Manatuck Hill Partners LLC Acquires Shares of 33,300 OSI Systems, Inc. $OSIS

Manatuck Hill Partners LLC bought a new stake in shares of OSI Systems, Inc. (NASDAQ:OSIS) in the 2nd quarter, HoldingsChannel reports. The fund bought 33,300 shares of the technology company’s stock, valued at approximately $7,283,000. OSI Systems accounts for about 2.4% of Manatuck Hill Partners LLC’s portfolio, making the stock its 9th biggest holding.

Other hedge funds also recently made changes to their positions in the company. Royal Bank of Canada boosted its holdings in shares of OSI Systems by 519.8% in the 1st quarter. Royal Bank of Canada now owns 10,257 shares of the technology company’s stock worth $1,993,000 after buying an additional 8,602 shares during the last quarter. AQR Capital Management LLC raised its position in OSI Systems by 64.2% in the first quarter. AQR Capital Management LLC now owns 11,656 shares of the technology company’s stock worth $2,265,000 after acquiring an additional 4,558 shares during the period. Strs Ohio bought a new stake in OSI Systems in the first quarter worth about $97,000. Amundi boosted its stake in OSI Systems by 76,360.0% in the second quarter. Amundi now owns 3,823 shares of the technology company’s stock valued at $874,000 after acquiring an additional 3,818 shares during the last quarter. Finally, Gamco Investors INC. ET AL purchased a new position in OSI Systems in the second quarter valued at about $801,000. 89.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

OSIS has been the subject of a number of research reports. Oppenheimer reduced their target price on shares of OSI Systems from $320.00 to $300.00 and set an “outperform” rating for the company in a research report on Friday, August 21st. Bank of America lowered their price target on shares of OSI Systems from $315.00 to $300.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Roth Capital reiterated a “buy” rating and issued a $274.00 price objective on shares of OSI Systems in a research note on Friday. Weiss Ratings lowered 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 research report on Friday. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, OSI Systems has an average rating of “Moderate Buy” and a consensus price target of $281.71.

OSI Systems Trading Up 0.0%

Shares of OSI Systems stock opened at $204.07 on Wednesday. The stock has a market capitalization of $3.25 billion, a P/E ratio of 22.67, a P/E/G ratio of 1.54 and a beta of 1.21. OSI Systems, Inc. has a 52-week low of $186.50 and a 52-week high of $311.72. The company has a debt-to-equity ratio of 1.20, a quick ratio of 2.34 and a current ratio of 3.15. The stock’s 50-day simple moving average is $219.66 and its 200 day simple moving average is $246.27.

OSI Systems (NASDAQ:OSIS) last issued its 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 firm had revenue of $484.06 million during the quarter, compared to analyst estimates of $529.72 million. OSI Systems had a net margin of 8.66% and a return on equity of 20.33%. The company’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter last year, the business earned $2.84 earnings per share. OSI Systems has set its FY 2027 guidance at 11.130-11.490 EPS. As a group, research analysts anticipate that OSI Systems, Inc. will post 11.32 EPS for the current year.

About OSI Systems

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.