OSI Systems (NASDAQ:OSIS) Stock Rating Lowered by StockNews.com

OSI Systems (NASDAQ:OSIS – Get Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

OSIS has been the topic of a number of other reports. TheStreet downgraded OSI Systems from a “b” rating to a “c+” rating in a research note on Monday, January 31st. Zacks Investment Research downgraded OSI Systems from a “hold” rating to a “sell” rating in a research note on Thursday, March 31st. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, OSI Systems currently has a consensus rating of “Buy” and a consensus price target of $121.40.

NASDAQ OSIS opened at $80.30 on Monday. The business’s 50-day moving average price is $81.63 and its two-hundred day moving average price is $85.80. OSI Systems has a 12 month low of $76.09 and a 12 month high of $102.24. The firm has a market capitalization of $1.37 billion, a PE ratio of 13.52, a price-to-earnings-growth ratio of 1.27 and a beta of 0.75. The company has a current ratio of 1.17, a quick ratio of 0.64 and a debt-to-equity ratio of 0.08.

OSI Systems (NASDAQ:OSIS – Get Rating) last released its quarterly earnings results on Thursday, April 28th. The technology company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.05. The firm had revenue of $290.48 million for the quarter, compared to analyst estimates of $287.76 million. OSI Systems had a return on equity of 15.74% and a net margin of 9.12%. The business’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.38 EPS. As a group, analysts forecast that OSI Systems will post 5.81 earnings per share for the current fiscal year.

In other OSI Systems news, General Counsel Victor S. Sze sold 4,786 shares of the business’s stock in a transaction that occurred on Monday, May 9th. The stock was sold at an average price of $80.17, for a total transaction of $383,693.62. Following the completion of the sale, the general counsel now directly owns 84,812 shares of the company’s stock, valued at approximately $6,799,378.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Victor S. Sze sold 9,634 shares of the business’s stock in a transaction that occurred on Friday, May 13th. The stock was sold at an average price of $80.78, for a total value of $778,234.52. Following the sale, the general counsel now directly owns 74,598 shares of the company’s stock, valued at $6,026,026.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,420 shares of company stock worth $1,565,228. 5.70% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of OSIS. Marshall Wace North America L.P. bought a new stake in OSI Systems during the 1st quarter worth approximately $35,000. Teacher Retirement System of Texas grew its holdings in shares of OSI Systems by 21.4% in the third quarter. Teacher Retirement System of Texas now owns 2,746 shares of the technology company’s stock valued at $260,000 after acquiring an additional 484 shares in the last quarter. Allianz Asset Management GmbH grew its holdings in shares of OSI Systems by 66.6% in the third quarter. Allianz Asset Management GmbH now owns 29,012 shares of the technology company’s stock valued at $2,750,000 after acquiring an additional 11,596 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of OSI Systems by 7.5% in the third quarter. American Century Companies Inc. now owns 10,061 shares of the technology company’s stock valued at $954,000 after acquiring an additional 704 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC bought a new position in shares of OSI Systems in the third quarter valued at approximately $1,384,000. 93.99% of the stock is owned by hedge funds and other institutional investors.

About OSI Systems (Get Rating)

OSI Systems, Inc designs, manufactures, and sells electronic systems and components worldwide. It operates through three segments: Security, Healthcare, and Optoelectronics and Manufacturing. The Security segment offers baggage and parcel inspection, cargo and vehicle inspection, radiation detection, hold baggage and people screening, and explosive and narcotics trace detection systems under the Rapiscan Systems and AS&E names.

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