OSI Systems (NASDAQ:OSIS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
According to Zacks, “OSI Systems is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications in the homeland security, healthcare, defense and aerospace industries. The Company combines more than 40 years of electronics engineering and manufacturing experience with offices and production facilities in more than a dozen countries to implement a strategy of expansion into selective end product markets. Their Research and Development teams are focused on expanding and enhancing their product portfolios and delivering breakthrough technology solutions and are making technological advances designed to keep pace with their rapidly changing marketplace. They have three operating divisions: Security division, Healthcare division & Optoelectronics & Manufacturing division. “
A number of other research analysts have also commented on the stock. BidaskClub lowered shares of OSI Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, January 9th. ValuEngine upgraded shares of OSI Systems from a “hold” rating to a “buy” rating in a research note on Thursday, December 20th. Finally, Drexel Hamilton reiterated a “buy” rating and set a $90.00 price objective on shares of OSI Systems in a research note on Wednesday, December 19th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. OSI Systems currently has a consensus rating of “Buy” and a consensus price target of $85.70.
Shares of NASDAQ OSIS traded up $2.33 during mid-day trading on Tuesday, reaching $76.07. 3,861 shares of the company traded hands, compared to its average volume of 108,494. OSI Systems has a fifty-two week low of $50.50 and a fifty-two week high of $82.94. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.37 and a quick ratio of 0.70. The firm has a market capitalization of $1.34 billion, a PE ratio of 20.96, a P/E/G ratio of 1.51 and a beta of 0.90.
OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings data on Thursday, October 25th. The technology company reported $0.81 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.20. OSI Systems had a negative net margin of 2.72% and a positive return on equity of 14.08%. The business had revenue of $266.25 million for the quarter, compared to analyst estimates of $246.87 million. During the same quarter last year, the business earned $0.79 earnings per share. Sell-side analysts anticipate that OSI Systems will post 3.9 earnings per share for the current fiscal year.
In other OSI Systems news, Director Steven C. Good sold 3,000 shares of OSI Systems stock in a transaction that occurred on Thursday, December 6th. The shares were sold at an average price of $69.16, for a total value of $207,480.00. Following the transaction, the director now owns 19,339 shares in the company, valued at $1,337,485.24. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Deepak Chopra sold 3,800 shares of OSI Systems stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $73.27, for a total transaction of $278,426.00. Following the completion of the transaction, the chief executive officer now owns 626,423 shares in the company, valued at approximately $45,898,013.21. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,478 shares of company stock worth $4,001,887. 8.60% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of OSIS. Resources Management Corp CT ADV acquired a new position in OSI Systems in the third quarter worth approximately $210,000. First Hawaiian Bank acquired a new position in OSI Systems in the 3rd quarter worth approximately $242,000. Coe Capital Management LLC boosted its stake in OSI Systems by 3.0% in the 3rd quarter. Coe Capital Management LLC now owns 6,815 shares of the technology company’s stock worth $520,000 after purchasing an additional 200 shares during the period. Los Angeles Capital Management & Equity Research Inc. acquired a new position in OSI Systems in the 3rd quarter worth approximately $575,000. Finally, State Board of Administration of Florida Retirement System boosted its stake in OSI Systems by 19.2% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 7,878 shares of the technology company’s stock worth $601,000 after purchasing an additional 1,271 shares during the period. Hedge funds and other institutional investors own 98.62% of the company’s stock.
OSI Systems Company Profile
OSI Systems, Inc designs, manufactures, and sells electronic systems and components worldwide. The company's Security segment offers baggage and parcel inspection, cargo and vehicle inspection, hold baggage and people screening, radiation detection, and explosive and narcotics trace detection systems under the Rapiscan Systems and AS&E names.
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