Pinnacle Wealth Management LLC Takes $636,000 Position in OSI Systems, Inc. $OSIS

Key Points

• Pinnacle Wealth Management LLC has acquired a new stake in OSI Systems, purchasing 3,275 shares valued at approximately $636,000 in the first quarter.
• Institutional investors hold a majority stake of 89.21% in OSI Systems, with various hedge funds making adjustments to their positions recently.
• Recent analyst ratings for OSI Systems have been mostly positive, with Oppenheimer raising their target price from $225 to $260 and several analysts assigning a "buy" rating.

Pinnacle Wealth Management LLC bought a new position in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,275 shares of the technology company's stock, valued at approximately $636,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Janus Henderson Group PLC lifted its holdings in shares of OSI Systems by 1.8% in the fourth quarter. Janus Henderson Group PLC now owns 1,230,805 shares of the technology company's stock worth $206,072,000 after buying an additional 21,637 shares in the last quarter. Capital International Investors purchased a new position in shares of OSI Systems during the fourth quarter worth approximately $97,258,000. Mawer Investment Management Ltd. grew its holdings in OSI Systems by 22.2% during the 1st quarter. Mawer Investment Management Ltd. now owns 461,022 shares of the technology company's stock worth $89,595,000 after acquiring an additional 83,724 shares in the last quarter. Clark Capital Management Group Inc. boosted its position in OSI Systems by 19.7% during the 4th quarter. Clark Capital Management Group Inc. now owns 362,712 shares of the technology company's stock valued at $60,729,000 after acquiring an additional 59,690 shares in the last quarter. Finally, Primecap Management Co. CA grew its position in shares of OSI Systems by 12.3% in the 1st quarter. Primecap Management Co. CA now owns 334,330 shares of the technology company's stock worth $64,974,000 after buying an additional 36,620 shares during the last quarter. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on OSIS. Roth Mkm raised their target price on OSI Systems from $224.00 to $245.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. B. Riley lifted their price objective on OSI Systems from $255.00 to $260.00 and gave the stock a "buy" rating in a report on Friday. Oppenheimer boosted their price objective on OSI Systems from $225.00 to $260.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. Finally, Wall Street Zen upgraded shares of OSI Systems from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, OSI Systems presently has an average rating of "Moderate Buy" and a consensus target price of $229.17.

Insider Activity

In other OSI Systems news, Director Meyer/ Luskin sold 1,000 shares of OSI Systems stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $237.15, for a total value of $237,150.00. Following the transaction, the director owned 11,214 shares in the company, valued at $2,659,400.10. This trade represents a 8.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 5.20% of the company's stock.

OSI Systems Stock Performance

Shares of OSI Systems stock traded up $10.81 during trading hours on Friday, hitting $228.70. 324,970 shares of the company were exchanged, compared to its average volume of 225,599. OSI Systems, Inc. has a 1 year low of $129.84 and a 1 year high of $241.64. The company has a current ratio of 2.11, a quick ratio of 1.38 and a debt-to-equity ratio of 0.53. The business has a 50-day moving average of $222.83 and a 200-day moving average of $211.52. The stock has a market capitalization of $3.84 billion, a price-to-earnings ratio of 27.82, a P/E/G ratio of 1.89 and a beta of 1.31.

OSI Systems (NASDAQ:OSIS - Get Free Report) last released 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. OSI Systems had a return on equity of 18.37% and a net margin of 8.38%.The company had revenue of $504.99 million during the quarter, compared to the consensus estimate of $497.22 million. During the same quarter last year, the company earned $2.84 earnings per share. OSI Systems's quarterly revenue was up 4.9% compared to the same quarter last year. OSI Systems has set its FY 2026 guidance at 10.110-10.390 EPS. As a group, analysts expect that OSI Systems, Inc. will post 9.22 EPS for the current fiscal year.

About OSI Systems

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.