Brant Point Investment Management LLC Cuts Stake in OSI Systems, Inc. $OSIS

Key Points

• Brant Point Investment Management LLC reduced its stake in OSI Systems by 9.1%, selling 1,291 shares, leaving them with 12,840 shares valued at approximately $2.5 million.
• OSI Systems reported quarterly earnings of $3.24 per share, exceeding analysts' expectations, with revenues reaching $504.99 million, a 4.9% increase from the previous year.
• The stock currently holds a consensus rating of "Moderate Buy" with an average price target of $230.83, reflecting positive sentiment from multiple analysts.

Brant Point Investment Management LLC lowered its stake in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 9.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 12,840 shares of the technology company's stock after selling 1,291 shares during the quarter. Brant Point Investment Management LLC owned 0.08% of OSI Systems worth $2,495,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Truvestments Capital LLC lifted its position in OSI Systems by 14.7% in the first quarter. Truvestments Capital LLC now owns 2,597 shares of the technology company's stock valued at $505,000 after purchasing an additional 333 shares during the last quarter. Virtus Advisers LLC bought a new stake in OSI Systems in the first quarter valued at approximately $43,000. Axiom Investors LLC DE bought a new stake in OSI Systems in the first quarter valued at approximately $7,434,000. Oliver Luxxe Assets LLC lifted its position in OSI Systems by 6.9% in the first quarter. Oliver Luxxe Assets LLC now owns 22,878 shares of the technology company's stock valued at $4,446,000 after purchasing an additional 1,482 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. bought a new stake in OSI Systems in the first quarter valued at approximately $39,686,000. Institutional investors own 89.21% of the company's stock.

Insider Activity at OSI Systems

In other news, Director Meyer/ Luskin sold 1,000 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $237.15, for a total value of $237,150.00. Following the sale, the director directly owned 11,214 shares of the company's stock, valued at approximately $2,659,400.10. This represents a 8.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 5.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on OSIS. B. Riley boosted their price objective on OSI Systems from $255.00 to $260.00 and gave the company a "buy" rating in a research report on Friday, August 22nd. Oppenheimer restated an "outperform" rating and set a $270.00 target price on shares of OSI Systems in a report on Friday, August 22nd. Finally, Wall Street Zen upgraded OSI Systems from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $230.83.

OSI Systems Stock Up 0.4%

OSIS stock traded up $0.93 during midday trading on Monday, hitting $230.05. The stock had a trading volume of 122,191 shares, compared to its average volume of 218,996. The firm has a market cap of $3.87 billion, a price-to-earnings ratio of 26.44, a price-to-earnings-growth ratio of 1.91 and a beta of 1.30. The business has a 50-day moving average of $223.50 and a two-hundred day moving average of $212.55. OSI Systems, Inc. has a 52-week low of $129.84 and a 52-week high of $241.64. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.04 and a quick ratio of 1.46.

OSI Systems (NASDAQ:OSIS - Get Free Report) last issued its quarterly earnings results on Thursday, August 21st. The technology company reported $3.24 earnings per share for the quarter, topping the consensus estimate of $3.19 by $0.05. The company had revenue of $504.99 million for the quarter, compared to analysts' expectations of $497.22 million. OSI Systems had a return on equity of 18.69% and a net margin of 8.73%.The firm's revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.84 earnings per share. OSI Systems has set its FY 2026 guidance at 10.110-10.390 EPS. As a group, equities research analysts forecast that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

OSI Systems Profile

OSI Systems, Inc designs and manufactures electronic systems and components. It operates in three segments: Security, Healthcare, and Optoelectronics and Manufacturing. The Security segment offers baggage and parcel inspection, cargo and vehicle inspection, hold baggage and people screening, radiation monitoring, explosive and narcotics trace detection systems, and optical inspection systems under the Rapiscan name.