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

StockNews.com upgraded shares of OSI Systems (NASDAQ:OSIS) from a sell rating to a hold rating in a research note issued to investors on Wednesday.

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

OSI Systems Trading Up 5.3 %

OSIS opened at $202.83 on Wednesday. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 26.10, a P/E/G ratio of 1.81 and a beta of 1.20. The company has a quick ratio of 1.25, a current ratio of 1.88 and a debt-to-equity ratio of 0.56. OSI Systems has a twelve month low of $126.57 and a twelve month high of $220.00. The company has a 50-day simple moving average of $191.25 and a 200 day simple moving average of $168.32.

OSI Systems (NASDAQ:OSIS) last issued its earnings results on Thursday, January 23rd. The technology company reported $2.42 EPS for the quarter, beating the consensus estimate of $2.34 by $0.08. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. Analysts predict that OSI Systems will post 9.22 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Gerald M. Chizever sold 2,701 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $195.83, for a total value of $528,936.83. Following the completion of the sale, the director now directly owns 5,000 shares in the company, valued at $979,150. This represents a 35.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Paul Keith Morben sold 155 shares of OSI Systems stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $199.36, for a total value of $30,900.80. Following the transaction, the insider now directly owns 10,077 shares in the company, valued at $2,008,950.72. The trade was a 1.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On OSI Systems

A number of hedge funds have recently made changes to their positions in OSIS. Intech Investment Management LLC increased its position in OSI Systems by 31.6% during the 3rd quarter. Intech Investment Management LLC now owns 5,411 shares of the technology company’s stock valued at $822,000 after purchasing an additional 1,300 shares during the period. Primecap Management Co. CA increased its position in shares of OSI Systems by 4.9% during the third quarter. Primecap Management Co. CA now owns 294,500 shares of the technology company’s stock worth $44,714,000 after buying an additional 13,880 shares during the period. Citigroup Inc. raised its stake in OSI Systems by 64.9% during the third quarter. Citigroup Inc. now owns 27,320 shares of the technology company’s stock worth $4,148,000 after buying an additional 10,753 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in OSI Systems in the third quarter valued at $354,000. Finally, Truvestments Capital LLC boosted its position in OSI Systems by 11.1% during the third quarter. Truvestments Capital LLC now owns 2,159 shares of the technology company’s stock valued at $328,000 after acquiring an additional 216 shares during the last quarter. 89.21% of the stock is currently owned by institutional investors.

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.