Thematics Asset Management Sells 23,194 Shares of OSI Systems, Inc. $OSIS

Key Points

• Thematics Asset Management sold 23,194 shares of OSI Systems, reducing its stake by 15.7%, while still holding approximately 124,806 shares valued at $24.25 million.
• OSI Systems' latest quarterly earnings showed an EPS of $3.24, surpassing expectations, with a revenue of $504.99 million, reflecting a year-over-year increase of 4.9%.
• Multiple analysts have raised their price targets for OSI Systems, with Oppenheimer setting a new target of $260.00, indicating strong investor interest and a consensus rating of "Moderate Buy."

Thematics Asset Management lessened its stake in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 15.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 124,806 shares of the technology company's stock after selling 23,194 shares during the period. OSI Systems comprises approximately 1.2% of Thematics Asset Management's portfolio, making the stock its 26th largest position. Thematics Asset Management owned 0.74% of OSI Systems worth $24,255,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of OSIS. Janus Henderson Group PLC raised 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 valued at $206,072,000 after buying an additional 21,637 shares during the last quarter. Mawer Investment Management Ltd. raised its stake in OSI Systems by 22.2% during the first quarter. Mawer Investment Management Ltd. now owns 461,022 shares of the technology company's stock worth $89,595,000 after purchasing an additional 83,724 shares during the period. Clark Capital Management Group Inc. raised its stake in shares of OSI Systems by 19.7% in 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 during the period. Primecap Management Co. CA grew its holdings in OSI Systems by 12.3% during the 1st quarter. Primecap Management Co. CA now owns 334,330 shares of the technology company's stock valued at $64,974,000 after purchasing an additional 36,620 shares in the last quarter. Finally, Brown Advisory Inc. grew its holdings in OSI Systems by 2.3% during the 1st quarter. Brown Advisory Inc. now owns 278,790 shares of the technology company's stock worth $54,180,000 after acquiring an additional 6,332 shares in the last quarter. Institutional investors and hedge funds own 89.21% of the company's stock.

OSI Systems Price Performance

OSIS traded down $1.02 on Friday, hitting $228.10. 42,945 shares of the stock were exchanged, compared to its average volume of 223,719. OSI Systems, Inc. has a 12 month low of $129.84 and a 12 month high of $241.64. The business has a 50-day moving average of $223.20 and a two-hundred day moving average of $212.36. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.04 and a quick ratio of 1.46. The firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of 26.22, a PEG ratio of 1.91 and a beta of 1.31.

OSI Systems (NASDAQ:OSIS - Get Free Report) last released its quarterly earnings data on Thursday, August 21st. The technology company reported $3.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.19 by $0.05. The company 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 firm's revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.84 earnings per share. OSI Systems has set its FY 2026 guidance at 10.110-10.390 EPS. Sell-side analysts forecast that OSI Systems, Inc. will post 9.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Wall Street Zen upgraded shares of OSI Systems from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Oppenheimer reissued an "outperform" rating and issued a $270.00 target price on shares of OSI Systems in a research report on Friday, August 22nd. B. Riley upped their target price on shares of OSI Systems from $255.00 to $260.00 and gave the company a "buy" rating in a research note on Friday, August 22nd. Finally, Roth Mkm increased their price objective on shares of OSI Systems from $224.00 to $245.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, OSI Systems presently has an average rating of "Moderate Buy" and an average price target of $230.83.

Insider Buying and Selling

In other OSI Systems news, Director Meyer/ Luskin sold 1,000 shares of the firm's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $237.15, for a total value of $237,150.00. Following the completion of 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 hyperlink. 5.20% of the stock is currently owned by corporate insiders.

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.