Bank of America Corp DE Makes New $30.04 Million Investment in OSI Systems, Inc. $OSIS

Key Points

• Bank of America acquired 137,340 OSI Systems shares worth approximately $30.04 million during the second quarter, representing about 0.83% of the company. Institutional investors and hedge funds collectively own 89.21% of OSI Systems.
• Analysts maintain a generally positive outlook, with five Buy ratings and two Holds. The stock has a consensus rating of “Moderate Buy” and an average price target of $281.71, despite several recent target-price reductions.
• OSI Systems exceeded quarterly EPS expectations with $3.78 versus $3.77, but revenue of $484.06 million fell short of the $529.72 million consensus estimate. Shares opened at $200.84, well below their 12-month high of $311.72.

Bank of America Corp DE acquired a new stake in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 137,340 shares of the technology company's stock, valued at approximately $30,036,000. Bank of America Corp DE owned about 0.83% of OSI Systems as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in OSIS. Jupiter Topco LLC acquired a new stake in shares of OSI Systems during the 2nd quarter worth approximately $198,127,000. Janus Henderson Group PLC raised its stake in shares of OSI Systems by 2.6% during the first quarter. Janus Henderson Group PLC now owns 772,314 shares of the technology company's stock worth $205,056,000 after buying an additional 19,747 shares during the last quarter. Geode Capital Management LLC lifted its holdings in OSI Systems by 4.2% in the fourth quarter. Geode Capital Management LLC now owns 410,963 shares of the technology company's stock valued at $104,836,000 after buying an additional 16,692 shares during the period. William Blair Investment Management LLC acquired a new position in OSI Systems in the second quarter valued at approximately $82,964,000. Finally, Clark Capital Management Group Inc. boosted its stake in OSI Systems by 2.6% in the fourth quarter. Clark Capital Management Group Inc. now owns 266,114 shares of the technology company's stock valued at $67,875,000 after acquiring an additional 6,663 shares during the last quarter. 89.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on OSIS shares. Weiss Ratings lowered shares of OSI Systems from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, July 30th. Roth Capital reissued a "buy" rating and issued a $274.00 price target on shares of OSI Systems in a research note on Friday, August 21st. Oppenheimer reduced 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. Bank of America decreased their price objective on OSI Systems from $315.00 to $300.00 and set a "buy" rating for the company in a research note on Monday, July 20th. Finally, B. Riley Financial reissued 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 equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, OSI Systems currently has an average rating of "Moderate Buy" and a consensus target price of $281.71.

OSI Systems Stock Performance

Shares of OSI Systems stock opened at $200.84 on Wednesday. The stock's fifty day simple moving average is $214.14 and its 200 day simple moving average is $235.62. The company has a current ratio of 3.15, a quick ratio of 2.34 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $3.20 billion, a PE ratio of 22.32, a PEG ratio of 1.51 and a beta of 1.20. OSI Systems, Inc. has a 12 month low of $186.50 and a 12 month high of $311.72.

OSI Systems (NASDAQ:OSIS - Get Free Report) last announced 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. OSI Systems had a return on equity of 20.33% and a net margin of 8.66%.The company had revenue of $484.06 million during the quarter, compared to the consensus estimate of $529.72 million. During the same period in the prior year, the company earned $2.84 earnings per share. The company'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. On average, research analysts predict that OSI Systems, Inc. will post 11.35 EPS for the current year.

OSI Systems Profile

OSI Systems, Inc NASDAQ: OSIS is a vertically integrated technology company that designs and manufactures specialized electronic systems for security, healthcare, and optoelectronic applications. The company serves government agencies, transportation authorities, hospitals, medical providers, defense contractors, and commercial customers worldwide.

Through its Rapiscan Systems business, OSI Systems provides security inspection and screening products, including baggage and parcel inspection systems, cargo and vehicle screening equipment, people-screening technologies, radiation detection systems, and related security services.

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