OSI Systems (NASDAQ:OSIS) Reaches New 12-Month High - Here's What Happened

Key Points

• OSI Systems reached a new 52-week high at $245.69, closing at $244.13 with a trading volume of 64,022 shares.
• Wall Street analysts have an overall consensus of "Moderate Buy" for OSI Systems, with target prices ranging from $260.00 to $270.00 from several firms.
• The company reported earnings of $3.24 per share for the last quarter, exceeding analysts' estimates and showing a revenue increase of 4.9% year-over-year.

OSI Systems, Inc. (NASDAQ:OSIS - Get Free Report)'s share price reached a new 52-week high on Tuesday . The company traded as high as $245.69 and last traded at $244.13, with a volume of 64022 shares. The stock had previously closed at $237.99.

Wall Street Analysts Forecast Growth

OSIS has been the topic of a number of analyst reports. Oppenheimer reaffirmed an "outperform" rating and set a $270.00 target price on shares of OSI Systems in a 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 stock a "buy" rating in a report on Friday, August 22nd. Finally, Bank of America upped their target price on shares of OSI Systems from $250.00 to $265.00 and gave the stock a "buy" rating in a report on Friday. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, OSI Systems presently has a consensus rating of "Moderate Buy" and a consensus price target of $245.83.

OSI Systems Stock Up 3.7%

The stock's fifty day moving average price is $229.71 and its 200 day moving average price is $218.16. The stock has a market cap of $4.15 billion, a P/E ratio of 28.33, a price-to-earnings-growth ratio of 1.96 and a beta of 1.30. The company has a current ratio of 2.04, a quick ratio of 1.46 and a debt-to-equity ratio of 0.49.

OSI Systems (NASDAQ:OSIS - Get Free Report) last issued its quarterly earnings results on Thursday, August 21st. The technology company reported $3.24 EPS for the quarter, topping analysts' consensus estimates of $3.19 by $0.05. The firm had revenue of $504.99 million for the quarter, compared to analyst estimates of $497.22 million. OSI Systems had a net margin of 8.73% and a return on equity of 18.69%. The business's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.84 EPS. OSI Systems has set its FY 2026 guidance at 10.110-10.390 EPS. As a group, research analysts forecast that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

Insider Activity at OSI Systems

In other news, insider Paul Keith Morben sold 1,671 shares of the company's stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $236.76, for a total value of $395,625.96. Following the completion of the sale, the insider owned 8,749 shares of the company's stock, valued at approximately $2,071,413.24. This represents a 16.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.20% of the stock is owned by insiders.

Institutional Investors Weigh In On OSI Systems

Several institutional investors have recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in OSI Systems by 161.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 877,393 shares of the technology company's stock valued at $170,513,000 after buying an additional 541,882 shares during the period. Mawer Investment Management Ltd. boosted its position in OSI Systems by 11.2% during the 2nd quarter. Mawer Investment Management Ltd. now owns 512,656 shares of the technology company's stock valued at $115,276,000 after buying an additional 51,634 shares during the period. Geode Capital Management LLC boosted its position in OSI Systems by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 381,128 shares of the technology company's stock valued at $85,711,000 after buying an additional 2,419 shares during the period. Hood River Capital Management LLC lifted its position in shares of OSI Systems by 1.0% in the 2nd quarter. Hood River Capital Management LLC now owns 377,061 shares of the technology company's stock worth $84,786,000 after purchasing an additional 3,903 shares during the period. Finally, Clark Capital Management Group Inc. lifted its position in shares of OSI Systems by 1.9% in the 1st quarter. Clark Capital Management Group Inc. now owns 369,473 shares of the technology company's stock worth $71,803,000 after purchasing an additional 6,761 shares during the period. Hedge funds and other institutional investors own 89.21% of the company's stock.

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.

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