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

OSI Systems (NASDAQ:OSIS) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Friday.

Separately, Roth Mkm raised their price target on shares of OSI Systems from $165.00 to $169.00 and gave the stock a “buy” rating in a research report on Friday, January 26th.

OSI Systems Price Performance

NASDAQ:OSIS opened at $135.54 on Friday. OSI Systems has a 52 week low of $99.11 and a 52 week high of $144.11. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of 20.57, a P/E/G ratio of 1.51 and a beta of 0.98. The firm’s 50-day simple moving average is $135.44 and its 200 day simple moving average is $126.79. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.80 and a current ratio of 1.43.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings results on Thursday, January 25th. The technology company reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.47. OSI Systems had a net margin of 8.31% and a return on equity of 17.35%. The business had revenue of $373.20 million for the quarter, compared to analyst estimates of $364.29 million. During the same period last year, the firm earned $1.19 earnings per share. OSI Systems’s revenue for the quarter was up 26.3% compared to the same quarter last year. As a group, sell-side analysts predict that OSI Systems will post 8.03 earnings per share for the current year.

Insider Buying and Selling at OSI Systems

In other OSI Systems news, General Counsel Victor S. Sze sold 15,000 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $131.22, for a total value of $1,968,300.00. Following the transaction, the general counsel now directly owns 78,116 shares of the company’s stock, valued at approximately $10,250,381.52. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other OSI Systems news, CEO Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $129.11, for a total value of $2,582,200.00. Following the transaction, the chief executive officer now directly owns 468,615 shares of the company’s stock, valued at approximately $60,502,882.65. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Victor S. Sze sold 15,000 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $131.22, for a total transaction of $1,968,300.00. Following the completion of the transaction, the general counsel now directly owns 78,116 shares in the company, valued at $10,250,381.52. The disclosure for this sale can be found here. Insiders have sold a total of 50,000 shares of company stock valued at $6,503,650 in the last ninety days. 5.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On OSI Systems

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quantbot Technologies LP bought a new stake in shares of OSI Systems during the 2nd quarter valued at approximately $25,000. West Paces Advisors Inc. bought a new stake in shares of OSI Systems during the 1st quarter valued at approximately $28,000. Parkside Financial Bank & Trust boosted its position in OSI Systems by 27.1% during the 3rd quarter. Parkside Financial Bank & Trust now owns 422 shares of the technology company’s stock worth $50,000 after buying an additional 90 shares during the period. Quest Partners LLC acquired a new stake in OSI Systems during the 4th quarter worth approximately $53,000. Finally, Russell Investments Group Ltd. boosted its position in OSI Systems by 160.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 500 shares of the technology company’s stock worth $59,000 after buying an additional 308 shares during the period. 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.