StockNews.com Downgrades OSI Systems (NASDAQ:OSIS) to Sell

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

A number of other brokerages have also issued reports on OSIS. Roth Mkm increased their target price on shares of OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. B. Riley increased their target price on shares of OSI Systems from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Wells Fargo & Company increased their target price on shares of OSI Systems from $170.00 to $172.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Finally, Bank of America initiated coverage on shares of OSI Systems in a research report on Monday, September 30th. They issued a “buy” rating and a $175.00 target price for the company. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the stock. Based on data from MarketBeat, OSI Systems currently has a consensus rating of “Moderate Buy” and an average target price of $173.00.

OSI Systems Stock Down 0.3 %

OSI Systems stock opened at $164.91 on Friday. The company has a 50-day simple moving average of $146.14 and a 200-day simple moving average of $142.93. The firm has a market capitalization of $2.76 billion, a P/E ratio of 21.53, a P/E/G ratio of 1.43 and a beta of 1.10. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.20 and a current ratio of 1.84. OSI Systems has a one year low of $117.07 and a one year high of $168.68.

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. The business had revenue of $344.01 million during the quarter, compared to analyst estimates of $318.66 million. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. The company’s quarterly revenue was up 23.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.91 earnings per share. As a group, equities analysts expect that OSI Systems will post 9.12 earnings per share for the current year.

Insider Activity

In other news, insider Paul Keith Morben sold 1,107 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $145.04, for a total transaction of $160,559.28. Following the completion of the transaction, the insider now owns 10,077 shares in the company, valued at approximately $1,461,568.08. This trade represents a 9.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Gerald M. Chizever sold 2,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $148.16, for a total transaction of $296,320.00. Following the transaction, the director now owns 7,701 shares of the company’s stock, valued at approximately $1,140,980.16. This trade represents a 20.62 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,107 shares of company stock worth $6,071,809. Corporate insiders own 5.20% of the company’s stock.

Institutional Trading of OSI Systems

Hedge funds have recently bought and sold shares of the company. Tidal Investments LLC purchased a new stake in OSI Systems during the first quarter valued at about $921,000. Renaissance Technologies LLC lifted its stake in OSI Systems by 79.8% during the second quarter. Renaissance Technologies LLC now owns 25,683 shares of the technology company’s stock valued at $3,532,000 after buying an additional 11,400 shares in the last quarter. Victory Capital Management Inc. lifted its stake in OSI Systems by 25.8% during the third quarter. Victory Capital Management Inc. now owns 123,213 shares of the technology company’s stock valued at $18,707,000 after buying an additional 25,262 shares in the last quarter. GHP Investment Advisors Inc. lifted its stake in OSI Systems by 71.2% during the third quarter. GHP Investment Advisors Inc. now owns 26,872 shares of the technology company’s stock valued at $4,080,000 after buying an additional 11,173 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of OSI Systems by 24.4% in the third quarter. Van ECK Associates Corp now owns 81,346 shares of the technology company’s stock worth $11,563,000 after purchasing an additional 15,945 shares in the last quarter. 89.21% of the stock is owned by hedge funds and other 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.