Dimensional Fund Advisors LP Has $63.08 Million Position in OSI Systems, Inc. (NASDAQ:OSIS)

Posted by Defense World Staff on May 27th, 2023

Dimensional Fund Advisors LP lowered its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS – Get Rating) by 0.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 793,202 shares of the technology company’s stock after selling 163 shares during the period. Dimensional Fund Advisors LP owned about 4.71% of OSI Systems worth $63,076,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in OSI Systems during the second quarter worth $25,000. Ronald Blue Trust Inc. boosted its stake in shares of OSI Systems by 105.6% in the 4th quarter. Ronald Blue Trust Inc. now owns 405 shares of the technology company’s stock valued at $29,000 after purchasing an additional 208 shares in the last quarter. Altshuler Shaham Ltd acquired a new stake in shares of OSI Systems in the 3rd quarter valued at $31,000. Captrust Financial Advisors boosted its stake in shares of OSI Systems by 305.6% in the 1st quarter. Captrust Financial Advisors now owns 718 shares of the technology company’s stock valued at $61,000 after purchasing an additional 541 shares in the last quarter. Finally, Point72 Hong Kong Ltd boosted its stake in shares of OSI Systems by 924.6% in the 3rd quarter. Point72 Hong Kong Ltd now owns 1,455 shares of the technology company’s stock valued at $105,000 after purchasing an additional 1,313 shares in the last quarter. Institutional investors and hedge funds own 89.01% of the company’s stock.

Analysts Set New Price Targets

OSIS has been the topic of several recent analyst reports. StockNews.com downgraded shares of OSI Systems from a “strong-buy” rating to a “buy” rating in a research note on Friday. B. Riley boosted their target price on shares of OSI Systems from $120.00 to $137.00 in a research note on Friday, April 28th.

Insiders Place Their Bets

In other OSI Systems news, insider Paul Keith Morben sold 565 shares of the business’s stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $118.39, for a total transaction of $66,890.35. Following the completion of the sale, the insider now directly owns 7,424 shares of the company’s stock, valued at approximately $878,927.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other OSI Systems news, insider Paul Keith Morben sold 565 shares of the business’s stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $118.39, for a total transaction of $66,890.35. Following the completion of the sale, the insider now directly owns 7,424 shares of the company’s stock, valued at approximately $878,927.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Deepak Chopra sold 15,000 shares of the business’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $117.14, for a total value of $1,757,100.00. Following the sale, the chief executive officer now directly owns 5,000 shares of the company’s stock, valued at $585,700. The disclosure for this sale can be found here. In the last three months, insiders sold 39,065 shares of company stock valued at $4,536,470. 6.20% of the stock is currently owned by insiders.

OSI Systems Stock Performance

OSI Systems stock opened at $120.28 on Friday. The stock has a 50-day simple moving average of $108.36 and a 200 day simple moving average of $95.40. The company has a quick ratio of 0.74, a current ratio of 1.41 and a debt-to-equity ratio of 0.21. OSI Systems, Inc. has a 12-month low of $69.31 and a 12-month high of $121.38. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 24.95, a P/E/G ratio of 1.79 and a beta of 0.94.

OSI Systems (NASDAQ:OSIS – Get Rating) last released its quarterly earnings results on Thursday, April 27th. The technology company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.02. OSI Systems had a return on equity of 14.73% and a net margin of 6.91%. The business had revenue of $302.89 million during the quarter, compared to analysts’ expectations of $302.92 million. During the same period in the previous year, the business posted $1.43 earnings per share. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, research analysts anticipate that OSI Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

About OSI Systems

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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.