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

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

Other research analysts have also issued reports about the company. B. Riley lifted their target price on OSI Systems from $165.00 to $180.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Roth Mkm lifted their target price on OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Wells Fargo & Company lifted their target price on OSI Systems from $170.00 to $172.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Finally, Bank of America began 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. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $173.00.

OSI Systems Trading Up 1.7 %

OSIS opened at $177.40 on Friday. OSI Systems has a 52 week low of $120.42 and a 52 week high of $177.56. The business has a fifty day simple moving average of $148.92 and a 200-day simple moving average of $144.24. The firm has a market cap of $2.96 billion, a P/E ratio of 23.16, a P/E/G ratio of 1.51 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 (NASDAQ:OSIS) last released its quarterly earnings results on Thursday, October 24th. The technology company reported $1.25 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 business had revenue of $344.01 million during the quarter, compared to analyst estimates of $318.66 million. During the same period last year, the business posted $0.91 earnings per share. The company’s quarterly revenue was up 23.2% on a year-over-year basis. On average, equities analysts expect that OSI Systems will post 9.12 earnings per share for the current year.

Insider Buying and Selling at OSI Systems

In other OSI Systems news, insider Paul Keith Morben sold 1,107 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $145.04, for a total value of $160,559.28. Following the sale, the insider now directly owns 10,077 shares in the company, valued at $1,461,568.08. This trade represents a 9.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gerald M. Chizever sold 3,000 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $138.41, for a total value of $415,230.00. Following the completion of the sale, the director now owns 3,462 shares in the company, valued at approximately $479,175.42. This represents a 46.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,107 shares of company stock worth $6,071,809 over the last ninety days. Corporate insiders own 5.20% of the company’s stock.

Institutional Trading of OSI Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Franklin Resources Inc. increased its position in shares of OSI Systems by 3.5% during the third quarter. Franklin Resources Inc. now owns 9,560 shares of the technology company’s stock worth $1,429,000 after purchasing an additional 324 shares in the last quarter. World Investment Advisors LLC acquired a new stake in shares of OSI Systems during the third quarter worth about $16,713,000. Hohimer Wealth Management LLC acquired a new stake in shares of OSI Systems during the third quarter worth about $264,000. Geode Capital Management LLC increased its position in shares of OSI Systems by 1.5% during the third quarter. Geode Capital Management LLC now owns 380,092 shares of the technology company’s stock worth $57,720,000 after purchasing an additional 5,718 shares in the last quarter. Finally, Barclays PLC increased its position in shares of OSI Systems by 252.3% during the third quarter. Barclays PLC now owns 35,519 shares of the technology company’s stock worth $5,392,000 after purchasing an additional 25,437 shares in the last quarter. Institutional investors and hedge funds own 89.21% of the company’s stock.

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.