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

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

A number of other equities analysts have also recently commented on the company. Wells Fargo & Company increased 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. Roth Mkm increased 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. Bank of America began coverage on OSI Systems in a report on Monday, September 30th. They set a “buy” rating and a $175.00 target price for the company. Finally, B. Riley increased 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. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $173.00.

OSI Systems Stock Performance

NASDAQ OSIS opened at $177.40 on Friday. The stock has a 50-day moving average of $148.92 and a 200 day moving average of $144.24. OSI Systems has a twelve month low of $120.42 and a twelve month high of $177.56. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of 23.16, a PEG ratio of 1.51 and a beta of 1.10. The company has a current ratio of 1.84, a quick ratio of 1.20 and a debt-to-equity ratio of 0.60.

OSI Systems (NASDAQ:OSIS) last announced its earnings results on Thursday, October 24th. The technology company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $318.66 million. During the same quarter in the prior year, the firm earned $0.91 earnings per share. The business’s revenue was up 23.2% compared to the same quarter last year. Sell-side analysts anticipate that OSI Systems will post 9.12 EPS for the current fiscal year.

Insider Activity at OSI Systems

In related news, insider Paul Keith Morben sold 1,107 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 10,077 shares in the company, valued at approximately $1,461,568.08. This represents a 9.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gerald M. Chizever sold 3,000 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $138.41, for a total value of $415,230.00. Following the completion of the transaction, the director now owns 3,462 shares of the company’s stock, valued at $479,175.42. The trade was a 46.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,107 shares of company stock valued at $6,071,809. 5.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in OSIS. Quest Partners LLC purchased a new position in OSI Systems in the second quarter worth approximately $40,000. Innealta Capital LLC purchased a new position in OSI Systems in the second quarter worth approximately $82,000. International Assets Investment Management LLC grew its position in OSI Systems by 15,075.0% in the third quarter. International Assets Investment Management LLC now owns 607 shares of the technology company’s stock worth $92,000 after acquiring an additional 603 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in shares of OSI Systems during the second quarter worth $160,000. Finally, nVerses Capital LLC purchased a new position in shares of OSI Systems during the third quarter worth $182,000. 89.21% of the stock is currently owned by hedge funds and other 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.