OSI Systems (NASDAQ:OSIS) Stock Rating Upgraded by StockNews.com

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

A number of other analysts have also issued reports on the company. Roth Mkm raised their price target on OSI Systems from $178.00 to $224.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Oppenheimer raised their price target on OSI Systems from $205.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. JPMorgan Chase & Co. assumed coverage on OSI Systems in a research note on Friday, February 21st. They issued a “neutral” rating and a $225.00 price target on the stock. B. Riley raised their price target on OSI Systems from $180.00 to $221.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Finally, Wells Fargo & Company lifted their price objective on OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $212.00.

OSI Systems Price Performance

Shares of NASDAQ:OSIS traded up $10.16 during trading on Wednesday, hitting $202.83. 393,566 shares of the stock were exchanged, compared to its average volume of 168,309. The company has a fifty day moving average price of $191.25 and a two-hundred day moving average price of $168.32. The company has a market cap of $3.41 billion, a PE ratio of 26.10, a P/E/G ratio of 1.81 and a beta of 1.20. The company has a current ratio of 1.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.56. OSI Systems has a 12-month low of $126.57 and a 12-month high of $220.00.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.08. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. On average, analysts forecast that OSI Systems will post 9.22 EPS for the current year.

Insider Activity

In related news, Director Gerald M. Chizever sold 2,701 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $195.83, for a total transaction of $528,936.83. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $979,150. The trade was a 35.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Paul Keith Morben sold 155 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $199.36, for a total value of $30,900.80. Following the transaction, the insider now directly owns 10,077 shares in the company, valued at $2,008,950.72. This trade represents a 1.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.

Hedge Funds Weigh In On OSI Systems

Several hedge funds and other institutional investors have recently bought and sold shares of OSIS. Toronto Dominion Bank purchased a new stake in OSI Systems during the 4th quarter worth approximately $308,000. CSS LLC IL increased its holdings in shares of OSI Systems by 322.2% in the 4th quarter. CSS LLC IL now owns 7,600 shares of the technology company’s stock valued at $1,272,000 after acquiring an additional 5,800 shares during the last quarter. Voloridge Investment Management LLC increased its holdings in shares of OSI Systems by 61.6% in the 4th quarter. Voloridge Investment Management LLC now owns 10,018 shares of the technology company’s stock valued at $1,677,000 after acquiring an additional 3,820 shares during the last quarter. Two Sigma Investments LP increased its holdings in shares of OSI Systems by 188.2% in the 4th quarter. Two Sigma Investments LP now owns 26,557 shares of the technology company’s stock valued at $4,446,000 after acquiring an additional 17,342 shares during the last quarter. Finally, State of Wyoming boosted its position in OSI Systems by 1.9% during the 4th quarter. State of Wyoming now owns 2,698 shares of the technology company’s stock valued at $452,000 after purchasing an additional 51 shares during the period. 89.21% of the stock is owned by institutional investors and hedge funds.

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.