OSI Systems (NASDAQ:OSIS) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of OSI Systems (NASDAQ:OSIS) from a hold rating to a sell rating in a research report sent to investors on Monday morning.

A number of other research firms have also recently weighed in on OSIS. Roth Mkm lifted their price objective on OSI Systems from $178.00 to $224.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Oppenheimer lifted their price target on shares of OSI Systems from $205.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Wells Fargo & Company increased their price objective on shares of OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Finally, B. Riley lifted their target price on shares of OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $209.40.

OSI Systems Stock Up 1.4 %

OSIS opened at $219.60 on Monday. The stock has a market capitalization of $3.69 billion, a price-to-earnings ratio of 28.26, a PEG ratio of 1.79 and a beta of 1.19. The firm has a 50 day moving average price of $183.33 and a 200-day moving average price of $161.42. OSI Systems has a twelve month low of $126.57 and a twelve month high of $220.00. The company has a quick ratio of 1.25, a current ratio of 1.88 and a debt-to-equity ratio of 0.56.

OSI Systems (NASDAQ:OSIS) last announced its earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.08. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. Equities research analysts forecast that OSI Systems will post 9.22 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Paul Keith Morben sold 155 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $199.36, for a total transaction of $30,900.80. Following the transaction, the insider now owns 10,077 shares in the company, valued at approximately $2,008,950.72. This trade represents a 1.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Manoocher M. Aliabadi sold 1,728 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $180.39, for a total transaction of $311,713.92. Following the transaction, the insider now directly owns 80,603 shares in the company, valued at $14,539,975.17. This trade represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,447 shares of company stock worth $5,519,962 over the last quarter. Company insiders own 5.20% of the company’s stock.

Hedge Funds Weigh In On OSI Systems

Several institutional investors and hedge funds have recently bought and sold shares of OSIS. FMR LLC raised its stake in OSI Systems by 4,891.4% in the third quarter. FMR LLC now owns 644,396 shares of the technology company’s stock valued at $97,839,000 after buying an additional 631,486 shares during the last quarter. Capital International Investors purchased a new position in shares of OSI Systems in the 4th quarter valued at approximately $97,258,000. Mawer Investment Management Ltd. purchased a new position in shares of OSI Systems in the 4th quarter valued at approximately $63,171,000. Brown Advisory Inc. acquired a new stake in OSI Systems in the 4th quarter worth approximately $45,618,000. Finally, World Investment Advisors LLC purchased a new stake in OSI Systems during the 3rd quarter worth approximately $16,713,000. 89.21% of the stock is 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.