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

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

Other equities analysts also recently issued research reports about the company. B. Riley increased their price objective on OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Wells Fargo & Company increased their price objective on OSI Systems from $170.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Roth Mkm increased their price objective on OSI Systems from $172.00 to $178.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Finally, Bank of America assumed coverage on OSI Systems in a report on Monday, September 30th. They issued a “buy” rating and a $175.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $173.00.

OSI Systems Price Performance

NASDAQ OSIS 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 company has a debt-to-equity ratio of 0.60, a current ratio of 1.84 and a quick ratio of 1.20. The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of 21.53, a price-to-earnings-growth ratio of 1.43 and a beta of 1.10. OSI Systems has a 52-week low of $117.07 and a 52-week high of $168.68.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings results on Thursday, October 24th. The technology company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.19. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. The business had revenue of $344.01 million during the quarter, compared to analyst estimates of $318.66 million. During the same period in the prior year, the firm earned $0.91 earnings per share. The firm’s revenue was up 23.2% compared to the same quarter last year. Equities research analysts predict that OSI Systems will post 9.12 earnings per share for the current fiscal year.

Insider Buying and Selling at OSI Systems

In other news, CEO Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $144.92, for a total value of $2,898,400.00. Following the sale, the chief executive officer now owns 459,033 shares in the company, valued at approximately $66,523,062.36. This trade represents a 4.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Gerald M. Chizever sold 3,000 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $138.41, for a total transaction of $415,230.00. Following the completion of the sale, the director now owns 3,462 shares in the company, valued at approximately $479,175.42. The trade was a 46.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,107 shares of company stock worth $6,071,809 over the last 90 days. Insiders own 5.20% of the company’s stock.

Institutional Investors Weigh In On OSI Systems

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Quest Partners LLC bought a new position in OSI Systems in the second quarter worth $40,000. Cape Investment Advisory Inc. bought a new position in OSI Systems in the first quarter worth $63,000. Innealta Capital LLC bought a new position in OSI Systems in the second quarter worth $82,000. International Assets Investment Management LLC lifted 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 purchasing an additional 603 shares during the period. Finally, SG Americas Securities LLC bought a new position in OSI Systems in the first quarter worth $139,000. 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.