Allspring Global Investments Holdings LLC Sells 7,690 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Allspring Global Investments Holdings LLC decreased its holdings in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 77.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,246 shares of the technology company's stock after selling 7,690 shares during the period. Allspring Global Investments Holdings LLC's holdings in OSI Systems were worth $290,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Robeco Institutional Asset Management B.V. grew its stake in shares of OSI Systems by 112.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 182,820 shares of the technology company's stock valued at $21,580,000 after buying an additional 96,641 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of OSI Systems by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,990,492 shares of the technology company's stock valued at $234,958,000 after buying an additional 49,634 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of OSI Systems by 208.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 61,800 shares of the technology company's stock valued at $7,295,000 after buying an additional 41,792 shares in the last quarter. Quadrature Capital Ltd bought a new stake in shares of OSI Systems in the 3rd quarter valued at approximately $2,548,000. Finally, Lord Abbett & CO. LLC grew its stake in shares of OSI Systems by 14.7% in the 3rd quarter. Lord Abbett & CO. LLC now owns 132,506 shares of the technology company's stock valued at $15,641,000 after buying an additional 16,983 shares in the last quarter. Institutional investors and hedge funds own 89.21% of the company's stock.

Insiders Place Their Bets

In other OSI Systems news, General Counsel Victor S. Sze sold 15,000 shares of the company's stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $131.22, for a total transaction of $1,968,300.00. Following the completion of the sale, the general counsel now owns 78,116 shares of the company's stock, valued at $10,250,381.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, General Counsel Victor S. Sze sold 15,000 shares of the company's stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $131.22, for a total transaction of $1,968,300.00. Following the completion of the transaction, the general counsel now directly owns 78,116 shares in the company, valued at $10,250,381.52. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Deepak Chopra sold 20,000 shares of the company's stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $129.11, for a total value of $2,582,200.00. Following the transaction, the chief executive officer now owns 468,615 shares of the company's stock, valued at $60,502,882.65. The disclosure for this sale can be found here. Insiders sold 50,000 shares of company stock valued at $6,503,650 over the last 90 days. 5.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently commented on OSIS. StockNews.com cut OSI Systems from a "buy" rating to a "hold" rating in a research note on Saturday. Roth Mkm boosted their price target on OSI Systems from $169.00 to $172.00 and gave the company a "buy" rating in a research note on Friday.

OSI Systems Stock Performance

OSI Systems stock traded up $0.67 during trading hours on Friday, reaching $134.82. 103,502 shares of the company were exchanged, compared to its average volume of 83,561. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 18.54, a PEG ratio of 1.52 and a beta of 0.98. The company has a current ratio of 1.47, a quick ratio of 0.80 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average of $135.68 and a 200 day moving average of $127.49. OSI Systems, Inc. has a 12 month low of $102.02 and a 12 month high of $144.11.

OSI Systems (NASDAQ:OSIS - Get Free Report) last announced its earnings results on Thursday, April 25th. The technology company reported $2.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.11 by $0.05. The firm had revenue of $405.41 million during the quarter, compared to analysts' expectations of $401.99 million. OSI Systems had a return on equity of 18.10% and a net margin of 8.56%. The company's revenue was up 33.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.49 earnings per share. As a group, research analysts anticipate that OSI Systems, Inc. will post 8.08 earnings per share for the current year.

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.