Empowered Funds LLC Takes $2.10 Million Position in OSI Systems, Inc. $OSIS

Empowered Funds LLC purchased a new stake in OSI Systems, Inc. (NASDAQ:OSIS) during the first quarter, according to its most recent filing with the SEC. The firm purchased 7,922 shares of the technology company’s stock, valued at approximately $2,103,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Asset Management One Co. Ltd. raised its holdings in OSI Systems by 46.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 76,560 shares of the technology company’s stock worth $20,274,000 after purchasing an additional 24,243 shares during the period. Oak Ridge Investments LLC acquired a new position in shares of OSI Systems in the 4th quarter valued at $2,489,000. M&T Bank Corp acquired a new position in shares of OSI Systems in the 4th quarter valued at $7,285,000. Robeco Schweiz AG bought a new stake in shares of OSI Systems in the 4th quarter valued at $7,791,000. Finally, Jefferies Financial Group Inc. bought a new stake in shares of OSI Systems in the 4th quarter valued at $3,504,000. Institutional investors own 89.21% of the company’s stock.

OSI Systems Trading Up 0.9%

Shares of OSI Systems stock opened at $237.10 on Friday. The company has a market capitalization of $3.91 billion, a price-to-earnings ratio of 27.07, a P/E/G ratio of 1.76 and a beta of 1.21. The business has a fifty day simple moving average of $217.98 and a two-hundred day simple moving average of $250.80. OSI Systems, Inc. has a 1 year low of $197.27 and a 1 year high of $311.72. The company has a debt-to-equity ratio of 1.12, a current ratio of 3.25 and a quick ratio of 2.42.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings results on Monday, May 4th. The technology company reported $2.60 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.07. The business had revenue of $453.25 million during the quarter, compared to analysts’ expectations of $449.23 million. OSI Systems had a return on equity of 18.84% and a net margin of 8.42%.The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the firm posted $2.44 EPS. Research analysts forecast that OSI Systems, Inc. will post 10.4 EPS for the current year.

Wall Street Analyst Weigh In

OSIS has been the topic of several recent analyst reports. Citigroup reduced their target price on OSI Systems from $345.00 to $279.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Bank of America cut their price objective on OSI Systems from $315.00 to $300.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Weiss Ratings lowered OSI Systems from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 30th. Finally, Roth Capital reissued a “buy” rating and set a $310.00 target price on shares of OSI Systems in a research note on Tuesday, May 5th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $291.86.

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.