California State Teachers Retirement System Lowers Stock Position in OSI Systems, Inc. $OSIS

Key Points

• California State Teachers Retirement System reduced its OSI Systems stake by 2.8% to 18,144 shares, while other institutional investors initiated significant positions. Institutions and hedge funds collectively own 89.21% of the company.
• OSI Systems shares traded at $200.97, near the lower end of their 52-week range. The company slightly beat quarterly EPS estimates at $3.78, but revenue of $484.06 million fell short of the $529.72 million consensus.
• Analysts maintain a generally positive outlook, with five Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of $281.71, despite several recent target reductions.

California State Teachers Retirement System lowered its stake in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 2.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,144 shares of the technology company's stock after selling 526 shares during the period. California State Teachers Retirement System owned about 0.11% of OSI Systems worth $3,968,093 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Jupiter Topco LLC bought a new stake in OSI Systems in the second quarter valued at about $198,127,000. William Blair Investment Management LLC bought a new position in OSI Systems in the 2nd quarter valued at $82,964,000. Primecap Management Co. CA bought a new position in shares of OSI Systems during the 2nd quarter valued at about $56,464,000. Neumeier Poma Investment Counsel LLC acquired a new stake in OSI Systems in the 2nd quarter valued at about $48,664,031. Finally, Bank of America Corp DE bought a new position in OSI Systems in the 2nd quarter valued at about $30,036,000. Institutional investors and hedge funds own 89.21% of the company's stock.

OSI Systems Stock Up 0.5%

NASDAQ OSIS traded up $1.02 during trading hours on Tuesday, hitting $200.97. The company's stock had a trading volume of 159,091 shares, compared to its average volume of 276,164. OSI Systems, Inc. has a 52 week low of $186.50 and a 52 week high of $311.72. 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's 50-day simple moving average is $215.94 and its two-hundred day simple moving average is $239.34. The company has a market capitalization of $3.20 billion, a PE ratio of 22.33, a price-to-earnings-growth ratio of 1.54 and a beta of 1.20.

OSI Systems (NASDAQ:OSIS - Get Free Report) last posted its earnings results on Thursday, August 20th. The technology company reported $3.78 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $484.06 million for the quarter, compared to analysts' expectations of $529.72 million. During the same period in the previous year, the firm earned $2.84 earnings per share. The business's revenue was up .1% compared to the same quarter last year. OSI Systems has set its FY 2027 guidance at 11.130-11.490 EPS. Research analysts anticipate that OSI Systems, Inc. will post 11.35 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on OSIS. Roth Capital reiterated a "buy" rating and set a $274.00 price target on shares of OSI Systems in a research report on Friday, August 21st. Bank of America lowered their price objective on OSI Systems from $315.00 to $300.00 and set a "buy" rating for the company in a research report on Monday, July 20th. Oppenheimer dropped their target price on shares of OSI Systems from $320.00 to $300.00 and set an "outperform" rating for the company in a report on Friday, August 21st. Weiss Ratings downgraded OSI Systems from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, July 30th. Finally, B. Riley Financial reissued a "buy" rating and set a $265.00 price objective (down from $320.00) on shares of OSI Systems in a report on Friday, August 21st. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $281.71.

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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