Vanguard Group Inc. Lowers Stake in OSI Systems, Inc. (NASDAQ:OSIS)

Key Points

• Vanguard Group Inc. has reduced its stake in OSI Systems, Inc. by 0.3%, owning 2,113,028 shares valued at approximately $410.65 million, which represents 12.58% of the company.
• Multiple institutional investors have recently acquired stakes in OSI Systems, with significant investments from Capital International and Brown Advisory, totaling about $97 million and $45 million, respectively.
• Analyst ratings for OSI Systems are generally positive, with firms increasing target prices; Oppenheimer raised its target from $225 to $260, while B. Riley upgraded theirs from $221 to $255, indicating a consensus rating of "Moderate Buy."

Vanguard Group Inc. reduced its position in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 0.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,113,028 shares of the technology company's stock after selling 7,095 shares during the period. Vanguard Group Inc. owned approximately 12.58% of OSI Systems worth $410,646,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. LPL Financial LLC acquired a new stake in shares of OSI Systems in the 4th quarter valued at about $1,444,000. Wells Fargo & Company MN boosted its holdings in OSI Systems by 29.4% during the fourth quarter. Wells Fargo & Company MN now owns 10,381 shares of the technology company's stock valued at $1,738,000 after acquiring an additional 2,359 shares during the period. Federated Hermes Inc. boosted its stake in OSI Systems by 9.8% in the fourth quarter. Federated Hermes Inc. now owns 2,416 shares of the technology company's stock valued at $405,000 after acquiring an additional 215 shares during the last quarter. Bank of Montreal Can boosted its holdings in OSI Systems by 7.7% in the 4th quarter. Bank of Montreal Can now owns 2,152 shares of the technology company's stock valued at $360,000 after purchasing an additional 153 shares during the period. Finally, Invesco Ltd. increased its position in OSI Systems by 11.6% during the 4th quarter. Invesco Ltd. now owns 176,718 shares of the technology company's stock worth $29,588,000 after purchasing an additional 18,388 shares in the last quarter. Hedge funds and other institutional investors own 89.21% of the company's stock.

Insider Transactions at OSI Systems

In related news, Director William Francis Ballhaus, Jr. sold 750 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $228.88, for a total value of $171,660.00. Following the completion of the sale, the director directly owned 24,055 shares in the company, valued at approximately $5,505,708.40. The trade was a 3.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Meyer/ Luskin sold 1,000 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $237.15, for a total value of $237,150.00. Following the sale, the director owned 11,214 shares in the company, valued at $2,659,400.10. The trade was a 8.19% decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by corporate insiders.

OSI Systems Price Performance

NASDAQ:OSIS traded up $0.78 during trading hours on Friday, reaching $234.27. 135,965 shares of the company were exchanged, compared to its average volume of 138,456. The company has a current ratio of 2.11, a quick ratio of 1.38 and a debt-to-equity ratio of 0.53. The firm has a market cap of $3.93 billion, a PE ratio of 28.50, a price-to-earnings-growth ratio of 1.98 and a beta of 1.31. The stock's 50-day moving average is $223.54 and its 200-day moving average is $210.93. OSI Systems, Inc. has a twelve month low of $129.84 and a twelve month high of $241.64.

Wall Street Analysts Forecast Growth

OSIS has been the topic of a number of research analyst reports. Roth Mkm boosted their price objective on shares of OSI Systems from $224.00 to $245.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Oppenheimer raised 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. B. Riley restated a "buy" rating and set a $255.00 target price (up previously from $221.00) on shares of OSI Systems in a research note on Friday, May 2nd. Finally, Wall Street Zen upgraded OSI Systems from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $228.33.

About OSI Systems

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.