OSI Systems (NASDAQ:OSIS) Upgraded at StockNews.com

OSI Systems (NASDAQ:OSIS) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other equities research analysts have also recently issued reports on the stock. Bank of America began coverage on shares of OSI Systems in a report on Monday, September 30th. They issued a “buy” rating and a $175.00 target price on the stock. Roth Mkm raised their price objective on 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 lifted their target price on OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Finally, Wells Fargo & Company increased their price target on OSI Systems from $170.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $173.00.

OSI Systems Stock Up 1.7 %

OSIS stock opened at $177.40 on Friday. The company has a market cap of $2.96 billion, a price-to-earnings ratio of 23.16, a P/E/G ratio of 1.53 and a beta of 1.10. OSI Systems has a twelve month low of $120.42 and a twelve month high of $177.56. The business has a 50 day moving average price of $148.92 and a two-hundred day moving average price of $144.31. 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 (NASDAQ:OSIS) last released its earnings results on Thursday, October 24th. The technology company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.19. The business had revenue of $344.01 million during the quarter, compared to analysts’ expectations of $318.66 million. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. The firm’s revenue was up 23.2% on a year-over-year basis. During the same period last year, the business earned $0.91 earnings per share. Analysts anticipate that OSI Systems will post 9.12 EPS for the current fiscal year.

Insider Transactions at OSI Systems

In other news, insider Paul Keith Morben sold 1,107 shares of OSI Systems stock in a transaction on Friday, September 13th. The stock was sold at an average price of $145.04, for a total transaction of $160,559.28. Following the completion of the sale, the insider now owns 10,077 shares of the company’s stock, valued at approximately $1,461,568.08. This trade represents a 9.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gerald M. Chizever sold 3,000 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $138.41, for a total transaction 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 trade represents a 46.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,107 shares of company stock worth $6,071,809 over the last quarter. Company insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in OSIS. Arizona State Retirement System boosted its stake in shares of OSI Systems by 2.2% in the second quarter. Arizona State Retirement System now owns 4,532 shares of the technology company’s stock valued at $623,000 after buying an additional 97 shares during the period. Louisiana State Employees Retirement System raised its holdings in OSI Systems by 1.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 7,900 shares of the technology company’s stock valued at $1,086,000 after acquiring an additional 100 shares in the last quarter. Orion Portfolio Solutions LLC lifted its position in shares of OSI Systems by 3.3% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 3,301 shares of the technology company’s stock valued at $501,000 after acquiring an additional 106 shares during the period. US Bancorp DE grew its holdings in shares of OSI Systems by 4.8% during the 3rd quarter. US Bancorp DE now owns 2,418 shares of the technology company’s stock worth $367,000 after purchasing an additional 111 shares in the last quarter. Finally, Inspire Investing LLC increased its position in shares of OSI Systems by 7.9% in the third quarter. Inspire Investing LLC now owns 2,741 shares of the technology company’s stock worth $416,000 after purchasing an additional 200 shares during the period. 89.21% of the stock is owned by institutional investors.

About OSI Systems

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.