Legal & General Group Plc Buys Shares of 37,031 OSI Systems, Inc. $OSIS

Key Points

• Legal & General Group acquired 37,031 OSI Systems shares worth approximately $8.1 million, while institutional investors collectively own 89.21% of the company.
• Analysts remain generally positive, with five Buy ratings and two Holds; however, several firms recently lowered their price targets. OSI Systems has a consensus rating of “Moderate Buy” and an average target of $281.71.
• OSI Systems reported quarterly EPS of $3.78, narrowly beating estimates, while revenue reached $484.06 million and increased slightly year over year. Shares opened at $208.52, well below their 52-week high of $311.72.

Legal & General Group Plc bought a new stake in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 37,031 shares of the technology company's stock, valued at approximately $8,099,000. Legal & General Group Plc owned approximately 0.22% of OSI Systems as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of OSIS. The Manufacturers Life Insurance Company acquired a new position in OSI Systems during the second quarter valued at $1,783,000. Sanctuary Advisors LLC acquired a new stake in OSI Systems during the 2nd quarter worth about $310,000. Neumeier Poma Investment Counsel LLC purchased a new position in OSI Systems during the 2nd quarter valued at about $48,664,031. PEAK6 LLC purchased a new position in OSI Systems during the 2nd quarter valued at about $723,000. Finally, Daiichi Life Insurance Co. Ltd. acquired a new position in shares of OSI Systems in the 2nd quarter valued at about $4,680,000. Institutional investors and hedge funds own 89.21% of the company's stock.

Wall Street Analysts Forecast Growth

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

OSI Systems Price Performance

Shares of NASDAQ:OSIS opened at $208.52 on Wednesday. The stock has a market capitalization of $3.32 billion, a P/E ratio of 23.17, a P/E/G ratio of 1.57 and a beta of 1.20. The business has a 50-day moving average of $218.60 and a two-hundred day moving average of $244.15. OSI Systems, Inc. has a fifty-two week low of $186.50 and a fifty-two week 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.

OSI Systems (NASDAQ:OSIS - Get Free Report) last issued its quarterly earnings data on Thursday, August 20th. The technology company reported $3.78 EPS for the quarter, beating analysts' consensus estimates of $3.77 by $0.01. OSI Systems had a return on equity of 20.33% and a net margin of 8.66%.The business had revenue of $484.06 million for the quarter, compared to analyst estimates of $529.72 million. During the same quarter in the prior year, the firm posted $2.84 EPS. The firm'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. On average, equities research analysts predict that OSI Systems, Inc. will post 11.32 EPS for the current fiscal 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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