Primecap Management Co. CA Sells 12,910 Shares of OSI Systems, Inc. $OSIS

Primecap Management Co. CA trimmed its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 3.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 321,420 shares of the technology company’s stock after selling 12,910 shares during the period. Primecap Management Co. CA’s holdings in OSI Systems were worth $72,275,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of OSIS. National Bank of Canada FI increased its stake in shares of OSI Systems by 118.2% in the first quarter. National Bank of Canada FI now owns 144 shares of the technology company’s stock valued at $28,000 after buying an additional 78 shares in the last quarter. Bessemer Group Inc. grew its holdings in OSI Systems by 78.7% during the 2nd quarter. Bessemer Group Inc. now owns 134 shares of the technology company’s stock worth $30,000 after acquiring an additional 59 shares during the last quarter. Virtus Advisers LLC acquired a new stake in OSI Systems in the 1st quarter valued at about $43,000. USA Financial Formulas bought a new position in shares of OSI Systems in the second quarter worth about $55,000. Finally, GAMMA Investing LLC raised its stake in shares of OSI Systems by 73.8% in the second quarter. GAMMA Investing LLC now owns 278 shares of the technology company’s stock worth $63,000 after acquiring an additional 118 shares during the last quarter. Institutional investors and hedge funds own 89.21% of the company’s stock.

OSI Systems Stock Down 5.3%

Shares of OSI Systems stock opened at $237.82 on Thursday. The business has a fifty day simple moving average of $252.84 and a 200 day simple moving average of $234.74. The stock has a market cap of $4.04 billion, a PE ratio of 27.34, a price-to-earnings-growth ratio of 2.13 and a beta of 1.33. 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, Inc. has a 12 month low of $150.84 and a 12 month high of $292.34.

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

Analyst Ratings Changes

OSIS has been the topic of several research analyst reports. Roth Capital reissued a “buy” rating and set a $280.00 price target on shares of OSI Systems in a research note on Wednesday, October 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of OSI Systems in a research report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their target price on OSI Systems from $242.00 to $255.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. B. Riley upped their price target on OSI Systems from $255.00 to $260.00 and gave the company a “buy” rating in a research note on Friday, August 22nd. Finally, Oppenheimer lifted their price objective on OSI Systems from $270.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, October 3rd. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $263.57.

Insider Buying and Selling

In other OSI Systems news, Chairman Deepak Chopra sold 20,000 shares of the stock in a transaction on Monday, November 10th. The shares were 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. This trade represents a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James B. Hawkins sold 1,500 shares of the business’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $283.15, for a total transaction of $424,725.00. Following the completion of the transaction, the director directly owned 5,036 shares of the company’s stock, valued at $1,425,943.40. This trade represents a 22.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 43,587 shares of company stock valued at $11,567,257 in the last 90 days. 4.30% of the stock is owned by insiders.

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.