OSI Systems (NASDAQ:OSIS) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of OSI Systems (NASDAQ:OSIS) from a sell rating to a hold rating in a research report sent to investors on Saturday.

OSIS has been the subject of several other research reports. Roth Mkm upped their price target on shares of OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Bank of America initiated coverage on OSI Systems in a report on Monday, September 30th. They issued a “buy” rating and a $175.00 target price for the company. Wells Fargo & Company lifted their price target 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 increased their price objective on OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $173.00.

OSI Systems Stock Performance

Shares of NASDAQ OSIS opened at $179.71 on Friday. The stock’s fifty day simple moving average is $149.59 and its 200 day simple moving average is $144.61. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of 23.46, a PEG ratio of 1.53 and a beta of 1.10. 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 has a 52-week low of $120.42 and a 52-week high of $180.23.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings data on Thursday, October 24th. The technology company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.19. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. The firm had revenue of $344.01 million for the quarter, compared to the consensus estimate of $318.66 million. During the same quarter in the previous year, the company earned $0.91 EPS. The business’s revenue for the quarter was up 23.2% compared to the same quarter last year. As a group, sell-side analysts forecast that OSI Systems will post 9.12 earnings per share for the current fiscal year.

Insider Activity at OSI Systems

In other news, Director Gerald M. Chizever sold 2,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $148.16, for a total transaction of $296,320.00. Following the transaction, the director now owns 7,701 shares in the company, valued at approximately $1,140,980.16. This trade represents a 20.62 % 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, CEO Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction on Monday, September 16th. The shares were sold at an average price of $144.92, for a total transaction of $2,898,400.00. Following the completion of the sale, the chief executive officer now directly owns 459,033 shares of the company’s stock, valued at approximately $66,523,062.36. The trade was a 4.18 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,107 shares of company stock valued at $6,071,809. Insiders own 5.20% of the company’s stock.

Hedge Funds Weigh In On OSI Systems

Several institutional investors have recently bought and sold shares of the stock. Quest Partners LLC acquired a new position in shares of OSI Systems during the 2nd quarter valued at about $40,000. Innealta Capital LLC bought a new stake in OSI Systems during the second quarter worth approximately $82,000. International Assets Investment Management LLC grew its holdings in OSI Systems by 15,075.0% during the third quarter. International Assets Investment Management LLC now owns 607 shares of the technology company’s stock valued at $92,000 after purchasing an additional 603 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of OSI Systems in the second quarter valued at approximately $160,000. Finally, nVerses Capital LLC acquired a new stake in shares of OSI Systems in the third quarter worth $182,000. 89.21% of the stock is currently 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.