Wedge Capital Management L L P NC Lowers Stock Holdings in OSI Systems, Inc. $OSIS

Key Points

• Wedge Capital Management reduced its holdings in OSI Systems, Inc. by 15.1% during the 2nd quarter, owning 15,013 shares valued at approximately $3,376,000 after selling 2,672 shares.
• Several institutional investors, including the National Bank of Canada FI and Nisa Investment Advisors LLC, significantly increased their stakes in OSI Systems during the 1st quarter, indicating increased interest in the company.
• OSI Systems reported a quarterly EPS of $3.24, beating estimates, with revenue of $504.99 million, reflecting a growth of 4.9% year-over-year.

Wedge Capital Management L L P NC cut its position in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 15.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,013 shares of the technology company's stock after selling 2,672 shares during the period. Wedge Capital Management L L P NC owned 0.09% of OSI Systems worth $3,376,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of OSIS. National Bank of Canada FI lifted its holdings in OSI Systems by 118.2% during the 1st quarter. National Bank of Canada FI now owns 144 shares of the technology company's stock worth $28,000 after purchasing an additional 78 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in OSI Systems by 139.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 194 shares of the technology company's stock valued at $38,000 after acquiring an additional 113 shares in the last quarter. Virtus Advisers LLC purchased a new stake in OSI Systems during the 1st quarter valued at $43,000. Strs Ohio purchased a new stake in OSI Systems in the 1st quarter worth $97,000. Finally, Xponance Inc. bought a new stake in OSI Systems in the first quarter worth about $233,000. Institutional investors and hedge funds own 89.21% of the company's stock.

Analyst Upgrades and Downgrades

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

OSI Systems Stock Performance

Shares of NASDAQ OSIS traded up $2.08 during trading on Monday, reaching $237.52. 135,298 shares of the company traded hands, compared to its average volume of 147,660. The stock has a market cap of $4.00 billion, a P/E ratio of 27.30, a PEG ratio of 1.95 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 firm's fifty day simple moving average is $227.53 and its 200 day simple moving average is $216.28.

OSI Systems (NASDAQ:OSIS - Get Free Report) last issued its quarterly earnings data on Thursday, August 21st. The technology company reported $3.24 earnings per share for the quarter, topping analysts' consensus estimates of $3.19 by $0.05. OSI Systems had a net margin of 8.73% and a return on equity of 18.69%. The business had revenue of $504.99 million during the quarter, compared to analysts' expectations of $497.22 million. During the same period last year, the company posted $2.84 EPS. The company's revenue was up 4.9% on a year-over-year basis. OSI Systems has set its FY 2026 guidance at 10.110-10.390 EPS. As a group, research analysts anticipate that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

Insider Buying and Selling at OSI Systems

In other news, insider Paul Keith Morben sold 1,671 shares of the business's stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $236.76, for a total transaction of $395,625.96. Following the completion of the transaction, the insider owned 8,749 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 5.20% of the company's stock.

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.