Primecap Management Co. CA Acquires New Shares in OSI Systems, Inc. $OSIS

Primecap Management Co. CA acquired a new position in shares of OSI Systems, Inc. (NASDAQ:OSIS) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 258,180 shares of the technology company’s stock, valued at approximately $56,464,000.

A number of other institutional investors and hedge funds have also bought and sold shares of OSIS. Abel Hall LLC raised its position in OSI Systems by 3.6% in the first quarter. Abel Hall LLC now owns 1,113 shares of the technology company’s stock valued at $296,000 after purchasing an additional 39 shares during the last quarter. CIBC Private Wealth Group LLC grew its holdings in shares of OSI Systems by 6.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 815 shares of the technology company’s stock worth $208,000 after purchasing an additional 49 shares during the last quarter. Severin Investments LLC increased its stake in shares of OSI Systems by 3.0% in the fourth quarter. Severin Investments LLC now owns 1,940 shares of the technology company’s stock valued at $495,000 after buying an additional 56 shares during the period. HB Wealth Management LLC increased its stake in shares of OSI Systems by 7.0% in the first quarter. HB Wealth Management LLC now owns 1,045 shares of the technology company’s stock valued at $277,000 after buying an additional 68 shares during the period. Finally, Maryland State Retirement & Pension System raised its holdings in OSI Systems by 3.2% in the 4th quarter. Maryland State Retirement & Pension System now owns 2,347 shares of the technology company’s stock valued at $599,000 after buying an additional 72 shares during the last quarter. Institutional investors and hedge funds own 89.21% of the company’s stock.

OSI Systems Price Performance

Shares of OSIS opened at $211.04 on Thursday. The business has a 50-day moving average of $219.53 and a 200-day moving average of $245.93. The company has a debt-to-equity ratio of 1.20, a current ratio of 3.15 and a quick ratio of 2.34. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 23.45, a price-to-earnings-growth ratio of 1.54 and a beta of 1.21. OSI Systems, Inc. has a 1 year low of $186.50 and a 1 year high of $311.72.

OSI Systems (NASDAQ:OSIS) last announced its earnings results on Thursday, August 20th. The technology company reported $3.78 EPS for the quarter, beating the consensus estimate of $3.77 by $0.01. The business had revenue of $484.06 million for the quarter, compared to analysts’ expectations 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 was up .1% on a year-over-year basis. During the same period in the prior year, the business posted $2.84 earnings per share. OSI Systems has set its FY 2027 guidance at 11.130-11.490 EPS. As a group, equities research analysts anticipate that OSI Systems, Inc. will post 11.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

OSIS has been the topic of several recent research reports. Roth Capital reiterated a “buy” rating and set a $274.00 target price on shares of OSI Systems in a research report on Friday, August 21st. Bank of America decreased 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 dropped their price target on shares of OSI Systems from $320.00 to $300.00 and set an “outperform” rating for the company in a research note on Friday, August 21st. Weiss Ratings lowered shares of 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 price objective (down from $320.00) on shares of OSI Systems in a research note on Friday, August 21st. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus 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.