OSI Systems (NASDAQ:OSIS) Downgraded by StockNews.com to “Sell”

OSI Systems (NASDAQ:OSIS) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

A number of other brokerages have also recently issued reports on OSIS. Roth Mkm raised their target price on shares of OSI Systems from $178.00 to $224.00 and gave the stock a “buy” rating in a report 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 report on Friday, January 24th. B. Riley upped their price objective on OSI Systems from $180.00 to $221.00 and gave the stock a “buy” 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 target price on the stock. Finally, Wells Fargo & Company boosted their price target on shares of OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $212.00.

OSI Systems Trading Down 1.8 %

Shares of NASDAQ OSIS opened at $200.30 on Thursday. The company has a quick ratio of 1.25, a current ratio of 1.88 and a debt-to-equity ratio of 0.56. The stock’s 50 day moving average price is $195.48 and its two-hundred day moving average price is $170.30. OSI Systems has a 52-week low of $126.57 and a 52-week high of $220.00. The stock has a market capitalization of $3.36 billion, a P/E ratio of 25.78, a PEG ratio of 1.81 and a beta of 1.20.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share (EPS) for the quarter, beating the consensus estimate 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 anticipate that OSI Systems will post 9.22 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Gerald M. Chizever sold 2,701 shares of OSI Systems stock in a transaction 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 in the company, valued at approximately $979,150. This trade represents a 35.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul Keith Morben sold 155 shares of the company’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $199.36, for a total value of $30,900.80. Following the completion of the sale, the insider now owns 10,077 shares of the company’s stock, valued at approximately $2,008,950.72. This trade represents a 1.51 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.

Institutional Investors Weigh In On OSI Systems

Several large investors have recently modified their holdings of the stock. Aster Capital Management DIFC Ltd purchased a new stake in shares of OSI Systems during the fourth quarter valued at $25,000. Richardson Financial Services Inc. lifted its stake in OSI Systems by 65.6% during the fourth quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock valued at $26,000 after buying an additional 61 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of OSI Systems by 243.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company’s stock worth $46,000 after buying an additional 195 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in shares of OSI Systems by 241.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 683 shares of the technology company’s stock worth $108,000 after buying an additional 483 shares during the period. Finally, KBC Group NV increased its position in shares of OSI Systems by 37.1% in the fourth quarter. KBC Group NV now owns 699 shares of the technology company’s stock worth $117,000 after acquiring an additional 189 shares in the last quarter. 89.21% of the stock is 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.