PNC Financial Services Group Inc. boosted its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 384.8% during the first quarter, HoldingsChannel reports. The firm owned 21,034 shares of the technology company’s stock after purchasing an additional 16,695 shares during the period. PNC Financial Services Group Inc.’s holdings in OSI Systems were worth $1,843,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of OSIS. Lindbrook Capital LLC purchased a new position in shares of OSI Systems in the fourth quarter valued at approximately $25,000. Quadrant Capital Group LLC lifted its position in shares of OSI Systems by 729.5% in the first quarter. Quadrant Capital Group LLC now owns 730 shares of the technology company’s stock valued at $60,000 after acquiring an additional 642 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of OSI Systems by 31.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,151 shares of the technology company’s stock valued at $84,000 after acquiring an additional 278 shares in the last quarter. Advisor Group Inc. lifted its position in shares of OSI Systems by 9.9% in the fourth quarter. Advisor Group Inc. now owns 1,706 shares of the technology company’s stock valued at $126,000 after acquiring an additional 154 shares in the last quarter. Finally, Everence Capital Management Inc. purchased a new position in shares of OSI Systems in the first quarter valued at approximately $223,000. Institutional investors own 96.86% of the company’s stock.

In related news, CFO Alan I. Edrick sold 10,000 shares of OSI Systems stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $103.13, for a total transaction of $1,031,300.00. Following the transaction, the chief financial officer now owns 211,066 shares in the company, valued at $21,767,236.58. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Victor S. Sze sold 20,000 shares of OSI Systems stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $104.17, for a total value of $2,083,400.00. Following the transaction, the general counsel now owns 153,404 shares in the company, valued at approximately $15,980,094.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 94,500 shares of company stock worth $9,687,505. 8.60% of the stock is currently owned by company insiders.

OSIS has been the topic of several research reports. BidaskClub upgraded OSI Systems from a “hold” rating to a “buy” rating in a research report on Monday, June 10th. Roth Capital raised their target price on OSI Systems from $97.00 to $122.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Finally, Zacks Investment Research upgraded OSI Systems from a “hold” rating to a “strong-buy” rating and set a $118.00 target price on the stock in a research report on Friday, May 3rd. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $107.00.

Shares of OSI Systems stock opened at $112.87 on Friday. OSI Systems, Inc. has a one year low of $67.15 and a one year high of $113.54. The company has a market cap of $2.04 billion, a P/E ratio of 31.27, a P/E/G ratio of 2.14 and a beta of 0.88. The company has a current ratio of 1.55, a quick ratio of 0.85 and a debt-to-equity ratio of 0.49.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.23. OSI Systems had a return on equity of 15.66% and a net margin of 4.59%. The firm had revenue of $304.30 million for the quarter, compared to the consensus estimate of $289.15 million. During the same quarter last year, the business posted $0.86 earnings per share. The firm’s revenue was up 13.8% compared to the same quarter last year. On average, research analysts predict that OSI Systems, Inc. will post 4.22 earnings per share for the current year.

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About OSI Systems

OSI Systems, Inc designs, manufactures, and sells electronic systems and components worldwide. The company's Security segment offers baggage and parcel inspection, cargo and vehicle inspection, hold baggage and people screening, radiation detection, and explosive and narcotics trace detection systems under the Rapiscan Systems and AS&E names.

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Institutional Ownership by Quarter for OSI Systems (NASDAQ:OSIS)

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