OSI Systems (NASDAQ:OSIS) Lowered 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 report released on Thursday.

OSIS has been the subject of several other research reports. Roth Mkm raised their price objective 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. Wells Fargo & Company raised their price target on shares of OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. started coverage on shares of OSI Systems in a research note on Friday, February 21st. They issued a “neutral” rating and a $225.00 price target for the company. B. Riley raised their target price on OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Finally, Oppenheimer boosted their target price on OSI Systems from $205.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, OSI Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $212.00.

OSI Systems Stock Performance

Shares of OSIS stock opened at $199.11 on Thursday. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 25.63, a PEG ratio of 1.81 and a beta of 1.20. The company has a current ratio of 1.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.56. The business’s 50-day moving average price is $196.10 and its 200-day moving average price is $170.50. OSI Systems has a 12 month low of $126.57 and a 12 month high of $220.00.

OSI Systems (NASDAQ:OSIS) last posted its 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%. Equities research analysts forecast that OSI Systems will post 9.22 EPS for the current year.

Insider Buying and Selling at OSI Systems

In related news, insider Paul Keith Morben sold 155 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was 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 directly owns 10,077 shares of the company’s stock, valued at approximately $2,008,950.72. This trade represents a 1.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gerald M. Chizever sold 2,701 shares of the business’s stock in a transaction dated 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 directly owns 5,000 shares in the company, valued at $979,150. This trade represents a 35.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp lifted its stake in OSI Systems by 0.9% in the third quarter. State Street Corp now owns 727,690 shares of the technology company’s stock valued at $110,485,000 after purchasing an additional 6,514 shares during the last quarter. Park Avenue Securities LLC lifted its position in shares of OSI Systems by 36.0% during the 4th quarter. Park Avenue Securities LLC now owns 6,275 shares of the technology company’s stock valued at $1,051,000 after buying an additional 1,660 shares during the last quarter. HighTower Advisors LLC purchased a new position in shares of OSI Systems during the 3rd quarter valued at $443,000. Citigroup Inc. grew its stake in shares of OSI Systems by 64.9% during the 3rd quarter. Citigroup Inc. now owns 27,320 shares of the technology company’s stock worth $4,148,000 after acquiring an additional 10,753 shares during the period. Finally, FMR LLC increased its holdings in OSI Systems by 4,891.4% in the 3rd quarter. FMR LLC now owns 644,396 shares of the technology company’s stock worth $97,839,000 after acquiring an additional 631,486 shares during the last quarter. 89.21% of the stock is owned by institutional investors.

OSI Systems Company Profile

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.