Equitable Holdings Inc. Buys New Stake in OSI Systems, Inc. $OSIS

Key Points

• Equitable Holdings bought a new OSI Systems stake of 5,119 shares valued at approximately $1.12 million during the second quarter. Institutional investors and hedge funds collectively own 89.21% of OSIS shares.
• Analysts maintain a generally positive outlook, with five Buy ratings and two Holds, producing a consensus “Moderate Buy” rating and an average price target of $281.71. However, several firms recently lowered their targets.
• OSI Systems’ shares opened at $206.64, down 2%, while its latest quarterly results slightly beat EPS estimates at $3.78 but missed revenue expectations, reporting $484.06 million versus $529.72 million forecast.

Equitable Holdings Inc. bought a new position in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 5,119 shares of the technology company's stock, valued at approximately $1,120,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OSIS. Royal Bank of Canada increased its stake in shares of OSI Systems by 519.8% in the first quarter. Royal Bank of Canada now owns 10,257 shares of the technology company's stock worth $1,993,000 after purchasing an additional 8,602 shares during the period. AQR Capital Management LLC boosted its stake in OSI Systems by 64.2% during the 1st quarter. AQR Capital Management LLC now owns 11,656 shares of the technology company's stock valued at $2,265,000 after purchasing an additional 4,558 shares during the period. Strs Ohio bought a new stake in OSI Systems during the 1st quarter valued at approximately $97,000. Amundi grew its holdings in OSI Systems by 76,360.0% in the 2nd quarter. Amundi now owns 3,823 shares of the technology company's stock valued at $874,000 after buying an additional 3,818 shares during the last quarter. Finally, Gamco Investors INC. ET AL acquired a new stake in OSI Systems in the 2nd quarter valued at approximately $801,000. Institutional investors and hedge funds own 89.21% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on OSIS. B. Riley Financial reiterated a "buy" rating and set a $265.00 price target (down from $320.00) on shares of OSI Systems in a report on Friday, August 21st. Roth Capital reaffirmed a "buy" rating and set a $274.00 target price on shares of OSI Systems in a research report on Friday, August 21st. Bank of America reduced their price target on shares of OSI Systems from $315.00 to $300.00 and set a "buy" rating for the company in a report on Monday, July 20th. Weiss Ratings downgraded shares of OSI Systems from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, July 30th. Finally, Citigroup reduced their target price on shares of OSI Systems from $345.00 to $279.00 and set a "buy" rating for the company in a research note on Monday, May 18th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $281.71.

OSI Systems Stock Down 2.0%

Shares of OSIS stock opened at $206.64 on Friday. OSI Systems, Inc. has a one year low of $186.50 and a one year high of $311.72. The company has a debt-to-equity ratio of 1.20, a current ratio of 3.15 and a quick ratio of 2.34. The stock has a fifty day moving average price of $218.97 and a 200 day moving average price of $245.24. The stock has a market cap of $3.29 billion, a P/E ratio of 22.96, a price-to-earnings-growth ratio of 1.59 and a beta of 1.21.

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, beating the consensus estimate of $3.77 by $0.01. OSI Systems had a net margin of 8.66% and a return on equity of 20.33%. The firm had revenue of $484.06 million for the quarter, compared to analyst estimates of $529.72 million. During the same quarter in the previous year, the firm posted $2.84 EPS. The business's revenue for the quarter was up .1% on a year-over-year basis. OSI Systems has set its FY 2027 guidance at 11.130-11.490 EPS. Analysts predict that OSI Systems, Inc. will post 11.32 earnings per share 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.

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