OSI Systems (NASDAQ:OSIS) Cut to Sell at StockNews.com

StockNews.com downgraded shares of OSI Systems (NASDAQ:OSIS) from a hold rating to a sell rating in a research note released on Friday.

Several other research firms also recently commented on OSIS. Wells Fargo & Company increased their price objective on OSI Systems from $170.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Roth Mkm increased their target price on shares of OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. B. Riley raised their price target on shares of OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Finally, Bank of America started coverage on shares of OSI Systems in a research note on Monday, September 30th. They set a “buy” rating and a $175.00 price objective for the company. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, OSI Systems has an average rating of “Moderate Buy” and an average target price of $173.00.

OSI Systems Stock Down 0.3 %

Shares of NASDAQ OSIS opened at $164.91 on Friday. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 21.53, a price-to-earnings-growth ratio of 1.43 and a beta of 1.10. The company’s 50-day simple moving average is $145.75 and its 200-day simple moving average is $142.70. The company has a quick ratio of 1.20, a current ratio of 1.84 and a debt-to-equity ratio of 0.60. OSI Systems has a 52-week low of $117.07 and a 52-week high of $168.68.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings results on Thursday, October 24th. The technology company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.19. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. The firm had revenue of $344.01 million for the quarter, compared to analyst estimates of $318.66 million. During the same period last year, the company posted $0.91 EPS. OSI Systems’s quarterly revenue was up 23.2% compared to the same quarter last year. Equities analysts predict that OSI Systems will post 9.12 EPS for the current fiscal year.

Insider Transactions at OSI Systems

In other news, CEO Deepak Chopra sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $153.42, for a total transaction of $2,301,300.00. Following the completion of the sale, the chief executive officer now owns 424,323 shares in the company, valued at $65,099,634.66. This trade represents a 3.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gerald M. Chizever sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $138.41, for a total value of $415,230.00. Following the completion of the transaction, the director now owns 3,462 shares in the company, valued at $479,175.42. This represents a 46.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,107 shares of company stock worth $6,071,809 in the last quarter. Company insiders own 5.20% of the company’s stock.

Hedge Funds Weigh In On OSI Systems

Hedge funds have recently modified their holdings of the business. Quest Partners LLC purchased a new position in OSI Systems during the 2nd quarter valued at about $40,000. Cape Investment Advisory Inc. purchased a new stake in OSI Systems during the first quarter worth approximately $63,000. Innealta Capital LLC acquired a new position in shares of OSI Systems in the 2nd quarter valued at $82,000. International Assets Investment Management LLC boosted its stake in OSI Systems by 15,075.0% in the third quarter. International Assets Investment Management LLC now owns 607 shares of the technology company’s stock valued at $92,000 after acquiring an additional 603 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of OSI Systems in the 1st quarter valued at about $139,000. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

OSI Systems Company Profile

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.