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

StockNews.com lowered shares of OSI Systems (NASDAQ:OSIS) from a hold rating to a sell rating in a report issued on Thursday.

Other equities analysts also recently issued reports about the company. Roth Mkm increased their target price on shares of OSI Systems from $178.00 to $224.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Wells Fargo & Company raised their price objective on shares of OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. B. Riley upped their target price on OSI Systems from $180.00 to $221.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Oppenheimer increased their price target on OSI Systems from $205.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Finally, JPMorgan Chase & Co. assumed coverage on OSI Systems in a research note on Friday, February 21st. They issued a “neutral” rating and a $225.00 price objective on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $212.00.

OSI Systems Trading Down 2.9 %

Shares of NASDAQ OSIS opened at $193.32 on Thursday. OSI Systems has a 52-week low of $126.57 and a 52-week 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. The stock has a market capitalization of $3.25 billion, a P/E ratio of 24.88, a PEG ratio of 1.81 and a beta of 1.20. The stock’s 50 day moving average price is $196.64 and its two-hundred day moving average price is $171.11.

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

Insider Buying and Selling

In related news, Director Gerald M. Chizever sold 2,701 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $195.83, for a total transaction of $528,936.83. Following the completion of the sale, the director now directly owns 5,000 shares in the company, valued at approximately $979,150. This trade represents a 35.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul Keith Morben sold 155 shares of the business’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $199.36, for a total value of $30,900.80. Following the completion of the transaction, the insider now owns 10,077 shares in the company, valued at $2,008,950.72. This trade represents a 1.51 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.20% of the company’s stock.

Institutional Trading of OSI Systems

Several large investors have recently added to or reduced their stakes in the business. State Street Corp raised its stake in shares of OSI Systems by 0.9% in the 3rd quarter. State Street Corp now owns 727,690 shares of the technology company’s stock valued at $110,485,000 after acquiring an additional 6,514 shares in the last quarter. Park Avenue Securities LLC raised its position in shares of OSI Systems by 36.0% in the fourth quarter. Park Avenue Securities LLC now owns 6,275 shares of the technology company’s stock valued at $1,051,000 after purchasing an additional 1,660 shares during the period. HighTower Advisors LLC acquired a new stake in shares of OSI Systems in the third quarter worth $443,000. Citigroup Inc. lifted its stake in shares of OSI Systems by 64.9% in the third quarter. Citigroup Inc. now owns 27,320 shares of the technology company’s stock worth $4,148,000 after buying an additional 10,753 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of OSI Systems by 4,891.4% during the 3rd quarter. FMR LLC now owns 644,396 shares of the technology company’s stock worth $97,839,000 after buying an additional 631,486 shares during the period. 89.21% of the stock is owned by 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.