OSI Systems, Inc. (NASDAQ:OSIS) Receives Consensus Rating of “Hold” from Analysts

OSI Systems, Inc. (NASDAQ:OSIS) has been given a consensus rating of “Hold” by the seven research firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $112.00.

A number of research analysts have recently commented on OSIS shares. Zacks Investment Research upgraded OSI Systems from a “hold” rating to a “buy” rating and set a $117.00 price target for the company in a research note on Thursday, August 29th. ValuEngine lowered OSI Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. BidaskClub lowered OSI Systems from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 9th. Finally, B. Riley set a $119.00 target price on OSI Systems and gave the stock a “buy” rating in a report on Monday, October 21st.

In related news, CEO Deepak Chopra sold 30,550 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $96.32, for a total transaction of $2,942,576.00. Following the completion of the transaction, the chief executive officer now directly owns 506,459 shares of the company’s stock, valued at approximately $48,782,130.88. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Ajay Mehra sold 1,779 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $96.73, for a total value of $172,082.67. Following the transaction, the executive vice president now directly owns 144,792 shares of the company’s stock, valued at $14,005,730.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 105,175 shares of company stock worth $10,363,436. 6.80% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Usca Ria LLC acquired a new position in shares of OSI Systems in the third quarter worth approximately $29,000. Advisors Preferred LLC acquired a new position in shares of OSI Systems in the 2nd quarter worth approximately $38,000. Flagship Harbor Advisors LLC lifted its position in shares of OSI Systems by 267.8% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 331 shares of the technology company’s stock worth $33,000 after purchasing an additional 241 shares during the period. Marshall Wace North America L.P. bought a new stake in shares of OSI Systems in the 1st quarter valued at $35,000. Finally, Tower Research Capital LLC TRC bought a new stake in shares of OSI Systems in the 3rd quarter valued at $44,000. Hedge funds and other institutional investors own 96.97% of the company’s stock.

NASDAQ OSIS traded up $0.86 during trading on Friday, hitting $99.62. 117,902 shares of the company’s stock were exchanged, compared to its average volume of 115,256. The company has a market cap of $1.83 billion, a PE ratio of 23.06, a P/E/G ratio of 1.69 and a beta of 0.82. The company has a current ratio of 1.61, a quick ratio of 0.93 and a debt-to-equity ratio of 0.48. OSI Systems has a fifty-two week low of $68.58 and a fifty-two week high of $117.21. The stock’s 50 day moving average price is $98.25 and its two-hundred day moving average price is $105.05.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings results on Thursday, October 24th. The technology company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.05. OSI Systems had a net margin of 6.31% and a return on equity of 15.64%. The company had revenue of $290.90 million for the quarter, compared to analyst estimates of $281.26 million. During the same period in the previous year, the firm posted $0.81 EPS. The firm’s revenue was up 9.3% on a year-over-year basis. Analysts forecast that OSI Systems will post 4.72 earnings per share for the current fiscal year.

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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