Handelsbanken Fonder AB Sells 700 Shares of OSI Systems, Inc. $OSIS

Handelsbanken Fonder AB cut its stake in OSI Systems, Inc. (NASDAQ:OSIS) by 12.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,765 shares of the technology company’s stock after selling 700 shares during the quarter. Handelsbanken Fonder AB’s holdings in OSI Systems were worth $1,071,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Bessemer Group Inc. increased its position in shares of OSI Systems by 78.7% during the second quarter. Bessemer Group Inc. now owns 134 shares of the technology company’s stock valued at $30,000 after buying an additional 59 shares during the period. Park Avenue Securities LLC boosted its position in shares of OSI Systems by 1.0% in the 2nd quarter. Park Avenue Securities LLC now owns 6,787 shares of the technology company’s stock worth $1,526,000 after purchasing an additional 65 shares in the last quarter. Yousif Capital Management LLC boosted its position in shares of OSI Systems by 1.3% in the 2nd quarter. Yousif Capital Management LLC now owns 5,827 shares of the technology company’s stock worth $1,310,000 after purchasing an additional 77 shares in the last quarter. National Bank of Canada FI grew its stake in shares of OSI Systems by 118.2% in the 1st quarter. National Bank of Canada FI now owns 144 shares of the technology company’s stock worth $28,000 after buying an additional 78 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC increased its position in OSI Systems by 7.0% during the 1st quarter. Ashton Thomas Private Wealth LLC now owns 1,483 shares of the technology company’s stock valued at $288,000 after buying an additional 97 shares in the last quarter. Institutional investors own 89.21% of the company’s stock.

OSI Systems Trading Up 1.6%

Shares of NASDAQ:OSIS opened at $271.56 on Friday. The stock’s 50-day simple moving average is $255.31 and its two-hundred day simple moving average is $236.19. The stock has a market capitalization of $4.61 billion, a price-to-earnings ratio of 31.21, a PEG ratio of 2.13 and a beta of 1.33. OSI Systems, Inc. has a 52-week low of $150.84 and a 52-week high of $292.34. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.46 and a current ratio of 2.04.

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

Insiders Place Their Bets

In other news, Chairman Deepak Chopra sold 20,000 shares of the company’s stock in a transaction on 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 completion of the sale, the chairman directly owned 292,969 shares in the company, valued at $83,712,962.06. This represents a 6.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Paul Keith Morben sold 1,671 shares of the firm’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $236.76, for a total value of $395,625.96. Following the completion of the transaction, the insider directly owned 8,749 shares in the company, valued at approximately $2,071,413.24. This represents a 16.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 43,587 shares of company stock worth $11,567,257. Company insiders own 4.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on OSIS. Weiss Ratings reissued a “buy (b)” rating on shares of OSI Systems in a report on Wednesday, October 8th. Bank of America lifted their target price on shares of OSI Systems from $265.00 to $315.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Roth Capital restated a “buy” rating and issued a $280.00 price target on shares of OSI Systems in a research note on Wednesday, October 29th. Oppenheimer boosted their target price on OSI Systems from $270.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, October 3rd. Finally, B. Riley upped their target price on shares of OSI Systems from $255.00 to $260.00 and gave the company a “buy” rating in a research note on Friday, August 22nd. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, OSI Systems presently has an average rating of “Moderate Buy” and a consensus price target of $263.57.

OSI Systems 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.