OSI Systems (NASDAQ:OSIS) Raised to “Hold” at StockNews.com

OSI Systems (NASDAQ:OSIS) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Other equities analysts have also recently issued reports about the stock. Bank of America assumed coverage on shares of OSI Systems in a research note on Monday, September 30th. They issued a “buy” rating and a $175.00 price objective on the stock. Roth Mkm lifted their price objective on OSI Systems from $172.00 to $178.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Wells Fargo & Company upped their price objective on OSI Systems from $170.00 to $172.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Finally, B. Riley raised their target price on OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $173.00.

OSI Systems Stock Performance

OSIS stock opened at $177.40 on Friday. The company has a 50 day moving average price of $148.92 and a 200 day moving average price of $144.31. OSI Systems has a fifty-two week low of $120.42 and a fifty-two week high of $177.56. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.84 and a quick ratio of 1.20. The stock has a market capitalization of $2.96 billion, a PE ratio of 23.16, a price-to-earnings-growth ratio of 1.53 and a beta of 1.10.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings results on Thursday, October 24th. The technology company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.19. The business had revenue of $344.01 million for the quarter, compared to analyst estimates of $318.66 million. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. The firm’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.91 earnings per share. Analysts forecast that OSI Systems will post 9.12 EPS for the current year.

Insider Buying and Selling

In related news, insider Paul Keith Morben sold 1,107 shares of the stock in a transaction that occurred 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 directly owns 10,077 shares of the company’s stock, valued at approximately $1,461,568.08. This represents a 9.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gerald M. Chizever sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $138.41, for a total transaction of $415,230.00. Following the sale, 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. In the last quarter, insiders have sold 41,107 shares of company stock valued at $6,071,809. 5.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On OSI Systems

Several institutional investors have recently added to or reduced their stakes in the stock. Arizona State Retirement System lifted its holdings 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 purchasing an additional 97 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake 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 stake in OSI Systems by 3.3% in 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 in the last quarter. US Bancorp DE boosted its position in 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 acquiring an additional 111 shares during the last quarter. Finally, Inspire Investing LLC grew its stake in shares of OSI Systems by 7.9% during the 3rd quarter. Inspire Investing LLC now owns 2,741 shares of the technology company’s stock worth $416,000 after acquiring an additional 200 shares in the last quarter. 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.