OSI Systems, Inc. $OSIS Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 52.7% in the 1st quarter, Holdings Channel reports. The fund owned 8,626 shares of the technology company’s stock after selling 9,604 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in OSI Systems were worth $2,274,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of OSIS. Asset Management One Co. Ltd. grew its holdings in shares of OSI Systems by 46.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 76,560 shares of the technology company’s stock valued at $20,274,000 after purchasing an additional 24,243 shares during the period. Oak Ridge Investments LLC acquired a new stake in OSI Systems during the fourth quarter worth about $2,489,000. Robeco Schweiz AG purchased a new position in OSI Systems during the fourth quarter worth about $7,791,000. M&T Bank Corp purchased a new position in OSI Systems during the fourth quarter worth about $7,285,000. Finally, Jefferies Financial Group Inc. acquired a new position in OSI Systems in the 4th quarter valued at about $3,504,000. Institutional investors and hedge funds own 89.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on OSIS shares. Bank of America dropped their price target on shares of OSI Systems from $315.00 to $300.00 and set a “buy” rating for the company in a research note on Monday, July 20th. Citigroup reduced their price target on shares of OSI Systems from $345.00 to $279.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Roth Capital reiterated a “buy” rating and issued a $310.00 price objective on shares of OSI Systems in a report on Tuesday, May 5th. Finally, Weiss Ratings lowered OSI Systems from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 8th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $291.86.

OSI Systems Stock Up 1.1%

Shares of OSIS opened at $216.70 on Friday. The company’s 50-day moving average price is $216.22 and its 200 day moving average price is $254.47. OSI Systems, Inc. has a 12-month low of $197.27 and a 12-month high of $311.72. The company has a current ratio of 3.25, a quick ratio of 2.42 and a debt-to-equity ratio of 1.12. The firm has a market cap of $3.57 billion, a P/E ratio of 24.74, a price-to-earnings-growth ratio of 1.62 and a beta of 1.20.

OSI Systems (NASDAQ:OSIS) last announced its earnings results on Monday, May 4th. The technology company reported $2.60 earnings per share for the quarter, topping 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 company had revenue of $453.25 million during the quarter, compared to analyst estimates of $449.23 million. During the same quarter last year, the firm posted $2.44 earnings per share. OSI Systems’s revenue was up 2.0% compared to the same quarter last year. OSI Systems has set its FY 2026 guidance at 10.300-10.550 EPS. On average, sell-side analysts forecast that OSI Systems, Inc. will post 10.4 earnings per share for the current year.

Insider Activity at OSI Systems

In other news, Director Deepak Chopra sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $281.84, for a total value of $5,636,800.00. Following the transaction, the director directly owned 253,044 shares in the company, valued at approximately $71,317,920.96. This represents a 7.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate 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.