OSI Systems (NASDAQ:OSIS) Upgraded at StockNews.com

StockNews.com upgraded shares of OSI Systems (NASDAQ:OSIS) from a sell rating to a hold rating in a report issued on Tuesday.

A number of other brokerages have also commented on OSIS. Bank of America assumed coverage on OSI Systems in a research note on Monday, September 30th. They issued a “buy” rating and a $175.00 target price for the company. B. Riley upped their target price on OSI Systems from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Roth Mkm upped their target price on OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Finally, Wells Fargo & Company upped their target price on OSI Systems from $170.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $179.00.

OSI Systems Stock Up 0.4 %

Shares of OSI Systems stock opened at $187.75 on Tuesday. The stock has a market capitalization of $3.14 billion, a P/E ratio of 24.51, a PEG ratio of 1.55 and a beta of 1.18. The company has a quick ratio of 1.20, a current ratio of 1.84 and a debt-to-equity ratio of 0.60. The stock has a 50 day moving average price of $155.39 and a two-hundred day moving average price of $146.89. OSI Systems has a 12-month low of $120.42 and a 12-month high of $189.02.

OSI Systems (NASDAQ:OSIS) last announced its 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 return on equity of 18.17% and a net margin of 8.31%. The firm 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 business earned $0.91 earnings per share. The company’s revenue was up 23.2% on a year-over-year basis. Equities analysts expect that OSI Systems will post 9.13 earnings per share for the current year.

Insider Transactions at OSI Systems

In other OSI Systems news, CEO Deepak Chopra sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $153.42, for a total transaction of $2,301,300.00. Following the transaction, the chief executive officer now owns 424,323 shares of the company’s stock, valued at $65,099,634.66. The trade was a 3.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Manoocher M. Aliabadi sold 1,728 shares of the business’s 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 transaction, the insider now directly owns 80,603 shares in the company, valued at $14,539,975.17. This trade represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,728 shares of company stock valued at $5,807,734 over the last 90 days. 5.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. grew its holdings in shares of OSI Systems by 3.5% during the 3rd quarter. Franklin Resources Inc. now owns 9,560 shares of the technology company’s stock worth $1,429,000 after purchasing an additional 324 shares in the last quarter. World Investment Advisors LLC acquired a new stake in shares of OSI Systems during the 3rd quarter worth $16,713,000. Hohimer Wealth Management LLC acquired a new stake in shares of OSI Systems during the 3rd quarter worth $264,000. Geode Capital Management LLC grew its holdings in shares of OSI Systems by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 380,092 shares of the technology company’s stock worth $57,720,000 after purchasing an additional 5,718 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of OSI Systems by 252.3% during the 3rd quarter. Barclays PLC now owns 35,519 shares of the technology company’s stock worth $5,392,000 after purchasing an additional 25,437 shares in the last quarter. 89.21% of the stock is currently owned by 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.