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

StockNews.com downgraded shares of OSI Systems (NASDAQ:OSIS) from a hold rating to a sell rating in a research report released on Wednesday morning.

A number of other research firms also recently commented on OSIS. Wells Fargo & Company boosted their price objective on OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. B. Riley upped their price target on shares of OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a report on Friday, January 24th. JPMorgan Chase & Co. initiated coverage on shares of OSI Systems in a research report on Friday, February 21st. They set a “neutral” rating and a $225.00 price objective for the company. Oppenheimer boosted their target price on shares of OSI Systems from $205.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Finally, Roth Mkm increased their target price on shares of OSI Systems from $178.00 to $224.00 and gave the company a “buy” rating in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $212.00.

OSI Systems Stock Up 1.2 %

OSI Systems stock opened at $202.31 on Wednesday. OSI Systems has a 52 week low of $126.57 and a 52 week high of $220.00. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 26.04, a PEG ratio of 1.81 and a beta of 1.19. The company’s 50-day moving average price is $185.45 and its two-hundred day moving average price is $163.74. The company has a current ratio of 1.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.56.

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

Insider Buying and Selling at OSI Systems

In other news, CEO Deepak Chopra sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $187.66, for a total transaction of $3,753,200.00. Following the sale, the chief executive officer now owns 404,323 shares in the company, valued at $75,875,254.18. The trade was a 4.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul Keith Morben sold 155 shares of the firm’s 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 completion of the transaction, the insider now directly owns 10,077 shares of the company’s stock, valued at $2,008,950.72. This represents a 1.51 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,447 shares of company stock valued at $5,519,962. 5.20% of the stock is currently owned by corporate insiders.

Institutional Trading of OSI Systems

Several hedge funds and other institutional investors have recently modified their holdings of OSIS. FMR LLC lifted its stake in OSI Systems by 4,891.4% in the 3rd quarter. FMR LLC now owns 644,396 shares of the technology company’s stock worth $97,839,000 after acquiring an additional 631,486 shares in the last quarter. Capital International Investors acquired a new position in shares of OSI Systems in the 4th quarter valued at about $97,258,000. Mawer Investment Management Ltd. purchased a new stake in shares of OSI Systems in the fourth quarter worth approximately $63,171,000. Brown Advisory Inc. acquired a new stake in shares of OSI Systems during the fourth quarter worth approximately $45,618,000. Finally, World Investment Advisors LLC purchased a new position in OSI Systems during the third quarter valued at approximately $16,713,000. Institutional investors and hedge funds own 89.21% of the company’s stock.

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.