OSI Systems (NASDAQ:OSIS) Rating Lowered to Hold at StockNews.com

OSI Systems (NASDAQ:OSIS) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Separately, Roth Mkm boosted their price objective on shares of OSI Systems from $169.00 to $172.00 and gave the company a “buy” rating in a research note on Friday.

OSI Systems Stock Up 0.5 %

Shares of NASDAQ OSIS opened at $134.82 on Friday. OSI Systems has a 52-week low of $102.02 and a 52-week high of $144.11. The firm has a fifty day moving average of $135.68 and a 200-day moving average of $127.40. The stock has a market capitalization of $2.30 billion, a PE ratio of 20.46, a P/E/G ratio of 1.58 and a beta of 0.98. 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 (NASDAQ:OSIS) last announced its quarterly earnings data on Thursday, April 25th. The technology company reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.11 by $0.05. OSI Systems had a net margin of 8.31% and a return on equity of 17.35%. The company had revenue of $405.41 million during the quarter, compared to analysts’ expectations of $401.99 million. During the same period in the previous year, the company earned $1.49 EPS. The business’s quarterly revenue was up 33.8% compared to the same quarter last year. On average, analysts anticipate that OSI Systems will post 8.03 EPS for the current year.

Insider Buying and Selling

In related news, CEO Deepak Chopra sold 20,000 shares of the company’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $129.11, for a total transaction of $2,582,200.00. Following the completion of the sale, the chief executive officer now directly owns 468,615 shares of the company’s stock, valued at approximately $60,502,882.65. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, General Counsel Victor S. Sze sold 15,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $130.21, for a total transaction of $1,953,150.00. Following the completion of the sale, the general counsel now directly owns 63,116 shares in the company, valued at $8,218,334.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Deepak Chopra sold 20,000 shares of the firm’s 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 sale, the chief executive officer now owns 468,615 shares of the company’s stock, valued at $60,502,882.65. The disclosure for this sale can be found here. In the last three months, insiders sold 50,000 shares of company stock valued at $6,503,650. Company insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On OSI Systems

Several large investors have recently modified their holdings of the stock. Parkside Financial Bank & Trust lifted its position in shares of OSI Systems by 27.1% during the third quarter. Parkside Financial Bank & Trust now owns 422 shares of the technology company’s stock worth $50,000 after purchasing an additional 90 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of OSI Systems by 4.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,896 shares of the technology company’s stock worth $503,000 after purchasing an additional 178 shares during the last quarter. Global Retirement Partners LLC lifted its position in shares of OSI Systems by 1,021.1% during the first quarter. Global Retirement Partners LLC now owns 213 shares of the technology company’s stock worth $30,000 after purchasing an additional 194 shares during the last quarter. Bridge City Capital LLC lifted its position in shares of OSI Systems by 0.8% during the first quarter. Bridge City Capital LLC now owns 24,618 shares of the technology company’s stock worth $3,516,000 after purchasing an additional 194 shares during the last quarter. Finally, West Paces Advisors Inc. bought a new position in shares of OSI Systems during the first quarter worth about $28,000. Institutional investors own 89.21% of the company’s stock.

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.