Neumeier Poma Investment Counsel LLC Takes $48.66 Million Position in OSI Systems, Inc. $OSIS

Neumeier Poma Investment Counsel LLC purchased a new stake in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 222,515 shares of the technology company's stock, valued at approximately $48,664,031. OSI Systems comprises approximately 0.0% of Neumeier Poma Investment Counsel LLC's portfolio, making the stock its 10th biggest position. Neumeier Poma Investment Counsel LLC owned 1.35% of OSI Systems as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OSIS. Robeco Schweiz AG acquired a new position in shares of OSI Systems in the fourth quarter valued at approximately $7,791,000. M&T Bank Corp purchased a new position in OSI Systems during the fourth quarter valued at approximately $7,285,000. Jefferies Financial Group Inc. bought a new stake in shares of OSI Systems in the 4th quarter valued at about $3,504,000. Waverly Advisors LLC boosted its stake in OSI Systems by 1,283.8% in the 1st quarter. Waverly Advisors LLC now owns 12,302 shares of the technology company's stock worth $3,266,000 after purchasing an additional 11,413 shares in the last quarter. Finally, Empowered Funds LLC purchased a new position in shares of OSI Systems during the 1st quarter valued at about $2,103,000. 89.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

OSIS has been the topic of a number of research reports. Bank of America cut 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 note on Monday, July 20th. Weiss Ratings lowered shares of OSI Systems from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, July 30th. Citigroup reduced their price objective on shares of OSI Systems from $345.00 to $279.00 and set a "buy" rating for the company in a research report on Monday, May 18th. Roth Capital reiterated a "buy" rating and issued a $274.00 price objective on shares of OSI Systems in a research report on Friday, August 21st. Finally, B. Riley Financial reiterated 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 analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, OSI Systems currently has an average rating of "Moderate Buy" and an average target price of $281.71.

OSI Systems Trading Down 2.1%

Shares of NASDAQ OSIS traded down $4.48 during midday trading on Friday, hitting $206.41. The company's stock had a trading volume of 134,849 shares, compared to its average volume of 277,540. The firm has a market cap of $3.29 billion, a P/E ratio of 22.93, a price-to-earnings-growth ratio of 1.59 and a beta of 1.21. OSI Systems, Inc. has a 12-month low of $186.50 and a 12-month 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 business's 50 day moving average is $219.29 and its two-hundred day moving average is $245.51.

OSI Systems (NASDAQ:OSIS - Get Free Report) last issued its earnings results on Thursday, August 20th. The technology company reported $3.78 EPS for the quarter, beating analysts' consensus estimates of $3.77 by $0.01. The business had revenue of $484.06 million during the quarter, compared to analysts' expectations of $529.72 million. OSI Systems had a net margin of 8.66% and a return on equity of 20.33%. The company's quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.84 earnings per share. OSI Systems has set its FY 2027 guidance at 11.130-11.490 EPS. As a group, equities research analysts expect that OSI Systems, Inc. will post 11.32 EPS for the current year.

OSI Systems Company Profile

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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