Van ECK Associates Corp Buys 11,456 Shares of OSI Systems, Inc. $OSIS

Van ECK Associates Corp grew its position in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 6.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 199,636 shares of the technology company’s stock after acquiring an additional 11,456 shares during the quarter. Van ECK Associates Corp’s holdings in OSI Systems were worth $43,660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in OSIS. Royal Bank of Canada raised its holdings in shares of OSI Systems by 519.8% in the first quarter. Royal Bank of Canada now owns 10,257 shares of the technology company’s stock valued at $1,993,000 after purchasing an additional 8,602 shares during the last quarter. AQR Capital Management LLC boosted its holdings in OSI Systems by 64.2% during 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 last quarter. Strs Ohio purchased a new position in OSI Systems during the first quarter worth about $97,000. Amundi grew its position in OSI Systems by 76,360.0% in the 2nd quarter. Amundi now owns 3,823 shares of the technology company’s stock worth $874,000 after purchasing an additional 3,818 shares in the last quarter. Finally, Gamco Investors INC. ET AL bought a new stake in OSI Systems in the 2nd quarter worth about $801,000. Institutional investors own 89.21% of the company’s stock.

OSI Systems Stock Performance

NASDAQ OSIS opened at $206.64 on Friday. OSI Systems, Inc. has a 52-week low of $186.50 and a 52-week high of $311.72. The company has a 50-day simple moving average of $218.97 and a 200 day simple moving average of $245.24. 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 company has a market capitalization of $3.29 billion, a PE ratio of 22.96, a price-to-earnings-growth ratio of 1.56 and a beta of 1.21.

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

Analysts Set New Price Targets

Several equities research analysts have commented on OSIS shares. B. Riley Financial reiterated 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. Weiss Ratings downgraded OSI Systems from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 30th. Oppenheimer reduced their target price on OSI Systems from $320.00 to $300.00 and set an “outperform” rating for the company in a report on Friday, August 21st. Bank of America decreased 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. Finally, Roth Capital reiterated a “buy” rating and set a $274.00 price target on shares of OSI Systems in a report on Friday, August 21st. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $281.71.

OSI Systems 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.