OSI Systems (NASDAQ:OSIS) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of OSI Systems (NASDAQ:OSIS) from a sell rating to a hold rating in a report published on Tuesday morning.

Several other research firms have also recently commented on OSIS. Bank of America began coverage on OSI Systems in a report on Monday, September 30th. They issued a “buy” rating and a $175.00 price target for the company. Roth Mkm lifted their price target on OSI Systems from $172.00 to $178.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Wells Fargo & Company upped their price objective on shares of OSI Systems from $170.00 to $172.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Finally, B. Riley lifted their target price 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. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $173.00.

OSI Systems Trading Up 0.5 %

Shares of OSIS stock opened at $184.00 on Tuesday. OSI Systems has a fifty-two week low of $120.42 and a fifty-two week high of $184.43. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.20 and a current ratio of 1.84. The stock’s fifty day moving average is $153.02 and its two-hundred day moving average is $146.03. The firm has a market capitalization of $3.07 billion, a P/E ratio of 24.02, a PEG ratio of 1.55 and a beta of 1.18.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings results on Thursday, October 24th. The technology company reported $1.25 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $318.66 million. During the same period last year, the firm posted $0.91 earnings per share. The company’s revenue for the quarter was up 23.2% on a year-over-year basis. Research analysts expect that OSI Systems will post 9.13 earnings per share for the current fiscal year.

Insider Buying and Selling at OSI Systems

In other OSI Systems news, CEO Deepak Chopra sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $153.42, for a total value of $2,301,300.00. Following the sale, the chief executive officer now owns 424,323 shares of the company’s stock, valued at $65,099,634.66. The trade was a 3.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Manoocher M. Aliabadi sold 1,728 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $180.39, for a total value of $311,713.92. Following the transaction, the insider now owns 80,603 shares of the company’s stock, valued at approximately $14,539,975.17. This represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 39,835 shares of company stock valued at $5,968,293 over the last 90 days. 5.20% of the stock is owned by insiders.

Hedge Funds Weigh In On OSI Systems

Several institutional investors have recently bought and sold shares of the company. Quest Partners LLC acquired a new stake in shares of OSI Systems during the second quarter worth about $40,000. Innealta Capital LLC acquired a new position in OSI Systems in the 2nd quarter valued at about $82,000. International Assets Investment Management LLC raised its stake in OSI Systems by 15,075.0% during the 3rd 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 during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in OSI Systems during the 2nd quarter worth approximately $160,000. Finally, nVerses Capital LLC purchased a new position in shares of OSI Systems in the 3rd quarter valued at approximately $182,000. 89.21% of the stock is owned by institutional investors and hedge funds.

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.