OSI Systems (NASDAQ:OSIS) Downgraded to Sell Rating by StockNews.com

by · The Cerbat Gem

StockNews.com lowered shares of OSI Systems (NASDAQ:OSIS – Free Report) from a hold rating to a sell rating in a research report report published on Friday morning.

OSIS has been the topic of a number of other reports. Wells Fargo & Company upped their price target on OSI Systems from $170.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. B. Riley upped their target price on OSI Systems from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Roth Mkm increased their price target on OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Finally, Bank of America assumed coverage on OSI Systems in a research note on Monday, September 30th. They set a “buy” rating and a $175.00 price target on the stock. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. Based on data from MarketBeat.com, OSI Systems presently has a consensus rating of “Moderate Buy” and an average price target of $173.00.

Read Our Latest Analysis on OSI Systems

OSI Systems Trading Down 0.3 %

Shares of NASDAQ OSIS opened at $164.91 on Friday. OSI Systems has a 1-year low of $117.07 and a 1-year high of $168.68. The business has a fifty day moving average price of $145.75 and a 200 day moving average price of $142.70. The stock has a market capitalization of $2.76 billion, a P/E ratio of 21.53, a price-to-earnings-growth ratio of 1.43 and a beta of 1.10. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.84 and a quick ratio of 1.20.

OSI Systems (NASDAQ:OSIS – Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The technology company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.06 by $0.19. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. The business had revenue of $344.01 million during the quarter, compared to analyst estimates of $318.66 million. During the same period in the prior year, the firm posted $0.91 earnings per share. The company’s quarterly revenue was up 23.2% on a year-over-year basis. Equities research analysts expect that OSI Systems will post 9.12 EPS for the current fiscal year.

Insider Activity

In other news, CEO Deepak Chopra sold 20,000 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $144.92, for a total value of $2,898,400.00. Following the sale, the chief executive officer now owns 459,033 shares in the company, valued at $66,523,062.36. This represents a 4.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gerald M. Chizever sold 3,000 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $138.41, for a total transaction of $415,230.00. Following the transaction, the director now directly owns 3,462 shares of the company’s stock, valued at approximately $479,175.42. This trade represents a 46.43 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,107 shares of company stock valued at $6,071,809. Company insiders own 5.20% of the company’s stock.

Institutional Trading of OSI Systems

Hedge funds have recently modified their holdings of the stock. Tidal Investments LLC purchased a new stake in OSI Systems during the first quarter worth $921,000. Renaissance Technologies LLC boosted its stake in shares of OSI Systems by 79.8% during the 2nd quarter. Renaissance Technologies LLC now owns 25,683 shares of the technology company’s stock worth $3,532,000 after acquiring an additional 11,400 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of OSI Systems by 25.8% during the 3rd quarter. Victory Capital Management Inc. now owns 123,213 shares of the technology company’s stock worth $18,707,000 after acquiring an additional 25,262 shares in the last quarter. GHP Investment Advisors Inc. grew its position in shares of OSI Systems by 71.2% during the 3rd quarter. GHP Investment Advisors Inc. now owns 26,872 shares of the technology company’s stock valued at $4,080,000 after acquiring an additional 11,173 shares during the period. Finally, Van ECK Associates Corp increased its stake in shares of OSI Systems by 24.4% in the 3rd quarter. Van ECK Associates Corp now owns 81,346 shares of the technology company’s stock valued at $11,563,000 after purchasing an additional 15,945 shares in the last quarter. Hedge funds and other institutional investors own 89.21% of the company’s stock.

OSI Systems Company Profile

(Get Free Report)

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.

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