Wellington Management Group LLP Has $38.84 Million Stake in OSI Systems, Inc. $OSIS

Key Points

• Wellington Management increased its OSI Systems stake by 89.4% in the second quarter, bringing its holdings to 177,616 shares valued at approximately $38.84 million. Institutional investors collectively own 89.21% of the company.
• OSI Systems shares opened at $204.15, down 1.2%, and remain well below their 52-week high of $311.72. The company slightly exceeded quarterly EPS expectations at $3.78, but revenue of $484.06 million fell short of the $529.72 million consensus estimate.
• Analysts maintain a generally positive view, with five Buy ratings and two Holds, producing a “Moderate Buy” consensus and an average price target of $281.71. Several firms have nevertheless reduced their price targets.

Wellington Management Group LLP increased its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 89.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 177,616 shares of the technology company's stock after purchasing an additional 83,862 shares during the period. Wellington Management Group LLP owned approximately 1.08% of OSI Systems worth $38,845,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OSIS. Jupiter Topco LLC acquired a new stake in OSI Systems in the 2nd quarter valued at $198,127,000. William Blair Investment Management LLC bought a new position in shares of OSI Systems in the second quarter valued at $82,964,000. Primecap Management Co. CA acquired a new position in shares of OSI Systems during the second quarter valued at about $56,464,000. Neumeier Poma Investment Counsel LLC bought a new stake in shares of OSI Systems during the second quarter worth about $48,664,031. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of OSI Systems in the 3rd quarter worth about $40,222,000. 89.21% of the stock is owned by institutional investors.

OSI Systems Trading Down 1.2%

NASDAQ:OSIS opened at $204.15 on Friday. OSI Systems, Inc. has a 52 week low of $186.50 and a 52 week high of $311.72. The firm has a 50-day moving average price of $217.93 and a two-hundred day moving average price of $243.03. The company has a debt-to-equity ratio of 1.20, a quick ratio of 2.34 and a current ratio of 3.15. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of 22.68, a price-to-earnings-growth ratio of 1.55 and a beta of 1.20.

OSI Systems (NASDAQ:OSIS - Get Free Report) last announced 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. The firm had revenue of $484.06 million for the quarter, compared to the consensus estimate of $529.72 million. OSI Systems had a return on equity of 20.33% and a net margin of 8.66%.The company's revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.84 EPS. OSI Systems has set its FY 2027 guidance at 11.130-11.490 EPS. On average, equities analysts expect that OSI Systems, Inc. will post 11.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

OSIS has been the subject of a number of analyst reports. Roth Capital reiterated a "buy" rating and set a $274.00 price target on shares of OSI Systems in a research note on Friday, August 21st. 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. Citigroup dropped their target price on OSI Systems from $345.00 to $279.00 and set a "buy" rating on the stock in a report on Monday, May 18th. Weiss Ratings downgraded OSI Systems from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, July 30th. Finally, Bank of America lowered their price target 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. Five 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 has a consensus rating of "Moderate Buy" and an average price target of $281.71.

About OSI Systems

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