SteelPeak Wealth LLC Cuts Stock Holdings in OSI Systems, Inc. $OSIS

SteelPeak Wealth LLC lowered its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 7.2% during the second quarter, Holdings Channel reports. The fund owned 3,399 shares of the technology company’s stock after selling 263 shares during the period. SteelPeak Wealth LLC’s holdings in OSI Systems were worth $764,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. 111 Capital purchased a new stake in shares of OSI Systems during the second quarter worth $266,000. Pure Financial Advisors LLC purchased a new stake in shares of OSI Systems during the second quarter worth $453,000. USA Financial Formulas purchased a new stake in shares of OSI Systems during the second quarter worth $55,000. State of Alaska Department of Revenue grew its stake in shares of OSI Systems by 7.4% during the second quarter. State of Alaska Department of Revenue now owns 9,298 shares of the technology company’s stock worth $2,090,000 after purchasing an additional 641 shares in the last quarter. Finally, Oliver Luxxe Assets LLC grew its stake in shares of OSI Systems by 0.5% during the second quarter. Oliver Luxxe Assets LLC now owns 22,984 shares of the technology company’s stock worth $5,168,000 after purchasing an additional 106 shares in the last quarter. Hedge funds and other institutional investors own 89.21% of the company’s stock.

Insider Buying and Selling at OSI Systems

In other news, Chairman Deepak Chopra sold 20,000 shares of the stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $245.80, for a total transaction of $4,916,000.00. Following the completion of the sale, the chairman owned 312,969 shares in the company, valued at approximately $76,927,780.20. This represents a 6.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul Keith Morben sold 1,671 shares of the stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $236.76, for a total transaction of $395,625.96. Following the sale, the insider owned 8,749 shares of the company’s stock, valued at $2,071,413.24. This trade represents a 16.04% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on OSIS. Oppenheimer boosted their target price on shares of OSI Systems from $270.00 to $280.00 and gave the stock an “outperform” rating in a research note on Friday, October 3rd. Bank of America boosted their target price on shares of OSI Systems from $250.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, September 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of OSI Systems in a research note on Wednesday. Finally, B. Riley boosted their target price on shares of OSI Systems from $255.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, August 22nd. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, OSI Systems presently has a consensus rating of “Moderate Buy” and an average price target of $247.50.

OSI Systems Stock Performance

NASDAQ OSIS opened at $248.61 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.04 and a quick ratio of 1.46. OSI Systems, Inc. has a 1 year low of $129.84 and a 1 year high of $257.33. The company has a market capitalization of $4.18 billion, a PE ratio of 28.58, a P/E/G ratio of 2.13 and a beta of 1.32. The company has a fifty day moving average of $233.25 and a two-hundred day moving average of $220.44.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings data on Thursday, August 21st. The technology company reported $3.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.19 by $0.05. OSI Systems had a net margin of 8.73% and a return on equity of 18.69%. The company had revenue of $504.99 million during the quarter, compared to the consensus estimate of $497.22 million. During the same quarter in the prior year, the firm posted $2.84 earnings per share. OSI Systems’s revenue for the quarter was up 4.9% on a year-over-year basis. OSI Systems has set its FY 2026 guidance at 10.110-10.390 EPS. As a group, analysts expect that OSI Systems, Inc. will post 9.22 earnings per share for the current year.

OSI Systems Company Profile

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.