OSI Systems (NASDAQ:OSIS) Downgraded by BidaskClub

BidaskClub lowered shares of OSI Systems (NASDAQ:OSIS) from a buy rating to a hold rating in a research report released on Friday morning, BidAskClub reports.

A number of other analysts have also recently weighed in on OSIS. Zacks Investment Research cut Inflarx from a buy rating to a hold rating in a research report on Friday, May 3rd. Roth Capital boosted their price target on Etsy from $72.00 to $76.00 and gave the stock a buy rating in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $107.00.

OSIS opened at $109.53 on Friday. OSI Systems has a 1 year low of $67.15 and a 1 year high of $117.21. The company’s fifty day moving average price is $112.15. The firm has a market capitalization of $1.98 billion, a PE ratio of 30.34, a price-to-earnings-growth ratio of 1.90 and a beta of 0.87. The company has a current ratio of 1.55, a quick ratio of 0.85 and a debt-to-equity ratio of 0.49.



OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.23. OSI Systems had a return on equity of 15.66% and a net margin of 4.59%. The company had revenue of $304.30 million during the quarter, compared to analysts’ expectations of $289.15 million. During the same quarter in the previous year, the firm earned $0.86 earnings per share. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. As a group, research analysts forecast that OSI Systems will post 4.22 earnings per share for the current year.

In other news, insider Ajay Mehra sold 30,000 shares of OSI Systems stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $100.77, for a total value of $3,023,100.00. Following the transaction, the insider now directly owns 159,274 shares in the company, valued at $16,050,040.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Deepak Chopra sold 34,500 shares of OSI Systems stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $102.89, for a total value of $3,549,705.00. Following the completion of the transaction, the insider now owns 540,738 shares in the company, valued at $55,636,532.82. The disclosure for this sale can be found here. Insiders sold 94,500 shares of company stock valued at $9,687,505 in the last ninety days. Insiders own 8.60% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in shares of OSI Systems by 5.2% in the fourth quarter. Geode Capital Management LLC now owns 193,127 shares of the technology company’s stock worth $14,156,000 after purchasing an additional 9,618 shares during the period. Legal & General Group Plc increased its stake in shares of OSI Systems by 0.5% in the fourth quarter. Legal & General Group Plc now owns 39,198 shares of the technology company’s stock worth $2,874,000 after purchasing an additional 180 shares during the period. Great West Life Assurance Co. Can increased its stake in shares of OSI Systems by 6.2% in the fourth quarter. Great West Life Assurance Co. Can now owns 21,528 shares of the technology company’s stock worth $1,456,000 after purchasing an additional 1,257 shares during the period. Principal Financial Group Inc. increased its stake in shares of OSI Systems by 0.9% in the fourth quarter. Principal Financial Group Inc. now owns 137,060 shares of the technology company’s stock worth $10,046,000 after purchasing an additional 1,198 shares during the period. Finally, Pasadena Private Wealth LLC bought a new position in shares of OSI Systems in the first quarter worth about $423,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

About OSI Systems

OSI Systems, Inc designs, manufactures, and sells electronic systems and components worldwide. The company's Security segment offers baggage and parcel inspection, cargo and vehicle inspection, hold baggage and people screening, radiation detection, and explosive and narcotics trace detection systems under the Rapiscan Systems and AS&E names.

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