First Hawaiian Bank Has $1.38 Million Stake in OSI Systems, Inc. (NASDAQ:OSIS)

First Hawaiian Bank reduced its holdings in OSI Systems, Inc. (NASDAQ:OSIS) by 4.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,214 shares of the technology company’s stock after selling 385 shares during the period. First Hawaiian Bank’s holdings in OSI Systems were worth $1,375,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp lifted its stake in shares of OSI Systems by 0.9% in the 3rd quarter. State Street Corp now owns 727,690 shares of the technology company’s stock valued at $110,485,000 after purchasing an additional 6,514 shares during the period. Victory Capital Management Inc. increased its holdings in OSI Systems by 25.8% in the third quarter. Victory Capital Management Inc. now owns 123,213 shares of the technology company’s stock valued at $18,707,000 after purchasing an additional 25,262 shares during the last quarter. Renaissance Technologies LLC lifted its stake in OSI Systems by 79.8% in the second quarter. Renaissance Technologies LLC now owns 25,683 shares of the technology company’s stock valued at $3,532,000 after buying an additional 11,400 shares during the period. HighTower Advisors LLC bought a new position in OSI Systems during the third quarter worth about $443,000. Finally, Citigroup Inc. grew its position in shares of OSI Systems by 64.9% during the 3rd quarter. Citigroup Inc. now owns 27,320 shares of the technology company’s stock worth $4,148,000 after buying an additional 10,753 shares during the period. 89.21% of the stock is owned by institutional investors.

Insider Transactions at OSI Systems

In related news, insider Manoocher M. Aliabadi sold 1,728 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $180.39, for a total transaction of $311,713.92. Following the completion of the transaction, the insider now directly owns 80,603 shares of the company’s stock, valued at approximately $14,539,975.17. This represents a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Deepak Chopra sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $187.66, for a total value of $3,753,200.00. Following the transaction, the chief executive officer now directly owns 404,323 shares in the company, valued at $75,875,254.18. This trade represents a 4.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,591 shares of company stock valued at $7,557,745 over the last 90 days. 5.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

OSIS has been the topic of several recent analyst reports. Bank of America began coverage on shares of OSI Systems in a research note on Monday, September 30th. They set a “buy” rating and a $175.00 price objective on the stock. StockNews.com raised shares of OSI Systems from a “sell” rating to a “hold” rating in a report on Tuesday, December 10th. Finally, Wells Fargo & Company lifted their target price on OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, OSI Systems presently has a consensus rating of “Moderate Buy” and an average price target of $179.00.

OSI Systems Trading Down 3.5 %

OSIS opened at $157.66 on Friday. The firm’s fifty day simple moving average is $166.92 and its 200 day simple moving average is $151.50. The stock has a market capitalization of $2.63 billion, a P/E ratio of 20.58, a P/E/G ratio of 1.55 and a beta of 1.19. The company has a current ratio of 1.84, a quick ratio of 1.20 and a debt-to-equity ratio of 0.60. OSI Systems, Inc. has a 12 month low of $120.42 and a 12 month high of $189.13.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings data on Thursday, October 24th. The technology company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.19. The company had revenue of $344.01 million during the quarter, compared to analysts’ expectations of $318.66 million. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. OSI Systems’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 earnings per share. As a group, research analysts anticipate that OSI Systems, Inc. will post 9.13 EPS for the current fiscal year.

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.