The Manufacturers Life Insurance Company Invests $1.78 Million in OSI Systems, Inc. $OSIS

The Manufacturers Life Insurance Company bought a new position in shares of OSI Systems, Inc. (NASDAQ:OSIS) in the second quarter, Holdings Channel.com reports. The fund bought 8,153 shares of the technology company’s stock, valued at approximately $1,783,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. William Blair Investment Management LLC bought a new stake in OSI Systems during the second quarter valued at $82,964,000. Neumeier Poma Investment Counsel LLC bought a new position in shares of OSI Systems in the 2nd quarter worth about $48,664,031. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of OSI Systems in the 3rd quarter valued at about $40,222,000. UBS Group AG lifted its stake in shares of OSI Systems by 63.8% in the 3rd quarter. UBS Group AG now owns 316,334 shares of the technology company’s stock valued at $78,843,000 after purchasing an additional 123,212 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of OSI Systems during the 2nd quarter valued at about $13,576,000. Institutional investors and hedge funds own 89.21% of the company’s stock.

OSI Systems Stock Performance

Shares of OSI Systems stock opened at $206.62 on Friday. OSI Systems, Inc. has a one year low of $186.50 and a one year high of $311.72. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 22.96, a PEG ratio of 1.55 and a beta of 1.20. The business has a 50-day simple moving average of $218.21 and a 200 day simple moving average of $243.30. The company has a debt-to-equity ratio of 1.20, a current ratio of 3.15 and a quick ratio of 2.34.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings results on Thursday, August 20th. The technology company reported $3.78 earnings per share for the quarter, topping analysts’ consensus estimates of $3.77 by $0.01. The business had revenue of $484.06 million for the quarter, compared to the consensus estimate of $529.72 million. OSI Systems had a return on equity of 20.33% and a net margin of 8.66%.The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the prior year, the business earned $2.84 EPS. OSI Systems has set its FY 2027 guidance at 11.130-11.490 EPS. On average, research analysts anticipate that OSI Systems, Inc. will post 11.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

OSI Systems 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.