Guggenheim Capital LLC Reduces Stock Position in OSI Systems, Inc. (NASDAQ:OSIS)

Posted by Defense World Staff on Mar 6th, 2023

Guggenheim Capital LLC lowered its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS – Get Rating) by 19.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,319 shares of the technology company’s stock after selling 4,712 shares during the period. Guggenheim Capital LLC owned 0.11% of OSI Systems worth $1,392,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Rhumbline Advisers increased its holdings in shares of OSI Systems by 0.4% in the second quarter. Rhumbline Advisers now owns 49,739 shares of the technology company’s stock worth $4,250,000 after purchasing an additional 179 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of OSI Systems by 7.7% in the second quarter. Envestnet Asset Management Inc. now owns 3,167 shares of the technology company’s stock worth $271,000 after purchasing an additional 226 shares during the period. Mutual of America Capital Management LLC increased its holdings in shares of OSI Systems by 12.5% in the second quarter. Mutual of America Capital Management LLC now owns 2,663 shares of the technology company’s stock worth $228,000 after purchasing an additional 295 shares during the period. Quantbot Technologies LP bought a new position in shares of OSI Systems in the second quarter worth $25,000. Finally, Zebra Capital Management LLC increased its holdings in shares of OSI Systems by 7.0% in the first quarter. Zebra Capital Management LLC now owns 4,715 shares of the technology company’s stock worth $401,000 after purchasing an additional 309 shares during the period. Institutional investors own 89.01% of the company’s stock.

OSI Systems Stock Up 0.7 %

OSIS opened at $95.64 on Monday. The stock has a market cap of $1.61 billion, a PE ratio of 16.05, a P/E/G ratio of 1.43 and a beta of 0.92. The company has a quick ratio of 0.75, a current ratio of 1.43 and a debt-to-equity ratio of 0.22. OSI Systems, Inc. has a 52 week low of $69.31 and a 52 week high of $103.17. The business’s fifty day simple moving average is $89.59 and its 200 day simple moving average is $84.46.

OSI Systems (NASDAQ:OSIS – Get Rating) last released its earnings results on Thursday, January 26th. The technology company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. The business had revenue of $295.60 million for the quarter, compared to analysts’ expectations of $297.19 million. OSI Systems had a return on equity of 14.99% and a net margin of 8.74%. The firm’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.28 earnings per share. As a group, research analysts expect that OSI Systems, Inc. will post 6.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on OSIS shares. StockNews.com raised shares of OSI Systems from a “hold” rating to a “buy” rating in a report on Tuesday, November 15th. TheStreet raised OSI Systems from a “c+” rating to a “b-” rating in a research note on Wednesday, November 16th.

Insider Activity

In other news, CEO Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, January 31st. The stock was sold at an average price of $92.89, for a total transaction of $1,857,800.00. Following the transaction, the chief executive officer now directly owns 510,728 shares of the company’s stock, valued at $47,441,523.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director William Francis Ballhaus, Jr. sold 400 shares of the firm’s stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $94.96, for a total transaction of $37,984.00. Following the transaction, the director now directly owns 23,960 shares of the company’s stock, valued at $2,275,241.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, January 31st. The shares were sold at an average price of $92.89, for a total value of $1,857,800.00. Following the transaction, the chief executive officer now directly owns 510,728 shares in the company, valued at $47,441,523.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,094 shares of company stock valued at $2,056,365. 6.20% of the stock is currently owned by insiders.

OSI Systems Profile

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OSI Systems, Inc designs and manufactures specialized electronic systems and components for critical applications. The firm operates through the following segments: Security, Healthcare, and Optoelectronics and Manufacturing. The Security segment provides security inspection systems and related services, and turnkey security screening solutions.