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

StockNews.com downgraded shares of OSI Systems (NASDAQ:OSIS) from a hold rating to a sell rating in a research note issued to investors on Friday.

A number of other research analysts also recently weighed in on the company. B. Riley upped their price target on OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Wells Fargo & Company upped their target price on OSI Systems from $170.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Bank of America began coverage on shares of OSI Systems in a research note on Monday, September 30th. They set a “buy” rating and a $175.00 price target for the company. Finally, Roth Mkm raised their price objective on shares of OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $173.00.

OSI Systems Price Performance

Shares of OSIS opened at $168.99 on Friday. The firm has a market cap of $2.82 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 1.42 and a beta of 1.10. OSI Systems has a 52-week low of $119.57 and a 52-week high of $170.49. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.20 and a current ratio of 1.84. The business’s 50 day moving average price is $146.62 and its two-hundred day moving average price is $143.28.

OSI Systems (NASDAQ:OSIS) last issued its earnings results on Thursday, October 24th. The technology company reported $1.25 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $318.66 million. During the same period in the prior year, the firm earned $0.91 earnings per share. OSI Systems’s revenue was up 23.2% on a year-over-year basis. On average, equities analysts anticipate that OSI Systems will post 9.12 EPS for the current year.

Insider Buying and Selling

In other news, Director Gerald M. Chizever sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $138.41, for a total value of $415,230.00. Following the transaction, the director now owns 3,462 shares in the company, valued at $479,175.42. The trade was a 46.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Deepak Chopra sold 20,000 shares of the stock in a transaction that occurred 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 directly owns 459,033 shares of the company’s stock, valued at $66,523,062.36. The trade was a 4.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,107 shares of company stock worth $6,071,809. 5.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On OSI Systems

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in shares of OSI Systems during the 1st quarter valued at approximately $139,000. Sei Investments Co. grew its stake in shares of OSI Systems by 27.2% during the 1st quarter. Sei Investments Co. now owns 7,411 shares of the technology company’s stock worth $1,058,000 after acquiring an additional 1,587 shares during the period. UniSuper Management Pty Ltd bought a new position in shares of OSI Systems during the 1st quarter worth $466,000. Natixis increased its holdings in OSI Systems by 26.5% in the 1st quarter. Natixis now owns 4,300 shares of the technology company’s stock worth $614,000 after acquiring an additional 900 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in OSI Systems by 4.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,392 shares of the technology company’s stock valued at $2,485,000 after acquiring an additional 697 shares during the period. 89.21% of the stock is owned by hedge funds and other 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.