Van ECK Associates Corp Has $43.66 Million Holdings in OSI Systems, Inc. $OSIS

Key Points

• Van ECK Associates increased its OSI Systems stake by 6.1% in the second quarter, bringing its holdings to 199,636 shares valued at $43.66 million. Institutional investors collectively own 89.21% of the company.
• OSI Systems reported quarterly EPS of $3.78, slightly above analyst expectations, while revenue of $484.06 million fell short of the $529.72 million estimate. The company’s revenue was up just 0.1% year over year.
• The stock opened at $206.64, down 2.0%, and remains well below its 52-week high of $311.72. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $281.71.

Van ECK Associates Corp grew its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 6.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 199,636 shares of the technology company's stock after buying an additional 11,456 shares during the period. Van ECK Associates Corp owned approximately 1.21% of OSI Systems worth $43,660,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Royal Bank of Canada lifted its position in shares of OSI Systems by 519.8% during the 1st quarter. Royal Bank of Canada now owns 10,257 shares of the technology company's stock valued at $1,993,000 after acquiring an additional 8,602 shares during the period. AQR Capital Management LLC grew its holdings in OSI Systems by 64.2% in the first quarter. AQR Capital Management LLC now owns 11,656 shares of the technology company's stock worth $2,265,000 after purchasing an additional 4,558 shares during the period. Strs Ohio bought a new stake in OSI Systems in the first quarter valued at $97,000. Amundi increased its stake in OSI Systems by 76,360.0% in the second quarter. Amundi now owns 3,823 shares of the technology company's stock valued at $874,000 after purchasing an additional 3,818 shares in the last quarter. Finally, Gamco Investors INC. ET AL acquired a new position in shares of OSI Systems during the second quarter valued at about $801,000. Institutional investors and hedge funds own 89.21% of the company's stock.

OSI Systems Stock Down 2.0%

Shares of NASDAQ OSIS opened at $206.64 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 3.15 and a quick ratio of 2.34. The company has a 50-day moving average price of $218.97 and a 200-day moving average price of $245.24. The stock has a market capitalization of $3.29 billion, a P/E ratio of 22.96, a P/E/G ratio of 1.56 and a beta of 1.21. OSI Systems, Inc. has a 1 year low of $186.50 and a 1 year high of $311.72.

OSI Systems (NASDAQ:OSIS - Get Free Report) last posted its earnings results on Thursday, August 20th. The technology company reported $3.78 earnings per share for the quarter, topping analysts' consensus estimates of $3.77 by $0.01. OSI Systems had a net margin of 8.66% and a return on equity of 20.33%. The company had revenue of $484.06 million for the quarter, compared to analyst estimates of $529.72 million. During the same quarter in the prior year, the business posted $2.84 EPS. The firm's revenue was up .1% compared to the same quarter last year. OSI Systems has set its FY 2027 guidance at 11.130-11.490 EPS. On average, equities research analysts forecast that OSI Systems, Inc. will post 11.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Citigroup cut their price objective on shares of OSI Systems from $345.00 to $279.00 and set a "buy" rating on the stock in a research report on Monday, May 18th. B. Riley Financial reaffirmed a "buy" rating and issued a $265.00 target price (down from $320.00) on shares of OSI Systems in a research report on Friday, August 21st. Bank of America dropped their price target on OSI Systems from $315.00 to $300.00 and set a "buy" rating on the stock in a research note on Monday, July 20th. Oppenheimer cut their price target on OSI Systems from $320.00 to $300.00 and set an "outperform" rating on the stock in a report on Friday, August 21st. Finally, Roth Capital reissued a "buy" rating and issued a $274.00 price objective on shares of OSI Systems in a research note on Friday, August 21st. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $281.71.

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.

Want to see what other hedge funds are holding OSIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for OSI Systems, Inc. (NASDAQ:OSIS - Free Report).

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