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

OSI Systems (NASDAQ:OSIS) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

Several other equities analysts also recently commented on OSIS. B. Riley restated a “buy” rating and issued a $255.00 price objective (up from $221.00) on shares of OSI Systems in a research report on Friday, May 2nd. Roth Mkm boosted their price target on OSI Systems from $224.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Oppenheimer increased their price objective on shares of 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 reduced their price objective on shares of OSI Systems from $220.00 to $210.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. began coverage on shares of OSI Systems in a research report on Friday, February 21st. They set a “neutral” rating and a $225.00 target price for the company. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, OSI Systems presently has an average rating of “Moderate Buy” and an average target price of $228.33.

OSI Systems Price Performance

NASDAQ OSIS opened at $227.98 on Friday. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of 29.34, a PEG ratio of 1.81 and a beta of 1.28. OSI Systems has a 12 month low of $129.18 and a 12 month high of $233.80. The company’s 50 day moving average is $198.80 and its two-hundred day moving average is $184.73. The company has a current ratio of 1.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.56.

OSI Systems (NASDAQ:OSIS) last released its earnings results on Thursday, May 1st. The technology company reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.38 by $0.06. The company had revenue of $444.35 million for 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%. OSI Systems’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.16 EPS. As a group, research analysts anticipate that OSI Systems will post 9.22 earnings per share for the current year.

Insider Buying and Selling

In other OSI Systems news, CFO Alan I. Edrick sold 20,000 shares of OSI Systems stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $229.00, for a total value of $4,580,000.00. Following the completion of the transaction, the chief financial officer now directly owns 284,953 shares of the company’s stock, valued at $65,254,237. This trade represents a 6.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Glenn Grindstaff sold 688 shares of the business’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $224.89, for a total transaction of $154,724.32. Following the completion of the sale, the insider now owns 8,354 shares in the company, valued at approximately $1,878,731.06. This trade represents a 7.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,621 shares of company stock worth $9,375,570. Corporate insiders own 5.20% of the company’s stock.

Institutional Investors Weigh In On OSI Systems

Institutional investors have recently modified their holdings of the stock. Janus Henderson Group PLC raised its holdings in OSI Systems by 1.8% during the 4th quarter. Janus Henderson Group PLC now owns 1,230,805 shares of the technology company’s stock valued at $206,072,000 after buying an additional 21,637 shares during the period. FMR LLC increased its position in OSI Systems by 31.6% during the fourth quarter. FMR LLC now owns 847,907 shares of the technology company’s stock valued at $141,965,000 after acquiring an additional 203,511 shares during the last quarter. Capital International Investors purchased a new stake in shares of OSI Systems in the fourth quarter valued at $97,258,000. Mawer Investment Management Ltd. raised its stake in shares of OSI Systems by 22.2% in the first quarter. Mawer Investment Management Ltd. now owns 461,022 shares of the technology company’s stock valued at $89,595,000 after acquiring an additional 83,724 shares during the period. Finally, Clark Capital Management Group Inc. lifted its holdings in shares of OSI Systems by 19.7% in the 4th quarter. Clark Capital Management Group Inc. now owns 362,712 shares of the technology company’s stock worth $60,729,000 after acquiring an additional 59,690 shares during the last quarter. 89.21% of the stock is 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.