Federated Hermes Inc. Grows Stock Position in OSI Systems, Inc. (NASDAQ:OSIS)

Federated Hermes Inc. boosted its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 9.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,416 shares of the technology company’s stock after buying an additional 215 shares during the quarter. Federated Hermes Inc.’s holdings in OSI Systems were worth $405,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Aster Capital Management DIFC Ltd acquired a new position in OSI Systems in the fourth quarter valued at about $25,000. Richardson Financial Services Inc. increased its holdings in OSI Systems by 65.6% in the 4th quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock valued at $26,000 after purchasing an additional 61 shares during the last quarter. Smartleaf Asset Management LLC raised its position in OSI Systems by 243.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company’s stock valued at $46,000 after purchasing an additional 195 shares during the period. CIBC Private Wealth Group LLC boosted its position in shares of OSI Systems by 241.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 683 shares of the technology company’s stock worth $108,000 after buying an additional 483 shares during the period. Finally, KBC Group NV grew its stake in shares of OSI Systems by 37.1% in the fourth quarter. KBC Group NV now owns 699 shares of the technology company’s stock valued at $117,000 after buying an additional 189 shares in the last quarter. Institutional investors and hedge funds own 89.21% of the company’s stock.

Insider Activity

In related news, insider Paul Keith Morben sold 155 shares of the company’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $199.36, for a total value of $30,900.80. Following the completion of the sale, the insider now owns 10,077 shares in the company, valued at $2,008,950.72. This represents a 1.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gerald M. Chizever sold 2,701 shares of the firm’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $195.83, for a total transaction of $528,936.83. Following the transaction, the director now directly owns 5,000 shares in the company, valued at $979,150. The trade was a 35.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.20% of the company’s stock.

OSI Systems Price Performance

Shares of NASDAQ OSIS opened at $194.19 on Friday. The stock’s 50-day simple moving average is $194.56 and its 200-day simple moving average is $175.37. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 1.88. The firm has a market capitalization of $3.26 billion, a PE ratio of 24.99, a price-to-earnings-growth ratio of 1.81 and a beta of 1.19. OSI Systems, Inc. has a fifty-two week low of $126.57 and a fifty-two week high of $220.00.

OSI Systems (NASDAQ:OSIS) last issued its earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.34 by $0.08. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. As a group, equities research analysts forecast that OSI Systems, Inc. will post 9.22 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. StockNews.com downgraded OSI Systems from a “hold” rating to a “sell” rating in a research report on Thursday, March 27th. Roth Mkm raised their price target on shares of OSI Systems from $178.00 to $224.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Oppenheimer upped their price objective on OSI Systems from $205.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. began coverage on OSI Systems in a report on Friday, February 21st. They issued a “neutral” rating and a $225.00 target price for the company. Finally, B. Riley increased their price target on OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $213.33.

OSI Systems Company 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.