Corient Private Wealth LLC Sells 3,909 Shares of OSI Systems, Inc. $OSIS

Corient Private Wealth LLC lessened its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 74.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,349 shares of the technology company’s stock after selling 3,909 shares during the quarter. Corient Private Wealth LLC’s holdings in OSI Systems were worth $303,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of OSIS. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in OSI Systems by 161.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 877,393 shares of the technology company’s stock valued at $170,513,000 after acquiring an additional 541,882 shares during the period. Mawer Investment Management Ltd. grew its position in shares of OSI Systems by 11.2% in the second quarter. Mawer Investment Management Ltd. now owns 512,656 shares of the technology company’s stock valued at $115,276,000 after purchasing an additional 51,634 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of OSI Systems by 0.6% during the second quarter. Geode Capital Management LLC now owns 381,128 shares of the technology company’s stock worth $85,711,000 after purchasing an additional 2,419 shares during the period. Hood River Capital Management LLC lifted its holdings in OSI Systems by 1.0% during the 2nd quarter. Hood River Capital Management LLC now owns 377,061 shares of the technology company’s stock worth $84,786,000 after purchasing an additional 3,903 shares during the last quarter. Finally, Clark Capital Management Group Inc. boosted its stake in OSI Systems by 1.9% in the 1st quarter. Clark Capital Management Group Inc. now owns 369,473 shares of the technology company’s stock valued at $71,803,000 after purchasing an additional 6,761 shares during the period. Institutional investors and hedge funds own 89.21% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Oppenheimer lifted their target price on OSI Systems from $270.00 to $280.00 and gave the stock an “outperform” rating in a report on Friday, October 3rd. JPMorgan Chase & Co. raised their price target on shares of OSI Systems from $242.00 to $255.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of OSI Systems in a research note on Wednesday, October 8th. UBS Group set a $292.00 target price on shares of OSI Systems in a research report on Monday, December 1st. Finally, Roth Capital raised their target price on shares of OSI Systems from $280.00 to $292.00 and gave the stock a “buy” rating in a report on Monday, December 1st. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $268.63.

OSI Systems Stock Performance

NASDAQ OSIS opened at $262.95 on Wednesday. The company has a current ratio of 1.87, a quick ratio of 1.29 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $4.46 billion, a price-to-earnings ratio of 29.78, a P/E/G ratio of 2.24 and a beta of 1.35. The firm’s 50 day simple moving average is $265.31 and its 200 day simple moving average is $242.74. OSI Systems, Inc. has a 1 year low of $150.84 and a 1 year high of $292.34.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings data on Thursday, October 30th. The technology company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.37 by $0.05. OSI Systems had a net margin of 8.68% and a return on equity of 18.25%. The business had revenue of $384.62 million during the quarter, compared to the consensus estimate of $372.03 million. During the same period in the previous year, the business earned $1.25 earnings per share. The company’s revenue was up 11.8% on a year-over-year basis. OSI Systems has set its FY 2026 guidance at 10.200-10.480 EPS. As a group, research analysts expect that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

Insider Activity

In other news, Chairman Deepak Chopra sold 20,000 shares of the business’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $285.74, for a total transaction of $5,714,800.00. Following the completion of the transaction, the chairman owned 292,969 shares of the company’s stock, valued at approximately $83,712,962.06. The trade was a 6.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul Keith Morben sold 416 shares of the company’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $279.10, for a total value of $116,105.60. Following the sale, the insider owned 8,540 shares of the company’s stock, valued at approximately $2,383,514. This represents a 4.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 21,916 shares of company stock worth $6,255,631. Insiders own 4.30% of the company’s stock.

About OSI Systems

OSI Systems, Inc (NASDAQ: OSIS) is a publicly traded technology company founded in 1987 and headquartered in Hawthorne, California. The company designs, develops and manufactures advanced security and inspection systems, optoelectronic devices and medical imaging equipment. Over its history, OSI Systems has grown its product offerings through internal research and development as well as strategic acquisitions, expanding its capabilities in mission-critical sensing and inspection technologies.

OSI Systems operates three primary business segments.