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

OSI Systems (NASDAQ:OSIS – Get Rating) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Friday.

Separately, B. Riley boosted their price objective on shares of OSI Systems from $120.00 to $137.00 in a research note on Friday, April 28th.

OSI Systems Stock Down 0.3 %

NASDAQ OSIS opened at $119.11 on Friday. The company has a current ratio of 1.41, a quick ratio of 0.74 and a debt-to-equity ratio of 0.21. OSI Systems has a 1-year low of $69.31 and a 1-year high of $121.04. The company has a 50 day moving average of $103.29 and a 200-day moving average of $93.01. The company has a market cap of $1.99 billion, a price-to-earnings ratio of 24.71, a PEG ratio of 1.76 and a beta of 0.94.

OSI Systems (NASDAQ:OSIS – Get Rating) last announced its quarterly earnings data on Thursday, April 27th. The technology company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.47 by $0.02. OSI Systems had a net margin of 6.91% and a return on equity of 14.73%. The business had revenue of $302.89 million during the quarter, compared to the consensus estimate of $302.92 million. During the same period in the previous year, the business earned $1.43 earnings per share. The company’s revenue was up 4.3% on a year-over-year basis. On average, equities research analysts expect that OSI Systems will post 6.1 earnings per share for the current fiscal year.

Insider Activity

In other news, General Counsel Victor S. Sze sold 20,000 shares of the firm’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $117.70, for a total value of $2,354,000.00. Following the completion of the sale, the general counsel now directly owns 76,950 shares in the company, valued at approximately $9,057,015. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, General Counsel Victor S. Sze sold 20,000 shares of the firm’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $117.70, for a total value of $2,354,000.00. Following the transaction, the general counsel now owns 76,950 shares of the company’s stock, valued at approximately $9,057,015. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Paul Keith Morben sold 565 shares of OSI Systems stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $118.39, for a total transaction of $66,890.35. Following the transaction, the insider now directly owns 7,424 shares in the company, valued at approximately $878,927.36. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,565 shares of company stock worth $2,603,810. Company insiders own 6.20% of the company’s stock.

Institutional Investors Weigh In On OSI Systems

Several large investors have recently modified their holdings of OSIS. BlackRock Inc. grew its stake in OSI Systems by 1.1% in the 3rd quarter. BlackRock Inc. now owns 3,286,557 shares of the technology company’s stock valued at $236,829,000 after buying an additional 35,807 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of OSI Systems by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 1,877,057 shares of the technology company’s stock worth $159,776,000 after acquiring an additional 19,393 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of OSI Systems by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 809,069 shares of the technology company’s stock worth $68,868,000 after acquiring an additional 5,950 shares during the last quarter. State Street Corp lifted its holdings in shares of OSI Systems by 1.5% during the 3rd quarter. State Street Corp now owns 662,414 shares of the technology company’s stock worth $47,734,000 after acquiring an additional 9,875 shares during the last quarter. Finally, Credit Suisse AG lifted its holdings in shares of OSI Systems by 1.0% during the 4th quarter. Credit Suisse AG now owns 508,969 shares of the technology company’s stock worth $40,473,000 after acquiring an additional 5,268 shares during the last quarter. Hedge funds and other institutional investors own 89.01% of the company’s stock.

OSI Systems Company Profile

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OSI Systems, Inc designs and manufactures specialized electronic systems and components for critical applications. The firm operates through the following segments: Security, Healthcare, and Optoelectronics and Manufacturing. The Security segment provides security inspection systems and related services, and turnkey security screening solutions.