Shares of OSI Systems, Inc. (NASDAQ:OSIS) sold by AQR Capital Management LLC

VaselineOctober 11, 2024

0 4 minutes read

AQR Capital Management LLC reduced its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS – Free Report) by 6.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,309 shares of the technology company’s stock after selling 624 shares during the quarter. AQR Capital Management LLC’s holdings in OSI Systems were worth $1,280,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of OSI Systems by 5.4% in the 4th quarter. Vanguard Group Inc. now owns 2,097,875 shares of the technology company’s stock valued at $270,731,000 after purchasing an additional 107,383 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of OSI Systems by 4.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,896 shares of the technology company’s stock valued at $503,000 after acquiring an additional 178 shares during the last quarter. Park Avenue Securities LLC purchased a new stake in OSI Systems in the 1st quarter worth approximately $259,000. Bridge City Capital LLC grew its position in OSI Systems by 0.8% in the first quarter. Bridge City Capital LLC now owns 24,618 shares of the technology company’s stock worth $3,516,000 after purchasing an additional 194 shares during the last quarter. Finally, West Paces Advisors Inc. purchased a new position in OSI Systems in the first quarter worth approximately $28,000. 89.21% of shares are currently owned by institutional investors and hedge funds.

Insider buying and selling

In other news, CEO Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $144.92, for a total transaction of $2,898,400.00. Following the completion of the transaction, the chief executive officer now directly owns 459,033 shares of the company’s stock, valued at $66,523,062.36. This trade represents a 0.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. In other news, insider Paul Keith Morben sold 1,107 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $145.04, for a total value of $160,559.28. Following the completion of the sale, the insider now owns 10,077 shares of the company’s stock, valued at approximately $1,461,568.08. This represents a 0.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC’s website. Also, CEO Deepak Chopra sold 20,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $144.92, for a total value of $2,898,400.00. Following the completion of the sale, the chief executive officer now directly owns 459,033 shares of the company’s stock, valued at approximately $66,523,062.36. The trade was a 0.00% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,107 shares of company stock worth $3,474,189. 5.60% of shares are held by corporate insiders.

Analyst upgrades and downgrades

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OSIS has been the subject of several analyst reports. Wells Fargo & Company initiated coverage on shares of OSI Systems in a research report on Wednesday, September 18th. They issued an “overweight” rating and a $170.00 price objective for the company. Roth Mkm boosted their target price on shares of OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a report on Friday, August 23rd. B. Riley upped their target price on shares of OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Finally, Bank of America initiated coverage on shares of OSI Systems in a report on Monday, September 30th. They issued a “buy” rating and a $175.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. OSI Systems has an average rating of “Moderate Buy” and a consensus price target of $172.60, according to MarketBeat .

Check out our latest OSI systems research report

Price performance of OSI systems

Shares of OSIS stock opened at $146.48 on Friday. OSI Systems, Inc. has a 12-month low of $103.04 and a 12-month high of $158.69. The firm has a market cap of $2.50 billion, a PE ratio of 20.15, a PEG ratio of 1.39 and a beta of 1.08. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.00, and a current ratio of 1.49. The company’s 50-day moving average price is $144.10 and its 200-day moving average price is $141.12.

OSI Systems (NASDAQ:OSIS – Get Free Report ) last announced its earnings results on Thursday, August 22nd. The technology company reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.79 by $0.05. The business had revenue of $480.91 million for the quarter, compared to analyst estimates of $467.24 million. OSI Systems had a net margin of 8.33% and a return on equity of 17.80%. OSI Systems’s revenue was up 16.8% compared to the same quarter last year. In the same quarter last year, the company posted earnings per share of $2.66. As a group, research analysts expect OSI Systems, Inc. to post 8.98 EPS for the current fiscal year.

About OSI Systems

(Free report)

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 package inspection, cargo and vehicle inspection, checked baggage and person control, radiation monitoring, explosives and narcotics trace detection systems, and optical inspection systems under the Rapiscan name.