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 released on Friday.

Other analysts have also issued research reports about the stock. Roth Mkm raised their price target on shares of OSI Systems from $224.00 to $245.00 and gave the company a “buy” rating in a report on Friday, May 2nd. JPMorgan Chase & Co. started coverage on shares of OSI Systems in a research note on Friday, February 21st. They issued a “neutral” rating and a $225.00 price objective on the stock. Oppenheimer upped their price objective on OSI Systems from $225.00 to $260.00 and gave the company an “outperform” rating in a report on Monday, May 5th. Wells Fargo & Company decreased their price target on shares of OSI Systems from $220.00 to $210.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Finally, B. Riley reaffirmed a “buy” rating and set a $255.00 price objective (up previously from $221.00) on shares of OSI Systems in a research note on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $228.33.

OSI Systems Stock Performance

NASDAQ:OSIS opened at $232.00 on Friday. OSI Systems has a 52-week low of $129.18 and a 52-week high of $233.80. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 1.88. The company has a market cap of $3.90 billion, a price-to-earnings ratio of 29.86, a PEG ratio of 1.81 and a beta of 1.28. The firm’s 50-day moving average is $199.83 and its 200-day moving average is $186.13.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings results on Thursday, May 1st. The technology company reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.38 by $0.06. The firm had revenue of $444.35 million during the quarter, compared to analysts’ expectations of $436.49 million. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.16 earnings per share. Equities research analysts anticipate that OSI Systems will post 9.22 earnings per share for the current year.

Insider Activity at OSI Systems

In other news, Director William Francis Ballhaus, Jr. sold 933 shares of the firm’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $219.77, for a total transaction of $205,045.41. Following the completion of the sale, the director now owns 24,805 shares in the company, valued at approximately $5,451,394.85. This trade represents a 3.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction on Monday, May 5th. The stock was sold at an average price of $221.79, for a total value of $4,435,800.00. Following the sale, the chairman now directly owns 339,478 shares of the company’s stock, valued at $75,292,825.62. This represents a 5.56% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,621 shares of company stock valued at $9,375,570. Insiders own 5.20% of the company’s stock.

Institutional Investors Weigh In On OSI Systems

A number of large investors have recently bought and sold shares of OSIS. Janus Henderson Group PLC lifted its holdings in shares of OSI Systems by 1.8% in the fourth quarter. Janus Henderson Group PLC now owns 1,230,805 shares of the technology company’s stock worth $206,072,000 after acquiring an additional 21,637 shares during the last quarter. FMR LLC grew its holdings in shares of OSI Systems by 31.6% during the fourth quarter. FMR LLC now owns 847,907 shares of the technology company’s stock worth $141,965,000 after purchasing an additional 203,511 shares during the last quarter. Capital International Investors acquired a new position in shares of OSI Systems in the fourth quarter valued at approximately $97,258,000. Mawer Investment Management Ltd. raised its holdings in OSI Systems by 22.2% in the 1st quarter. Mawer Investment Management Ltd. now owns 461,022 shares of the technology company’s stock valued at $89,595,000 after buying an additional 83,724 shares during the last quarter. Finally, Clark Capital Management Group Inc. boosted its position in OSI Systems by 1.9% during the 1st quarter. Clark Capital Management Group Inc. now owns 369,473 shares of the technology company’s stock worth $71,803,000 after buying an additional 6,761 shares during the period. 89.21% of the stock is currently owned by institutional investors and hedge funds.

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.