Bank of New York Mellon Corp Has $31.03 Million Stock Position in OSI Systems, Inc. $OSIS

Bank of New York Mellon Corp raised its stake in OSI Systems, Inc. (NASDAQ:OSIS) by 31.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 138,014 shares of the technology company’s stock after buying an additional 33,263 shares during the quarter. Bank of New York Mellon Corp’s holdings in OSI Systems were worth $31,034,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in OSIS. National Bank of Canada FI raised its holdings in shares of OSI Systems by 118.2% during the first quarter. National Bank of Canada FI now owns 144 shares of the technology company’s stock worth $28,000 after acquiring an additional 78 shares during the period. Bessemer Group Inc. boosted its stake in OSI Systems by 78.7% in the 2nd quarter. Bessemer Group Inc. now owns 134 shares of the technology company’s stock worth $30,000 after purchasing an additional 59 shares during the period. Nisa Investment Advisors LLC increased its holdings in OSI Systems by 139.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 194 shares of the technology company’s stock worth $38,000 after purchasing an additional 113 shares in the last quarter. Virtus Advisers LLC acquired a new stake in shares of OSI Systems in the 1st quarter valued at about $43,000. Finally, USA Financial Formulas bought a new stake in shares of OSI Systems in the second quarter valued at about $55,000. Institutional investors own 89.21% of the company’s stock.

OSI Systems Stock Down 3.7%

OSIS stock opened at $272.87 on Friday. The company has a market cap of $4.63 billion, a price-to-earnings ratio of 31.36, a P/E/G ratio of 2.13 and a beta of 1.33. OSI Systems, Inc. has a twelve month low of $149.68 and a twelve month high of $292.34. The business has a 50 day moving average price of $250.81 and a two-hundred day moving average price of $233.31. The company has a quick ratio of 1.46, a current ratio of 2.04 and a debt-to-equity ratio of 0.49.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings data on Thursday, October 30th. The technology company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.37 by $0.05. OSI Systems had a return on equity of 18.69% and a net margin of 8.73%.The company had revenue of $384.62 million during the quarter, compared to the consensus estimate of $372.03 million. During the same quarter in the prior year, the firm posted $1.25 EPS. The firm’s revenue for the quarter 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. Analysts anticipate that OSI Systems, Inc. will post 9.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

OSIS has been the subject of several recent research reports. B. Riley upped their price objective on OSI Systems from $255.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, August 22nd. JPMorgan Chase & Co. boosted their target price on OSI Systems from $242.00 to $255.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. Oppenheimer upped their price target on OSI Systems from $270.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, October 3rd. Bank of America lifted their price objective on shares of OSI Systems from $265.00 to $315.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of OSI Systems in a research report on Wednesday, October 8th. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $263.57.

Insider Buying and Selling at OSI Systems

In other news, insider Paul Keith Morben sold 416 shares of OSI Systems stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $279.10, for a total value of $116,105.60. Following the completion of the transaction, the insider owned 8,540 shares of the company’s stock, valued at $2,383,514. This trade represents a 4.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James B. Hawkins sold 1,500 shares of the business’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $283.15, for a total transaction of $424,725.00. Following the transaction, the director owned 5,036 shares in the company, valued at $1,425,943.40. This represents a 22.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 43,587 shares of company stock worth $11,567,257 over the last quarter. 4.30% of the stock is currently owned by insiders.

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.