OSI Systems (NASDAQ:OSIS) Rating Lowered to “Sell” at StockNews.com

OSI Systems (NASDAQ:OSIS) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

Other equities analysts also recently issued reports about the company. Wells Fargo & Company lifted their price target on OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Roth Mkm boosted their price target on OSI Systems from $178.00 to $224.00 and gave the company a “buy” rating in a report on Friday, January 24th. Oppenheimer upped their price target on OSI Systems from $205.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. B. Riley lifted their price objective on shares of OSI Systems from $180.00 to $221.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Finally, JPMorgan Chase & Co. assumed coverage on shares of OSI Systems in a report on Friday, February 21st. They set a “neutral” rating and a $225.00 target price on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $212.00.

OSI Systems Price Performance

Shares of NASDAQ OSIS opened at $193.32 on Thursday. The company has a quick ratio of 1.25, a current ratio of 1.88 and a debt-to-equity ratio of 0.56. OSI Systems has a fifty-two week low of $126.57 and a fifty-two week high of $220.00. The business has a 50 day moving average price of $196.64 and a two-hundred day moving average price of $170.88. The firm has a market cap of $3.25 billion, a PE ratio of 24.88, a price-to-earnings-growth ratio of 1.81 and a beta of 1.20.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.08. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. Sell-side analysts expect that OSI Systems will post 9.22 earnings per share for the current fiscal year.

Insider Transactions at OSI Systems

In other OSI Systems news, Director Gerald M. Chizever sold 2,701 shares of the business’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $195.83, for a total transaction of $528,936.83. Following the completion of the transaction, the director now owns 5,000 shares in the company, valued at approximately $979,150. The trade was a 35.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Paul Keith Morben sold 155 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $199.36, for a total value of $30,900.80. Following the completion of the transaction, the insider now directly owns 10,077 shares of the company’s stock, valued at approximately $2,008,950.72. The trade was a 1.51 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

Hedge Funds Weigh In On OSI Systems

A number of institutional investors and hedge funds have recently bought and sold shares of OSIS. Intech Investment Management LLC lifted its stake in shares of OSI Systems by 31.6% in the 3rd quarter. Intech Investment Management LLC now owns 5,411 shares of the technology company’s stock worth $822,000 after acquiring an additional 1,300 shares during the period. Citigroup Inc. lifted its position in OSI Systems by 64.9% in the third quarter. Citigroup Inc. now owns 27,320 shares of the technology company’s stock worth $4,148,000 after purchasing an additional 10,753 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in OSI Systems in the third quarter worth approximately $354,000. FMR LLC boosted its stake in OSI Systems by 4,891.4% during the 3rd quarter. FMR LLC now owns 644,396 shares of the technology company’s stock valued at $97,839,000 after purchasing an additional 631,486 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of OSI Systems by 44.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 17,710 shares of the technology company’s stock valued at $2,689,000 after purchasing an additional 5,468 shares during the period. Institutional investors own 89.21% of the company’s stock.

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.