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

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

Several other equities analysts have also recently commented on OSIS. JPMorgan Chase & Co. initiated coverage on shares of OSI Systems in a research report on Friday, February 21st. They set a “neutral” rating and a $225.00 price target on the stock. B. Riley increased their price target on shares of OSI Systems from $180.00 to $221.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Oppenheimer increased their price target on shares of OSI Systems from $205.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Wells Fargo & Company increased their price target on shares of OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Finally, Roth Mkm increased their price target on shares of OSI Systems from $178.00 to $224.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, OSI Systems has an average rating of “Moderate Buy” and a consensus price target of $212.00.

OSI Systems Stock Performance

NASDAQ:OSIS opened at $197.43 on Wednesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.88 and a quick ratio of 1.25. The firm has a 50-day moving average of $192.04 and a two-hundred day moving average of $168.52. The stock has a market cap of $3.32 billion, a P/E ratio of 25.41, a PEG ratio of 1.81 and a beta of 1.20. OSI Systems has a 1-year low of $126.57 and a 1-year high of $220.00.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings data on Thursday, January 23rd. The technology company reported $2.42 earnings per share for the quarter, beating 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%. On average, research analysts expect that OSI Systems will post 9.22 earnings per share for the current fiscal year.

Insider Buying and Selling at OSI Systems

In other OSI Systems news, Director Gerald M. Chizever sold 2,701 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $195.83, for a total value of $528,936.83. Following the sale, the director now owns 5,000 shares in the company, valued at approximately $979,150. This trade represents a 35.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul Keith Morben sold 155 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $199.36, for a total transaction of $30,900.80. Following the completion of the sale, the insider now owns 10,077 shares in the company, valued at $2,008,950.72. The trade was a 1.51 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Janus Henderson Group PLC boosted its holdings in shares of OSI Systems by 1.8% in the fourth quarter. Janus Henderson Group PLC now owns 1,230,805 shares of the technology company’s stock valued at $206,072,000 after acquiring an additional 21,637 shares in the last quarter. FMR LLC boosted its holdings in OSI Systems by 31.6% during the fourth quarter. FMR LLC now owns 847,907 shares of the technology company’s stock worth $141,965,000 after buying an additional 203,511 shares in the last quarter. State Street Corp boosted its holdings in OSI Systems by 0.9% during the third quarter. State Street Corp now owns 727,690 shares of the technology company’s stock worth $110,485,000 after buying an additional 6,514 shares in the last quarter. Capital International Investors bought a new stake in OSI Systems during the fourth quarter worth approximately $97,258,000. Finally, Geode Capital Management LLC boosted its holdings in OSI Systems by 1.5% during the third quarter. Geode Capital Management LLC now owns 380,092 shares of the technology company’s stock worth $57,720,000 after buying an additional 5,718 shares in the last quarter. 89.21% of the stock is currently 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.