OSI Systems (OSIS) Lowered to “Sell” at Zacks Investment Research

OSI Systems (NASDAQ:OSIS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday.

According to Zacks, “OSI Systems is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications in the homeland security, healthcare, defense and aerospace industries. The Company combines more than 40 years of electronics engineering and manufacturing experience with offices and production facilities in more than a dozen countries to implement a strategy of expansion into selective end product markets. Their Research and Development teams are focused on expanding and enhancing their product portfolios and delivering breakthrough technology solutions and are making technological advances designed to keep pace with their rapidly changing marketplace. They have three operating divisions: Security division, Healthcare division & Optoelectronics & Manufacturing division. “

Several other equities analysts have also recently issued reports on OSIS. Jefferies Group restated a “buy” rating and set a $79.00 target price on shares of OSI Systems in a research note on Monday. BidaskClub upgraded shares of OSI Systems from a “strong sell” rating to a “sell” rating in a research note on Saturday. Finally, B. Riley reaffirmed a “buy” rating and set a $108.00 price target on shares of OSI Systems in a research report on Tuesday, October 24th. Two analysts have rated the stock with a sell rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $91.40.

OSI Systems (NASDAQ OSIS) opened at $64.78 on Wednesday. The stock has a market cap of $1,230.00, a PE ratio of 41.26, a P/E/G ratio of 1.42 and a beta of 0.73. OSI Systems has a one year low of $53.80 and a one year high of $96.64. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.52 and a quick ratio of 0.93.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings results on Thursday, October 26th. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.08. The company had revenue of $257.13 million for the quarter, compared to analysts’ expectations of $248.52 million. OSI Systems had a net margin of 3.06% and a return on equity of 11.68%. OSI Systems’s revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 EPS. analysts expect that OSI Systems will post 3.49 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OSIS. Riverhead Capital Management LLC increased its position in shares of OSI Systems by 95.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,566 shares of the technology company’s stock valued at $118,000 after purchasing an additional 766 shares during the last quarter. Advisor Group Inc. increased its holdings in OSI Systems by 6.9% in the 2nd quarter. Advisor Group Inc. now owns 1,602 shares of the technology company’s stock worth $121,000 after acquiring an additional 104 shares in the last quarter. Victory Capital Management Inc. increased its holdings in OSI Systems by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 2,199 shares of the technology company’s stock worth $165,000 after acquiring an additional 331 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in OSI Systems in the 3rd quarter worth approximately $165,000. Finally, Nine Chapters Capital Management LLC purchased a new stake in OSI Systems in the 3rd quarter worth approximately $201,000.

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About OSI Systems

OSI Systems, Inc, through its subsidiaries, is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications. The Company sells its products and provides related services in diversified markets, including homeland security, healthcare, defense and aerospace.

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