The Manufacturers Life Insurance Company Purchases New Position in OSI Systems, Inc. $OSIS

Key Points

• The Manufacturers Life Insurance Company opened a new $1.78 million position in OSI Systems during the second quarter, while other institutional investors also initiated stakes. Institutions now own 89.21% of the company’s outstanding shares.
• Analysts maintain a generally positive outlook, with five Buy ratings and two Holds, producing a consensus “Moderate Buy” rating and an average price target of $281.71. However, several firms recently reduced their targets.
• OSI Systems reported quarterly EPS of $3.78, narrowly exceeding estimates, but revenue of $484.06 million fell short of expectations. The stock opened at $206.62, well below its 12-month high of $311.72.

The Manufacturers Life Insurance Company acquired a new position in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 8,153 shares of the technology company's stock, valued at approximately $1,783,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new stake in OSI Systems in the second quarter valued at approximately $310,000. Neumeier Poma Investment Counsel LLC bought a new position in shares of OSI Systems in the 2nd quarter valued at $48,664,031. PEAK6 LLC acquired a new stake in shares of OSI Systems during the 2nd quarter valued at $723,000. Daiichi Life Insurance Co. Ltd. acquired a new stake in shares of OSI Systems during the 2nd quarter valued at $4,680,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in OSI Systems during the 2nd quarter worth $290,000. Institutional investors own 89.21% of the company's stock.

Analysts Set New Price Targets

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

OSI Systems Stock Down 0.1%

Shares of NASDAQ:OSIS opened at $206.62 on Friday. The firm has a market cap of $3.29 billion, a P/E ratio of 22.96, a P/E/G ratio of 1.55 and a beta of 1.20. OSI Systems, Inc. has a 12-month low of $186.50 and a 12-month high of $311.72. The business has a fifty day simple moving average of $218.21 and a 200 day simple moving average of $243.30. The company has a quick ratio of 2.34, a current ratio of 3.15 and a debt-to-equity ratio of 1.20.

OSI Systems (NASDAQ:OSIS - Get Free Report) last released its quarterly 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 firm had revenue of $484.06 million for the quarter, compared to analyst estimates of $529.72 million. OSI Systems had a return on equity of 20.33% and a net margin of 8.66%.The business's revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.84 EPS. OSI Systems has set its FY 2027 guidance at 11.130-11.490 EPS. Analysts predict that OSI Systems, Inc. will post 11.4 earnings per share 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source