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

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

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

OSI Systems Stock Performance

Shares of OSIS stock opened at $164.91 on Friday. The firm has a market capitalization of $2.76 billion, a price-to-earnings 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. The business has a fifty day moving average of $146.14 and a 200 day moving average of $142.99. OSI Systems has a 1 year low of $117.07 and a 1 year high of $168.68.

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 analysts’ consensus estimates of $1.06 by $0.19. The company had revenue of $344.01 million during the quarter, compared to analyst estimates of $318.66 million. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. The firm’s quarterly revenue was up 23.2% on a year-over-year basis. During the same quarter last year, the business posted $0.91 EPS. As a group, research analysts expect that OSI Systems will post 9.12 earnings per share 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 transaction of $415,230.00. Following the transaction, the director now directly 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 document filed with the SEC, which is available at this hyperlink. Also, CEO Deepak Chopra sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $144.92, for a total value of $2,898,400.00. Following the transaction, the chief executive officer now owns 459,033 shares in the company, valued at approximately $66,523,062.36. This represents a 4.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,107 shares of company stock worth $6,071,809. Insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Arizona State Retirement System boosted its holdings in shares of OSI Systems by 2.2% during the 2nd quarter. Arizona State Retirement System now owns 4,532 shares of the technology company’s stock worth $623,000 after purchasing an additional 97 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of OSI Systems by 1.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 7,900 shares of the technology company’s stock valued at $1,086,000 after buying an additional 100 shares during the period. Orion Portfolio Solutions LLC raised its position in shares of OSI Systems by 3.3% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 3,301 shares of the technology company’s stock valued at $501,000 after buying an additional 106 shares during the period. US Bancorp DE raised its position in shares of OSI Systems by 4.8% during the 3rd quarter. US Bancorp DE now owns 2,418 shares of the technology company’s stock valued at $367,000 after buying an additional 111 shares during the period. Finally, Inspire Investing LLC raised its position in shares of OSI Systems by 7.9% during the 3rd quarter. Inspire Investing LLC now owns 2,741 shares of the technology company’s stock valued at $416,000 after buying an additional 200 shares during the period. 89.21% of the stock is currently owned by institutional investors and hedge funds.

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.