Tidal Investments LLC Buys 6,941 Shares of OSI Systems, Inc. $OSIS

Key Points

• Tidal Investments increased its OSI Systems stake by 504.8% in the second quarter, buying 6,941 additional shares for a total position worth approximately $1.82 million. Institutional investors collectively own 89.21% of the company.
• Analysts maintain a generally positive outlook, with five Buy ratings and two Hold ratings. OSI Systems has an average “Moderate Buy” rating and an average price target of $281.71, despite several recent target reductions.
• OSI Systems reported quarterly EPS of $3.78, narrowly exceeding estimates, but revenue of $484.06 million fell short of expectations. Shares opened at $200.35, below both their 50-day and 200-day moving averages.

Tidal Investments LLC lifted its position in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 504.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 8,316 shares of the technology company's stock after purchasing an additional 6,941 shares during the quarter. Tidal Investments LLC owned 0.05% of OSI Systems worth $1,819,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. WINTON GROUP Ltd lifted its holdings in OSI Systems by 541.4% during the 2nd quarter. WINTON GROUP Ltd now owns 7,382 shares of the technology company's stock valued at $1,614,000 after purchasing an additional 6,231 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in shares of OSI Systems during the second quarter worth approximately $906,000. Integrated Wealth Concepts LLC acquired a new stake in shares of OSI Systems during the second quarter worth approximately $107,000. Nykredit A S bought a new position in shares of OSI Systems in the second quarter valued at approximately $146,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of OSI Systems in the second quarter valued at approximately $472,000. Institutional investors and hedge funds own 89.21% of the company's stock.

Wall Street Analyst Weigh In

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

OSI Systems Trading Down 0.7%

Shares of NASDAQ OSIS opened at $200.35 on Friday. OSI Systems, Inc. has a 1-year low of $186.50 and a 1-year high of $311.72. The company has a 50-day moving average of $214.97 and a two-hundred day moving average of $237.47. The company has a market cap of $3.19 billion, a PE ratio of 22.26, a P/E/G ratio of 1.52 and a beta of 1.20. The company has a current ratio of 3.15, a quick ratio of 2.34 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 the consensus estimate of $3.77 by $0.01. The business had revenue of $484.06 million for the quarter, compared to analysts' expectations of $529.72 million. OSI Systems had a net margin of 8.66% and a return on equity of 20.33%. OSI Systems's revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.84 earnings per share. OSI Systems has set its FY 2027 guidance at 11.130-11.490 EPS. As a group, equities analysts expect that OSI Systems, Inc. will post 11.35 earnings per share for the current fiscal year.

OSI Systems Company Profile

OSI Systems, Inc NASDAQ: OSIS is a vertically integrated technology company that designs and manufactures specialized electronic systems for security, healthcare, and optoelectronic applications. The company serves government agencies, transportation authorities, hospitals, medical providers, defense contractors, and commercial customers worldwide.

Through its Rapiscan Systems business, OSI Systems provides security inspection and screening products, including baggage and parcel inspection systems, cargo and vehicle screening equipment, people-screening technologies, radiation detection systems, and related security services.

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