MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Stock Position in OSI Systems, Inc. $OSIS

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in OSI Systems, Inc. by 51.0%, now holding 72,764 shares worth $14,141,000 as of the latest SEC filing.
• OSI Systems' stock is currently trading at $239.55 after a 1.6% increase, with a market cap of $4.03 billion and a P/E ratio of 27.53.
• The company reported earnings per share of $3.24 in its latest quarter, beating estimates and demonstrating a year-over-year revenue growth of 4.9%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 51.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,764 shares of the technology company's stock after buying an additional 24,575 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.43% of OSI Systems worth $14,141,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in OSIS. National Bank of Canada FI boosted its position in shares of OSI Systems by 118.2% during the 1st quarter. National Bank of Canada FI now owns 144 shares of the technology company's stock worth $28,000 after purchasing an additional 78 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of OSI Systems by 139.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 194 shares of the technology company's stock worth $38,000 after purchasing an additional 113 shares during the period. Virtus Advisers LLC purchased a new position in shares of OSI Systems during the 1st quarter worth approximately $43,000. Xponance Inc. purchased a new position in shares of OSI Systems during the 1st quarter worth approximately $233,000. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of OSI Systems during the 1st quarter worth approximately $234,000. Hedge funds and other institutional investors own 89.21% of the company's stock.

Insider Transactions at OSI Systems

In related news, insider Paul Keith Morben sold 1,671 shares of the company's stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $236.76, for a total value of $395,625.96. Following the completion of the transaction, the insider directly owned 8,749 shares of the company's stock, valued at $2,071,413.24. This represents a 16.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. B. Riley increased their price objective on shares of OSI Systems from $255.00 to $260.00 and gave the stock a "buy" rating in a research report on Friday, August 22nd. Oppenheimer reiterated an "outperform" rating and set a $270.00 target price on shares of OSI Systems in a report on Friday, August 22nd. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $230.83.

OSI Systems Stock Down 2.0%

Shares of OSIS traded down $4.75 during midday trading on Friday, reaching $234.80. The stock had a trading volume of 76,780 shares, compared to its average volume of 200,580. OSI Systems, Inc. has a 1-year low of $129.84 and a 1-year high of $241.64. The company's fifty day simple moving average is $226.09 and its two-hundred day simple moving average is $214.31. The company has a market cap of $3.95 billion, a price-to-earnings ratio of 26.99, a PEG ratio of 1.95 and a beta of 1.30. 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 announced its quarterly earnings data on Thursday, August 21st. The technology company reported $3.24 earnings per share for the quarter, beating analysts' consensus estimates of $3.19 by $0.05. OSI Systems had a net margin of 8.73% and a return on equity of 18.69%. The business had revenue of $504.99 million for the quarter, compared to analyst estimates of $497.22 million. During the same period last year, the business earned $2.84 EPS. The company's revenue was up 4.9% on a year-over-year basis. OSI Systems has set its FY 2026 guidance at 10.110-10.390 EPS. Equities research analysts expect that OSI Systems, Inc. will post 9.22 earnings per share for the current year.

OSI Systems Company 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.