PDT Partners LLC Takes Position in OSI Systems, Inc. $OSIS

PDT Partners LLC purchased a new position in shares of OSI Systems, Inc. (NASDAQ:OSIS) in the second quarter, HoldingsChannel reports. The fund purchased 34,904 shares of the technology company’s stock, valued at approximately $7,634,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Manatuck Hill Partners LLC bought a new position in OSI Systems in the second quarter valued at $7,283,000. Legal & General Group Plc bought a new position in OSI Systems in the second quarter valued at approximately $8,099,000. The Manufacturers Life Insurance Company acquired a new position in shares of OSI Systems during the 2nd quarter worth approximately $1,783,000. Sanctuary Advisors LLC acquired a new position in shares of OSI Systems during the 2nd quarter worth approximately $310,000. Finally, Neumeier Poma Investment Counsel LLC bought a new stake in shares of OSI Systems during the 2nd quarter worth approximately $48,664,031,000. 89.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on OSIS shares. Bank of America lowered their target price 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. B. Riley Financial restated a “buy” rating and set a $265.00 price objective (down from $320.00) on shares of OSI Systems in a research note on Friday. Roth Capital reiterated a “buy” rating and issued a $274.00 target price on shares of OSI Systems in a research note on Friday. Citigroup reduced their price target on OSI Systems from $345.00 to $279.00 and set a “buy” rating for the company in a report on Monday, May 18th. Finally, Oppenheimer lowered their price target on OSI Systems from $320.00 to $300.00 and set an “outperform” rating on the stock in a research report on Friday, August 21st. Five equities research analysts have rated the stock with a Buy rating and two have given 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 price target of $281.71.

OSI Systems Stock Performance

NASDAQ OSIS opened at $204.07 on Wednesday. The stock has a market cap of $3.25 billion, a PE ratio of 22.67, a P/E/G ratio of 1.54 and a beta of 1.21. 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 has a 50-day moving average of $219.66 and a 200-day moving average of $246.27. OSI Systems, Inc. has a 52-week low of $186.50 and a 52-week high of $311.72.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings results on Thursday, August 20th. The technology company reported $3.78 EPS for the quarter, beating analysts’ consensus estimates of $3.77 by $0.01. The business had revenue of $484.06 million for 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%. OSI Systems’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.84 EPS. OSI Systems has set its FY 2027 guidance at 11.130-11.490 EPS. On average, sell-side 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.