OSI Systems (NASDAQ:OSIS) Downgraded to “Hold” at StockNews.com

StockNews.com lowered shares of OSI Systems (NASDAQ:OSIS) from a buy rating to a hold rating in a research note published on Wednesday morning.

Separately, Roth Mkm upped their price target on shares of OSI Systems from $165.00 to $169.00 and gave the stock a buy rating in a report on Friday, January 26th.

OSI Systems Stock Performance

NASDAQ OSIS opened at $141.44 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 1.43 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $2.41 billion, a P/E ratio of 21.46, a P/E/G ratio of 1.54 and a beta of 0.97. OSI Systems has a 12-month low of $99.11 and a 12-month high of $142.10. The firm has a 50-day moving average price of $132.55 and a two-hundred day moving average price of $124.25.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings results on Thursday, January 25th. The technology company reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.47. OSI Systems had a net margin of 8.31% and a return on equity of 17.35%. The company had revenue of $373.20 million during the quarter, compared to the consensus estimate of $364.29 million. During the same quarter in the prior year, the firm posted $1.19 EPS. The firm’s quarterly revenue was up 26.3% on a year-over-year basis. Analysts anticipate that OSI Systems will post 8.03 earnings per share for the current year.

Insider Buying and Selling

In related news, General Counsel Victor S. Sze sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $131.22, for a total transaction of $1,968,300.00. Following the completion of the transaction, the general counsel now directly owns 78,116 shares in the company, valued at approximately $10,250,381.52. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other OSI Systems news, CEO Deepak Chopra sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $129.11, for a total value of $2,582,200.00. Following the completion of the transaction, the chief executive officer now directly owns 468,615 shares in the company, valued at approximately $60,502,882.65. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, General Counsel Victor S. Sze sold 15,000 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $131.22, for a total transaction of $1,968,300.00. Following the sale, the general counsel now owns 78,116 shares of the company’s stock, valued at $10,250,381.52. The disclosure for this sale can be found here. Insiders sold a total of 50,000 shares of company stock worth $6,503,650 in the last three months. 5.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On OSI Systems

Several large investors have recently modified their holdings of OSIS. Envestnet Asset Management Inc. boosted its stake in OSI Systems by 7,525.3% during the first quarter. Envestnet Asset Management Inc. now owns 449,281 shares of the technology company’s stock worth $332,000 after acquiring an additional 443,389 shares in the last quarter. Norges Bank bought a new position in OSI Systems during the fourth quarter worth $14,044,000. Thematics Asset Management bought a new position in OSI Systems during the second quarter worth $14,375,000. Intrinsic Edge Capital Management LLC bought a new position in shares of OSI Systems in the second quarter valued at $13,461,000. Finally, Vanguard Group Inc. lifted its stake in shares of OSI Systems by 5.4% in the fourth quarter. Vanguard Group Inc. now owns 2,097,875 shares of the technology company’s stock valued at $270,731,000 after buying an additional 107,383 shares in the last quarter. 89.21% of the stock is currently owned by institutional investors and hedge funds.

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.