Empowered Funds LLC Acquires Shares of 7,922 OSI Systems, Inc. $OSIS

Empowered Funds LLC bought a new stake in shares of OSI Systems, Inc. (NASDAQ:OSIS) in the first quarter, HoldingsChannel reports. The institutional investor bought 7,922 shares of the technology company’s stock, valued at approximately $2,103,000.

Several other large investors also recently modified their holdings of the stock. Danske Bank A S bought a new position in shares of OSI Systems in the third quarter worth $25,000. Group One Trading LLC bought a new stake in OSI Systems during the first quarter worth about $27,000. Private Trust Co. NA grew its stake in OSI Systems by 179.5% during the fourth quarter. Private Trust Co. NA now owns 123 shares of the technology company’s stock worth $31,000 after buying an additional 79 shares in the last quarter. Mcguire Capital Advisors Inc. acquired a new stake in OSI Systems during the fourth quarter worth about $32,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in OSI Systems by 119.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 169 shares of the technology company’s stock valued at $43,000 after buying an additional 92 shares during the period. 89.21% of the stock is owned by institutional investors and hedge funds.

OSI Systems Price Performance

OSIS stock opened at $237.10 on Friday. The company has a 50 day simple moving average of $217.98 and a 200 day simple moving average of $250.80. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of 27.07, a P/E/G ratio of 1.76 and a beta of 1.21. OSI Systems, Inc. has a 1 year low of $197.27 and a 1 year high of $311.72. The company has a debt-to-equity ratio of 1.12, a current ratio of 3.25 and a quick ratio of 2.42.

OSI Systems (NASDAQ:OSIS) last issued its earnings results on Monday, May 4th. The technology company reported $2.60 earnings per share for the quarter, beating analysts’ consensus estimates of $2.53 by $0.07. OSI Systems had a net margin of 8.42% and a return on equity of 18.84%. The firm had revenue of $453.25 million for the quarter, compared to analyst estimates of $449.23 million. During the same quarter last year, the business posted $2.44 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. Research analysts anticipate that OSI Systems, Inc. will post 10.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on OSIS shares. Citigroup dropped their target price on shares of OSI Systems from $345.00 to $279.00 and set a “buy” rating for the company in a research report on Monday, May 18th. Roth Capital reiterated a “buy” rating and set a $310.00 price target on shares of OSI Systems in a research report on Tuesday, May 5th. Weiss Ratings cut shares of OSI Systems from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 30th. Finally, Bank of America lowered their price objective on shares of 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 given a Hold rating to the stock. According to MarketBeat.com, OSI Systems presently has a consensus rating of “Moderate Buy” and an average target price of $291.86.

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.