Stanley Laman Group Ltd. lessened its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS – Free Report) by 22.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 20,488 shares of the technology company’s stock after selling 5,841 shares during the period. Stanley Laman Group Ltd. owned 0.12% of OSI Systems worth $4,607,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the stock. National Bank of Canada FI grew its stake in shares of OSI Systems by 118.2% during the 1st quarter. National Bank of Canada FI now owns 144 shares of the technology company’s stock valued at $28,000 after acquiring an additional 78 shares during the period. Nisa Investment Advisors LLC lifted its holdings in OSI Systems by 139.5% during the first quarter. Nisa Investment Advisors LLC now owns 194 shares of the technology company’s stock valued at $38,000 after purchasing an additional 113 shares in the last quarter. Virtus Advisers LLC bought a new position in shares of OSI Systems in the first quarter worth approximately $43,000. USA Financial Formulas purchased a new stake in shares of OSI Systems in the second quarter worth $55,000. Finally, GAMMA Investing LLC raised its position in shares of OSI Systems by 73.8% during the 2nd quarter. GAMMA Investing LLC now owns 278 shares of the technology company’s stock valued at $63,000 after purchasing an additional 118 shares during the period. Institutional investors own 89.21% of the company’s stock.
Wall Street Analysts Forecast Growth
OSIS has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of OSI Systems in a report on Wednesday, October 8th. Oppenheimer boosted their price objective on OSI Systems from $270.00 to $280.00 and gave the company an “outperform” rating in a research report on Friday, October 3rd. B. Riley increased their target price on OSI Systems from $255.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, August 22nd. Finally, Bank of America lifted their target price on OSI Systems from $250.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, September 26th. Six investment 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $247.50.
OSI Systems Trading Down 0.9%
Shares of OSIS stock opened at $244.48 on Friday. 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 stock has a market capitalization of $4.11 billion, a price-to-earnings ratio of 28.10, a price-to-earnings-growth ratio of 2.11 and a beta of 1.32. OSI Systems, Inc. has a 12-month low of $129.84 and a 12-month high of $257.41. The stock’s 50-day moving average price is $236.92 and its 200-day moving average price is $222.83.
OSI Systems (NASDAQ:OSIS – Get Free Report) last released its quarterly earnings results 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. The business had revenue of $504.99 million during the quarter, compared to analysts’ expectations of $497.22 million. OSI Systems had a return on equity of 18.69% and a net margin of 8.73%.The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.84 EPS. OSI Systems has set its FY 2026 guidance at 10.110-10.390 EPS. Equities research analysts predict that OSI Systems, Inc. will post 9.22 EPS for the current fiscal year.
Insiders Place Their Bets
In other OSI Systems news, insider Paul Keith Morben sold 1,671 shares of the 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 completion of the transaction, the insider owned 8,749 shares in the company, valued at $2,071,413.24. This trade represents a 16.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Deepak Chopra sold 20,000 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $245.80, for a total transaction of $4,916,000.00. Following the completion of the sale, the chairman owned 312,969 shares in the company, valued at approximately $76,927,780.20. This trade represents a 6.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is owned by corporate insiders.
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.
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