33,300 Shares in OSI Systems, Inc. $OSIS Bought by Manatuck Hill Partners LLC

Manatuck Hill Partners LLC acquired a new stake in OSI Systems, Inc. (NASDAQ:OSIS) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 33,300 shares of the technology company’s stock, valued at approximately $7,283,000. OSI Systems accounts for 2.4% of Manatuck Hill Partners LLC’s investment portfolio, making the stock its 9th largest position. Manatuck Hill Partners LLC owned about 0.20% of OSI Systems at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. 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 $48,664,031,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of OSI Systems in the 3rd quarter worth 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.

Analysts Set New Price Targets

A number of equities analysts have issued reports on OSIS shares. 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. Roth Capital reiterated a “buy” rating and issued a $274.00 price target on shares of OSI Systems in a report on Friday. B. Riley Financial reiterated a “buy” rating and issued a $265.00 target price (down from $320.00) on shares of OSI Systems in a report on Friday. Citigroup decreased their price target on shares of OSI Systems from $345.00 to $279.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Finally, Weiss Ratings downgraded shares of OSI Systems from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 30th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $281.71.

OSI Systems Stock Performance

Shares of OSIS stock opened at $204.07 on Wednesday. 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 firm has a 50-day moving average of $219.66 and a 200-day moving average of $246.27. OSI Systems, Inc. has a one year low of $186.50 and a one year high of $311.72. The company has a market cap 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 (NASDAQ:OSIS) last released its quarterly earnings results on Thursday, August 20th. The technology company reported $3.78 earnings per share for the quarter, topping the consensus estimate of $3.77 by $0.01. OSI Systems had a net margin of 8.66% and a return on equity of 20.33%. The business had revenue of $484.06 million for the quarter, compared to analysts’ expectations of $529.72 million. During the same period in the previous year, the company earned $2.84 earnings per share. The firm’s revenue for the quarter 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 research analysts forecast that OSI Systems, Inc. will post 11.32 EPS for the current fiscal year.

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.