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

StockNews.com cut shares of OSI Systems (NASDAQ:OSIS) from a hold rating to a sell rating in a research note released on Monday morning.

Other research analysts also recently issued reports about the company. B. Riley raised their price objective on OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Oppenheimer lifted their price target on OSI Systems from $205.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Roth Mkm lifted their price target on OSI Systems from $178.00 to $224.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Finally, Wells Fargo & Company lifted their price target on OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $209.40.

OSI Systems Stock Up 0.4 %

Shares of OSIS stock opened at $211.67 on Monday. The stock’s 50 day simple moving average is $181.45 and its 200 day simple moving average is $160.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 1.88. OSI Systems has a twelve month low of $126.57 and a twelve month high of $212.00. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of 27.24, a PEG ratio of 1.74 and a beta of 1.19.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings data on Thursday, January 23rd. The technology company reported $2.42 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.08. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. As a group, research analysts predict that OSI Systems will post 9.22 EPS for the current year.

Insider Transactions at OSI Systems

In other news, insider Paul Keith Morben sold 155 shares of OSI Systems stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $199.36, for a total transaction of $30,900.80. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Manoocher M. Aliabadi sold 1,728 shares of OSI Systems stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $180.39, for a total value of $311,713.92. Following the sale, the insider now directly owns 80,603 shares in the company, valued at $14,539,975.17. The trade was a 2.10 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,447 shares of company stock valued at $5,519,962. 5.20% of the stock is owned by corporate insiders.

Institutional Trading of OSI Systems

Several institutional investors have recently bought and sold shares of OSIS. Aster Capital Management DIFC Ltd acquired a new stake in OSI Systems in the 4th quarter valued at $25,000. Richardson Financial Services Inc. boosted its stake in OSI Systems by 65.6% in the 4th 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 stake in OSI Systems by 243.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company’s stock valued at $46,000 after buying an additional 195 shares in the last quarter. International Assets Investment Management LLC boosted its stake in OSI Systems by 15,075.0% in the 3rd quarter. International Assets Investment Management LLC now owns 607 shares of the technology company’s stock valued at $92,000 after buying an additional 603 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its stake in OSI Systems by 241.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 683 shares of the technology company’s stock valued at $108,000 after buying an additional 483 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.