OSI Systems (NASDAQ:OSIS) Upgraded to “Buy” by StockNews.com

StockNews.com upgraded shares of OSI Systems (NASDAQ:OSIS) from a hold rating to a buy rating in a research report released on Friday.

Separately, Roth Mkm increased their price objective on shares of OSI Systems from $165.00 to $169.00 and gave the stock a buy rating in a research report on Friday, January 26th.

OSI Systems Stock Up 1.3 %

Shares of OSIS stock opened at $135.54 on Friday. The firm has a fifty day moving average of $135.44 and a 200-day moving average of $126.72. The company has a quick ratio of 0.80, a current ratio of 1.43 and a debt-to-equity ratio of 0.17. OSI Systems has a 12-month low of $99.11 and a 12-month high of $144.11. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 20.57, a P/E/G ratio of 1.51 and a beta of 0.98.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings data on Thursday, January 25th. The technology company reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.47. OSI Systems had a net margin of 8.31% and a return on equity of 17.35%. The company had revenue of $373.20 million during the quarter, compared to the consensus estimate of $364.29 million. During the same quarter in the prior year, the firm earned $1.19 earnings per share. The firm’s revenue was up 26.3% compared to the same quarter last year. As a group, equities research analysts predict that OSI Systems will post 8.03 earnings per share for the current fiscal year.

Insider Activity at OSI Systems

In related news, General Counsel Victor S. Sze sold 15,000 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $131.22, for a total value of $1,968,300.00. Following the completion of the transaction, the general counsel now owns 78,116 shares of the company’s stock, valued at $10,250,381.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $129.11, for a total value of $2,582,200.00. Following the completion of the transaction, the chief executive officer now owns 468,615 shares of the company’s stock, valued at approximately $60,502,882.65. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Victor S. Sze sold 15,000 shares of OSI Systems stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $131.22, for a total transaction of $1,968,300.00. Following the completion of the transaction, the general counsel now directly owns 78,116 shares of the company’s stock, valued at approximately $10,250,381.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,000 shares of company stock valued at $6,503,650. Corporate insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Quantbot Technologies LP bought a new position in shares of OSI Systems in the 2nd quarter valued at about $25,000. West Paces Advisors Inc. bought a new position in shares of OSI Systems in the 1st quarter valued at about $28,000. Parkside Financial Bank & Trust grew its position in shares of OSI Systems by 27.1% in the 3rd quarter. Parkside Financial Bank & Trust now owns 422 shares of the technology company’s stock valued at $50,000 after acquiring an additional 90 shares during the period. Quest Partners LLC bought a new position in shares of OSI Systems in the 4th quarter valued at about $53,000. Finally, Russell Investments Group Ltd. grew its position in shares of OSI Systems by 160.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 500 shares of the technology company’s stock valued at $59,000 after acquiring an additional 308 shares during the period. Institutional investors own 89.21% of the company’s stock.

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.