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

OSI Systems (NASDAQ:OSIS – Get Rating) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Friday.

Separately, B. Riley boosted their price objective on shares of OSI Systems from $120.00 to $137.00 in a research report on Friday, April 28th.

OSI Systems Price Performance

Shares of OSIS opened at $119.11 on Friday. OSI Systems has a 1-year low of $69.31 and a 1-year high of $121.04. The stock has a market cap of $1.99 billion, a PE ratio of 24.71, a P/E/G ratio of 1.76 and a beta of 0.94. The firm has a 50-day simple moving average of $103.29 and a two-hundred day simple moving average of $93.01. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.41 and a quick ratio of 0.74.

OSI Systems (NASDAQ:OSIS – Get Rating) last issued its quarterly earnings results on Thursday, April 27th. The technology company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.02. OSI Systems had a net margin of 6.91% and a return on equity of 14.73%. The company had revenue of $302.89 million during the quarter, compared to the consensus estimate of $302.92 million. During the same quarter in the previous year, the firm earned $1.43 earnings per share. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. As a group, analysts forecast that OSI Systems will post 6.1 EPS for the current year.

Insider Buying and Selling

In other OSI Systems news, General Counsel Victor S. Sze sold 20,000 shares of the company’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $117.70, for a total value of $2,354,000.00. Following the transaction, the general counsel now directly owns 76,950 shares in the company, valued at approximately $9,057,015. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, General Counsel Victor S. Sze sold 20,000 shares of the stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $117.70, for a total transaction of $2,354,000.00. Following the completion of the sale, the general counsel now owns 76,950 shares of the company’s stock, valued at approximately $9,057,015. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Manoocher M. Aliabadi sold 2,000 shares of the stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of $91.46, for a total transaction of $182,920.00. Following the sale, the insider now directly owns 83,349 shares of the company’s stock, valued at approximately $7,623,099.54. The disclosure for this sale can be found here. Insiders have sold 22,565 shares of company stock worth $2,603,810 in the last three months. Corporate insiders own 6.20% of the company’s stock.

Hedge Funds Weigh In On OSI Systems

Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its stake in OSI Systems by 1.1% during the third quarter. BlackRock Inc. now owns 3,286,557 shares of the technology company’s stock worth $236,829,000 after purchasing an additional 35,807 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of OSI Systems by 1.0% during the first quarter. Vanguard Group Inc. now owns 1,877,057 shares of the technology company’s stock valued at $159,776,000 after purchasing an additional 19,393 shares during the period. Dimensional Fund Advisors LP raised its position in shares of OSI Systems by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 809,069 shares of the technology company’s stock worth $68,868,000 after buying an additional 5,950 shares in the last quarter. State Street Corp lifted its stake in shares of OSI Systems by 1.5% in the 3rd quarter. State Street Corp now owns 662,414 shares of the technology company’s stock worth $47,734,000 after acquiring an additional 9,875 shares during the period. Finally, Credit Suisse AG raised its stake in shares of OSI Systems by 1.0% in the 4th quarter. Credit Suisse AG now owns 508,969 shares of the technology company’s stock worth $40,473,000 after buying an additional 5,268 shares in the last quarter. 89.01% of the stock is currently owned by hedge funds and other institutional investors.

About OSI Systems

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OSI Systems, Inc designs and manufactures specialized electronic systems and components for critical applications. The firm operates through the following segments: Security, Healthcare, and Optoelectronics and Manufacturing. The Security segment provides security inspection systems and related services, and turnkey security screening solutions.