OSI Systems (NASDAQ:OSIS) Upgraded by StockNews.com to “Buy”

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

Separately, Roth Mkm lifted their price objective on shares of OSI Systems from $165.00 to $169.00 and gave the company a buy rating in a research note on Friday, January 26th.

OSI Systems Trading Up 1.3 %

OSI Systems stock opened at $135.54 on Friday. The company’s fifty day simple moving average is $135.44 and its 200-day simple moving average is $126.72. The company has a quick ratio of 0.80, a current ratio of 1.43 and a debt-to-equity ratio of 0.17. OSI Systems has a 12 month low of $99.11 and a 12 month high of $144.11. The stock has a market cap of $2.31 billion, a P/E ratio of 20.57, a P/E/G ratio of 1.51 and a beta of 0.98.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings results on Thursday, January 25th. The technology company reported $2.21 EPS for the quarter, beating the consensus estimate of $1.74 by $0.47. OSI Systems had a net margin of 8.31% and a return on equity of 17.35%. The business had revenue of $373.20 million for the quarter, compared to analysts’ expectations of $364.29 million. During the same period in the previous year, the company posted $1.19 EPS. OSI Systems’s revenue was up 26.3% on a year-over-year basis. As a group, sell-side analysts forecast that OSI Systems will post 8.03 EPS for the current fiscal year.

Insider Activity at OSI Systems

In related news, CEO Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction 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 sale, the chief executive officer now owns 468,615 shares of the company’s stock, valued at approximately $60,502,882.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other OSI Systems news, General Counsel Victor S. Sze sold 15,000 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $130.21, for a total transaction of $1,953,150.00. Following the completion of the transaction, the general counsel now owns 63,116 shares of the company’s stock, valued at approximately $8,218,334.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Deepak Chopra sold 20,000 shares of the business’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $129.11, for a total transaction of $2,582,200.00. Following the transaction, the chief executive officer now directly owns 468,615 shares of the company’s stock, valued at approximately $60,502,882.65. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,000 shares of company stock valued at $6,503,650. Insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its position in OSI Systems by 1,193.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 29,052 shares of the technology company’s stock worth $4,149,000 after acquiring an additional 26,806 shares during the last quarter. Oliver Luxxe Assets LLC raised its position in shares of OSI Systems by 20.7% during the first quarter. Oliver Luxxe Assets LLC now owns 11,681 shares of the technology company’s stock valued at $1,668,000 after buying an additional 2,002 shares during the last quarter. Chatham Capital Group Inc. raised its position in shares of OSI Systems by 13.9% during the first quarter. Chatham Capital Group Inc. now owns 16,157 shares of the technology company’s stock valued at $2,308,000 after buying an additional 1,975 shares during the last quarter. Register Financial Advisors LLC acquired a new position in shares of OSI Systems during the first quarter valued at about $450,000. Finally, West Paces Advisors Inc. acquired a new position in shares of OSI Systems during the first quarter valued at about $28,000. Institutional investors and hedge funds own 89.21% of the company’s stock.

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.