Fifth Third Bancorp Purchases 6,015 Shares of OSI Systems, Inc. $OSIS

Fifth Third Bancorp boosted its position in OSI Systems, Inc. (NASDAQ:OSIS) by 4,850.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,139 shares of the technology company’s stock after purchasing an additional 6,015 shares during the quarter. Fifth Third Bancorp’s holdings in OSI Systems were worth $1,630,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Danske Bank A S bought a new position in OSI Systems in the 3rd quarter worth about $25,000. Private Trust Co. NA grew its holdings in shares of OSI Systems by 179.5% during the fourth quarter. Private Trust Co. NA now owns 123 shares of the technology company’s stock worth $31,000 after purchasing an additional 79 shares in the last quarter. Mcguire Capital Advisors Inc. bought a new position in shares of OSI Systems in the fourth quarter worth approximately $32,000. Caitong International Asset Management Co. Ltd raised its stake in OSI Systems by 119.5% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 169 shares of the technology company’s stock valued at $43,000 after purchasing an additional 92 shares in the last quarter. Finally, First Horizon Corp bought a new stake in OSI Systems during the fourth quarter valued at approximately $45,000. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other OSI Systems news, Director Deepak Chopra sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $281.84, for a total value of $5,636,800.00. Following the completion of the sale, the director owned 253,044 shares in the company, valued at approximately $71,317,920.96. The trade was a 7.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on OSIS. Roth Capital restated a “buy” rating and set a $310.00 price objective on shares of OSI Systems in a research report on Tuesday, May 5th. Citigroup reduced their target price on OSI Systems from $345.00 to $279.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Weiss Ratings downgraded OSI Systems from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 8th. Finally, Bank of America dropped their price target on OSI Systems from $315.00 to $300.00 and set a “buy” rating for the company in a research note on Monday. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, OSI Systems presently has an average rating of “Moderate Buy” and a consensus target price of $291.86.

OSI Systems Price Performance

Shares of NASDAQ:OSIS opened at $214.39 on Friday. The company has a quick ratio of 2.42, a current ratio of 3.25 and a debt-to-equity ratio of 1.12. The stock has a market cap of $3.53 billion, a PE ratio of 24.47, a PEG ratio of 1.57 and a beta of 1.20. The company’s fifty day moving average is $215.99 and its 200 day moving average is $254.73. OSI Systems, Inc. has a 52 week low of $197.27 and a 52 week high of $311.72.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings results on Monday, May 4th. The technology company reported $2.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $0.07. OSI Systems had a net margin of 8.42% and a return on equity of 18.84%. The business had revenue of $453.25 million during the quarter, compared to analyst estimates of $449.23 million. During the same period in the prior year, the business posted $2.44 earnings per share. The company’s revenue was up 2.0% on a year-over-year basis. OSI Systems has set its FY 2026 guidance at 10.300-10.550 EPS. Research analysts anticipate that OSI Systems, Inc. will post 10.4 earnings per share for the current year.

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.