.05. The firm had revenue of $504.99 million for the quarter, compared to analyst estimates of $497.22 million. OSI Systems had a return on equity of 18.69% and a net margin of 8.73%.OSI Systems's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.84 earnings per share. OSI Systems has set its FY 2026 guidance at 10.110-10.390 EPS. As a group, equities analysts predict that OSI Systems, Inc. will post 9.22 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Paul Keith Morben sold 1,671 shares of the stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $236.76, for a total value of $395,625.96. Following the transaction, the insider owned 8,749 shares of the company's stock, valued at $2,071,413.24. This represents a 16.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 5.20% of the stock is owned by company insiders.

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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