SG Capital Management LLC Sells 172,043 Shares of OSI Systems, Inc. $OSIS

SG Capital Management LLC lessened its holdings in OSI Systems, Inc. (NASDAQ:OSIS) by 76.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 53,943 shares of the technology company’s stock after selling 172,043 shares during the period. OSI Systems makes up about 0.8% of SG Capital Management LLC’s investment portfolio, making the stock its 27th largest position. SG Capital Management LLC’s holdings in OSI Systems were worth $12,130,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in OSI Systems by 161.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 877,393 shares of the technology company’s stock worth $170,513,000 after acquiring an additional 541,882 shares during the period. T. Rowe Price Investment Management Inc. purchased a new stake in shares of OSI Systems in the 1st quarter worth $39,686,000. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in OSI Systems by 1,202.6% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 125,050 shares of the technology company’s stock worth $27,328,000 after purchasing an additional 115,450 shares during the period. Mawer Investment Management Ltd. raised its holdings in OSI Systems by 22.2% in the 1st quarter. Mawer Investment Management Ltd. now owns 461,022 shares of the technology company’s stock worth $89,595,000 after purchasing an additional 83,724 shares during the period. Finally, Swedbank AB lifted its position in OSI Systems by 160.0% during the first quarter. Swedbank AB now owns 130,000 shares of the technology company’s stock valued at $25,264,000 after purchasing an additional 80,000 shares in the last quarter. 89.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

OSIS has been the subject of a number of analyst reports. B. Riley upped their price target on OSI Systems from $255.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, August 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of OSI Systems in a report on Wednesday, October 8th. JPMorgan Chase & Co. raised their target price on shares of OSI Systems from $242.00 to $255.00 and gave the stock a “neutral” rating in a research note on Monday, November 3rd. Roth Capital reaffirmed a “buy” rating and set a $280.00 price target on shares of OSI Systems in a report on Wednesday, October 29th. Finally, Bank of America upped their price target on shares of OSI Systems from $265.00 to $315.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, OSI Systems has a consensus rating of “Moderate Buy” and an average price target of $263.57.

Insider Buying and Selling at OSI Systems

In related news, Chairman Deepak Chopra sold 20,000 shares of the business’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $285.74, for a total value of $5,714,800.00. Following the sale, the chairman directly owned 292,969 shares in the company, valued at approximately $83,712,962.06. The trade was a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James B. Hawkins sold 1,500 shares of the stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $283.15, for a total value of $424,725.00. Following the transaction, the director directly owned 5,036 shares of the company’s stock, valued at approximately $1,425,943.40. The trade was a 22.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 43,587 shares of company stock valued at $11,567,257 in the last 90 days. Insiders own 4.30% of the company’s stock.

OSI Systems Stock Up 0.2%

Shares of OSIS opened at $273.55 on Friday. The business’s 50 day moving average is $251.61 and its 200 day moving average is $233.81. The company has a current ratio of 2.04, a quick ratio of 1.46 and a debt-to-equity ratio of 0.49. OSI Systems, Inc. has a 12-month low of $149.68 and a 12-month high of $292.34. The company has a market capitalization of $4.64 billion, a PE ratio of 31.44, a price-to-earnings-growth ratio of 2.13 and a beta of 1.33.

OSI Systems (NASDAQ:OSIS) last released its earnings results on Thursday, October 30th. The technology company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.37 by $0.05. OSI Systems had a net margin of 8.73% and a return on equity of 18.69%. The firm had revenue of $384.62 million for the quarter, compared to the consensus estimate of $372.03 million. During the same quarter in the previous year, the firm earned $1.25 earnings per share. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. OSI Systems has set its FY 2026 guidance at 10.200-10.480 EPS. Research analysts expect that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

About OSI Systems

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.