37,031 Shares in OSI Systems, Inc. $OSIS Bought by Legal & General Group Plc

Legal & General Group Plc bought a new position in shares of OSI Systems, Inc. (NASDAQ:OSIS) in the second quarter, HoldingsChannel.com reports. The firm bought 37,031 shares of the technology company’s stock, valued at approximately $8,099,000.

A number of other hedge funds also recently bought and sold shares of the company. Danske Bank A S bought a new position in shares of OSI Systems in the third quarter worth about $25,000. Group One Trading LLC acquired a new stake in OSI Systems in the 1st quarter valued at approximately $27,000. Mcguire Capital Advisors Inc. acquired a new stake in OSI Systems in the 4th quarter valued at approximately $32,000. Keating Financial Advisory Services Inc. bought a new position in OSI Systems in the 2nd quarter worth approximately $39,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of OSI Systems by 119.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 169 shares of the technology company’s stock worth $43,000 after buying an additional 92 shares during the last quarter. 89.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on OSIS shares. Roth Capital restated a “buy” rating and issued a $274.00 price objective on shares of OSI Systems in a research note 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 on the stock in a research report on Monday, July 20th. Citigroup dropped their price objective on shares of OSI Systems from $345.00 to $279.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Weiss Ratings lowered shares of OSI Systems from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 30th. Finally, 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 research note on Friday, August 21st. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, OSI Systems has a consensus rating of “Moderate Buy” and an average price target of $281.71.

OSI Systems Price Performance

Shares of OSI Systems stock opened at $208.52 on Wednesday. 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 firm’s 50-day simple moving average is $218.60 and its 200-day simple moving average is $244.15. OSI Systems, Inc. has a twelve month low of $186.50 and a twelve month high of $311.72. The firm has a market cap of $3.32 billion, a P/E ratio of 23.17, a price-to-earnings-growth ratio of 1.57 and a beta of 1.20.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings results on Thursday, August 20th. The technology company reported $3.78 earnings per share (EPS) for the quarter, topping the consensus estimate 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% compared to the same quarter last year. During the same quarter 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, research analysts expect that OSI Systems, Inc. will post 11.32 EPS for the current fiscal 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.