OSI Systems, Inc. (NASDAQ:OSIS) Receives Average Recommendation of “Buy” from Analysts

Shares of OSI Systems, Inc. (NASDAQ:OSIS) have been given a consensus recommendation of “Buy” by the five ratings firms that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy rating. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $179.00.

A number of research firms 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 on the stock. Wells Fargo & Company increased their price target on OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Finally, StockNews.com raised OSI Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, December 10th.

OSI Systems Trading Down 2.7 %

Shares of NASDAQ:OSIS opened at $153.35 on Wednesday. The company has a market cap of $2.56 billion, a PE ratio of 20.02, a price-to-earnings-growth ratio of 1.55 and a beta of 1.19. OSI Systems has a 12-month low of $120.42 and a 12-month high of $189.13. The stock has a 50 day moving average of $167.34 and a 200 day moving average of $151.82. The company has a current ratio of 1.84, a quick ratio of 1.20 and a debt-to-equity ratio of 0.60.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings results on Thursday, October 24th. The technology company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.19. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. The company had revenue of $344.01 million for the quarter, compared to analysts’ expectations of $318.66 million. During the same period in the previous year, the firm earned $0.91 EPS. The firm’s revenue was up 23.2% compared to the same quarter last year. As a group, equities research analysts expect that OSI Systems will post 9.13 EPS for the current year.

Insider Transactions at OSI Systems

In other OSI Systems news, Director Gerald M. Chizever sold 2,000 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $148.16, for a total value of $296,320.00. Following the completion of the sale, the director now directly owns 7,701 shares in the company, valued at approximately $1,140,980.16. This trade represents a 20.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Manoocher M. Aliabadi sold 2,509 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $180.02, for a total value of $451,670.18. Following the completion of the sale, the insider now owns 78,094 shares of the company’s stock, valued at approximately $14,058,481.88. This trade represents a 3.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,591 shares of company stock valued at $7,557,745. 5.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. grew its holdings in OSI Systems by 713.1% during the second quarter. Victory Capital Management Inc. now owns 97,951 shares of the technology company’s stock worth $13,470,000 after acquiring an additional 85,904 shares during the period. Arizona State Retirement System lifted its position in OSI Systems by 2.2% during the second quarter. Arizona State Retirement System now owns 4,532 shares of the technology company’s stock worth $623,000 after buying an additional 97 shares in the last quarter. Quest Partners LLC purchased a new stake in OSI Systems in the second quarter valued at $40,000. Ashton Thomas Private Wealth LLC purchased a new stake in OSI Systems in the second quarter valued at $160,000. Finally, Texas Permanent School Fund Corp raised its position in OSI Systems by 15.5% in the second quarter. Texas Permanent School Fund Corp now owns 15,849 shares of the technology company’s stock valued at $2,180,000 after purchasing an additional 2,124 shares during the period. 89.21% of the stock is currently owned by hedge funds and other 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.