Wellington Management Group LLP Raises Position in OSI Systems, Inc. $OSIS

Wellington Management Group LLP boosted its position in OSI Systems, Inc. (NASDAQ:OSIS) by 89.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 177,616 shares of the technology company’s stock after purchasing an additional 83,862 shares during the period. Wellington Management Group LLP’s holdings in OSI Systems were worth $38,845,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Group One Trading LLC bought a new position in OSI Systems during the first quarter worth about $27,000. Danske Bank A S bought a new position in OSI Systems in the 3rd quarter worth approximately $25,000. Transamerica Financial Advisors LLC purchased a new position in OSI Systems in the 2nd quarter valued at approximately $26,000. Mcguire Capital Advisors Inc. bought a new position in shares of OSI Systems in the fourth quarter worth $32,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of OSI Systems during the 2nd quarter valued at $35,000. Institutional investors own 89.21% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on OSIS. Oppenheimer dropped their price objective on OSI Systems from $320.00 to $300.00 and set an “outperform” rating on the stock in a report on Friday, August 21st. Weiss Ratings downgraded shares of OSI Systems from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 30th. Citigroup cut their price objective on shares of OSI Systems from $345.00 to $279.00 and set a “buy” rating for the company in a research report on Monday, May 18th. Roth Capital restated a “buy” rating and set a $274.00 target price on shares of OSI Systems in a research report on Friday, August 21st. Finally, B. Riley Financial reissued a “buy” rating and issued a $265.00 price target (down from $320.00) on shares of OSI Systems in a 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $281.71.

OSI Systems Trading Down 1.2%

OSIS stock opened at $204.15 on Friday. The company has a market capitalization of $3.25 billion, a PE ratio of 22.68, a price-to-earnings-growth ratio of 1.55 and a beta of 1.20. OSI Systems, Inc. has a one year low of $186.50 and a one year high of $311.72. The company’s 50 day moving average price is $217.93 and its two-hundred day moving average price is $243.03. The company has a debt-to-equity ratio of 1.20, a quick ratio of 2.34 and a current ratio of 3.15.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings data on Thursday, August 20th. The technology company reported $3.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.77 by $0.01. OSI Systems had a net margin of 8.66% and a return on equity of 20.33%. The company had revenue of $484.06 million during the quarter, compared to analysts’ expectations of $529.72 million. During the same quarter in the prior year, the company earned $2.84 EPS. The firm’s revenue was up .1% on a year-over-year basis. OSI Systems has set its FY 2027 guidance at 11.130-11.490 EPS. As a group, analysts predict that OSI Systems, Inc. will post 11.4 earnings per share for the current fiscal year.

OSI Systems 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.