Livforsakringsbolaget Skandia Omsesidigt Takes $2.82 Million Position in OSI Systems, Inc. $OSIS

Livforsakringsbolaget Skandia Omsesidigt bought a new stake in OSI Systems, Inc. (NASDAQ:OSIS) during the second quarter, HoldingsChannel reports. The firm bought 12,900 shares of the technology company’s stock, valued at approximately $2,821,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Empowered Funds LLC acquired a new position in OSI Systems during the second quarter valued at approximately $1,752,000. Equitable Holdings Inc. acquired a new position in shares of OSI Systems during the 2nd quarter worth approximately $1,120,000. Public Employees Retirement System of Ohio acquired a new position in OSI Systems during the second quarter worth $35,000. Pure Financial Advisors LLC bought a new stake in shares of OSI Systems in the 2nd quarter valued at about $437,000. Finally, Transamerica Financial Advisors LLC bought a new stake in OSI Systems in the second quarter valued at approximately $26,000. Institutional investors own 89.21% of the company’s stock.

OSI Systems Stock Down 2.0%

Shares of NASDAQ OSIS opened at $206.64 on Friday. 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 company has a market capitalization of $3.29 billion, a P/E ratio of 22.96, a price-to-earnings-growth ratio of 1.59 and a beta of 1.21. The company’s 50 day moving average price is $218.97 and its 200-day moving average price is $245.24. OSI Systems, Inc. has a 52-week low of $186.50 and a 52-week high of $311.72.

OSI Systems (NASDAQ:OSIS) last issued 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. OSI Systems had a return on equity of 20.33% and a net margin of 8.66%.The firm had revenue of $484.06 million during the quarter, compared to the consensus estimate of $529.72 million. During the same period last year, the business posted $2.84 EPS. The business’s revenue was up .1% compared to the same quarter last year. OSI Systems has set its FY 2027 guidance at 11.130-11.490 EPS. Equities analysts forecast that OSI Systems, Inc. will post 11.32 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Bank of America dropped their price objective on shares of OSI Systems from $315.00 to $300.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. Weiss Ratings downgraded shares of OSI Systems from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 30th. 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. Oppenheimer decreased their price target on shares of OSI Systems from $320.00 to $300.00 and set an “outperform” rating on the stock in a report on Friday, August 21st. Finally, Roth Capital reaffirmed a “buy” rating and issued a $274.00 target price on shares of OSI Systems in a report 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. According to data from MarketBeat, OSI Systems has a consensus rating of “Moderate Buy” and a consensus price target of $281.71.

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.