PDT Partners LLC Grows Stock Position in OSI Systems, Inc. $OSIS

Key Points

• PDT Partners LLC increased its holdings in OSI Systems by 542.6% in the first quarter, owning approximately 0.16% of the company valued at $5.25 million after acquiring additional shares.
• OSI Systems reported $3.24 earnings per share for the latest quarter, exceeding analyst expectations of $3.19, with a year-over-year revenue increase of 4.9%.
• The stock currently holds a Moderate Buy rating from analysts, with a price target increase to $260.00 from B. Riley, reflecting strong market sentiment.

PDT Partners LLC boosted its holdings in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 542.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,996 shares of the technology company's stock after buying an additional 22,795 shares during the quarter. PDT Partners LLC owned 0.16% of OSI Systems worth $5,246,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. National Bank of Canada FI increased 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 valued at $28,000 after purchasing an additional 78 shares during the last quarter. Nisa Investment Advisors LLC increased 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 valued at $38,000 after purchasing an additional 113 shares during the last quarter. Virtus Advisers LLC purchased a new stake in shares of OSI Systems during the 1st quarter valued at about $43,000. Xponance Inc. purchased a new stake in shares of OSI Systems during the 1st quarter valued at about $233,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of OSI Systems during the 1st quarter valued at about $234,000. Hedge funds and other institutional investors own 89.21% of the company's stock.

OSI Systems Price Performance

OSIS stock traded up $2.83 during mid-day trading on Thursday, hitting $235.71. The company had a trading volume of 113,747 shares, compared to its average volume of 222,637. The company has a quick ratio of 1.46, a current ratio of 2.04 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of 27.09, a P/E/G ratio of 1.91 and a beta of 1.30. OSI Systems, Inc. has a 12-month low of $129.84 and a 12-month high of $241.64. The company has a 50-day moving average price of $224.75 and a 200 day moving average price of $213.12.

OSI Systems (NASDAQ:OSIS - Get Free Report) last posted its earnings results on Thursday, August 21st. The technology company reported $3.24 EPS for the quarter, beating analysts' consensus estimates of $3.19 by $0.05. The firm had revenue of $504.99 million during the quarter, compared to the consensus estimate of $497.22 million. OSI Systems had a return on equity of 18.69% and a net margin of 8.73%.The company's quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.84 EPS. OSI Systems has set its FY 2026 guidance at 10.110-10.390 EPS. On average, research analysts anticipate that OSI Systems, Inc. will post 9.22 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on OSIS shares. B. Riley boosted their price objective on OSI Systems from $255.00 to $260.00 and gave the company a "buy" rating in a research note on Friday, August 22nd. Oppenheimer reiterated an "outperform" rating and set a $270.00 price objective on shares of OSI Systems in a research note on Friday, August 22nd. Finally, Wall Street Zen upgraded OSI Systems from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $230.83.

Insider Activity at OSI Systems

In other news, Director Meyer/ Luskin sold 1,000 shares of the stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $237.15, for a total transaction of $237,150.00. Following the completion of the transaction, the director directly owned 11,214 shares in the company, valued at approximately $2,659,400.10. This represents a 8.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.20% of the company's stock.

OSI Systems 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.