Wesbanco Bank Inc. Sells 5,100 Shares of OSI Systems, Inc. $OSIS

Wesbanco Bank Inc. lowered its position in OSI Systems, Inc. (NASDAQ:OSIS) by 38.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 8,327 shares of the technology company’s stock after selling 5,100 shares during the period. Wesbanco Bank Inc.’s holdings in OSI Systems were worth $2,124,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Sequoia Financial Advisors LLC boosted its holdings in OSI Systems by 26.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 1,523 shares of the technology company’s stock worth $388,000 after buying an additional 314 shares during the period. Robeco Schweiz AG bought a new position in OSI Systems in the 4th quarter worth $7,791,000. Truist Financial Corp boosted its holdings in OSI Systems by 1.1% in the 4th quarter. Truist Financial Corp now owns 18,139 shares of the technology company’s stock worth $4,627,000 after buying an additional 190 shares during the period. Benjamin Edwards Inc. boosted its holdings in OSI Systems by 10.3% in the 4th quarter. Benjamin Edwards Inc. now owns 3,889 shares of the technology company’s stock worth $992,000 after buying an additional 364 shares during the period. Finally, Strs Ohio boosted its holdings in OSI Systems by 14.3% in the 4th quarter. Strs Ohio now owns 800 shares of the technology company’s stock worth $204,000 after buying an additional 100 shares during the period. Institutional investors own 89.21% of the company’s stock.

OSI Systems Stock Down 4.3%

OSIS opened at $230.83 on Friday. The firm has a 50-day simple moving average of $281.03 and a two-hundred day simple moving average of $273.13. OSI Systems, Inc. has a 52 week low of $204.00 and a 52 week high of $311.72. The company has a market capitalization of $3.80 billion, a PE ratio of 26.35, a price-to-earnings-growth ratio of 1.89 and a beta of 1.31. The company has a quick ratio of 2.31, a current ratio of 3.25 and a debt-to-equity ratio of 1.12.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings data on Monday, May 4th. The technology company reported $2.60 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 the consensus estimate of $449.23 million. During the same quarter in the prior year, the firm earned $2.44 EPS. The business’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. Analysts forecast that OSI Systems, Inc. will post 10.4 earnings per share for the current fiscal year.

Insider Activity at OSI Systems

In related news, Director Deepak Chopra sold 20,000 shares of the stock in a transaction dated 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 completion of the transaction, the director owned 253,044 shares of the company’s stock, valued at approximately $71,317,920.96. This trade represents a 7.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 4.30% of the company’s stock.

Analyst Ratings Changes

OSIS has been the subject of several recent analyst reports. Roth Mkm reaffirmed a “buy” rating and issued a $310.00 target price on shares of OSI Systems in a report on Tuesday. Citigroup initiated coverage on shares of OSI Systems in a report on Wednesday, April 15th. They issued a “buy” rating and a $345.00 target price for the company. Weiss Ratings downgraded shares of OSI Systems from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. JPMorgan Chase & Co. upped their target price on shares of OSI Systems from $255.00 to $262.00 and gave the stock a “neutral” rating in a report on Monday, February 2nd. Finally, B. Riley Financial increased their price objective on shares of OSI Systems from $300.00 to $320.00 and gave the company a “buy” rating in a report on Friday, January 30th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, OSI Systems currently has an average rating of “Moderate Buy” and a consensus target price of $303.43.

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.