Empowered Funds LLC Buys Shares of 8,010 OSI Systems, Inc. $OSIS

Empowered Funds LLC bought a new position in shares of OSI Systems, Inc. (NASDAQ:OSIS) during the 2nd quarter, Holdings Channel reports. The fund bought 8,010 shares of the technology company’s stock, valued at approximately $1,752,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Jupiter Topco LLC acquired a new stake in shares of OSI Systems in the second quarter valued at about $198,127,000. William Blair Investment Management LLC purchased a new stake in OSI Systems during the second quarter worth about $82,964,000. Primecap Management Co. CA acquired a new position in OSI Systems during the second quarter worth about $56,464,000. Neumeier Poma Investment Counsel LLC acquired a new position in OSI Systems during the second quarter worth about $48,664,031. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in OSI Systems in the third quarter valued at about $40,222,000. 89.21% of the stock is owned by institutional investors and hedge funds.

OSI Systems Stock Performance

NASDAQ:OSIS opened at $206.62 on Friday. The company has a market cap of $3.29 billion, a P/E ratio of 22.96, a P/E/G ratio of 1.55 and a beta of 1.20. The firm’s 50 day moving average is $218.21 and its two-hundred day moving average is $243.30. OSI Systems, Inc. has a fifty-two week low of $186.50 and a fifty-two week high of $311.72. The company has a quick ratio of 2.34, a current ratio of 3.15 and a debt-to-equity ratio of 1.20.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings data on Thursday, August 20th. The technology company reported $3.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.77 by $0.01. The company had revenue of $484.06 million during the quarter, compared to analysts’ expectations of $529.72 million. OSI Systems had a net margin of 8.66% and a return on equity of 20.33%. The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.84 EPS. OSI Systems has set its FY 2027 guidance at 11.130-11.490 EPS. Analysts expect that OSI Systems, Inc. will post 11.4 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on OSIS shares. Bank of America reduced their price target on shares of OSI Systems from $315.00 to $300.00 and set a “buy” rating for the company in a research report on Monday, July 20th. Oppenheimer lowered their price target on OSI Systems from $320.00 to $300.00 and set an “outperform” rating on the stock in a report on Friday, August 21st. Roth Capital reaffirmed a “buy” rating and issued a $274.00 price objective on shares of OSI Systems in a research note on Friday, August 21st. Weiss Ratings cut OSI Systems from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 30th. Finally, B. Riley Financial reissued a “buy” rating and issued a $265.00 target price (down from $320.00) on shares of OSI Systems in a report on Friday, August 21st. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $281.71.

OSI Systems Company Profile

OSI Systems, Inc (NASDAQ: OSIS) is a publicly traded technology company founded in 1987 and headquartered in Hawthorne, California. The company designs, develops and manufactures advanced security and inspection systems, optoelectronic devices and medical imaging equipment. Over its history, OSI Systems has grown its product offerings through internal research and development as well as strategic acquisitions, expanding its capabilities in mission-critical sensing and inspection technologies.

OSI Systems operates three primary business segments.