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

OSI Systems (NASDAQ:OSISGet Free Report) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Thursday.

Separately, Roth Mkm lifted their price target on shares of OSI Systems from $165.00 to $169.00 and gave the company a “buy” rating in a research report on Friday, January 26th.

Get Our Latest Analysis on OSI Systems

OSI Systems Price Performance

Shares of OSIS opened at $139.81 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.80 and a current ratio of 1.43. The business’s 50-day moving average is $133.76 and its two-hundred day moving average is $124.96. OSI Systems has a fifty-two week low of $99.11 and a fifty-two week high of $144.03. The company has a market capitalization of $2.38 billion, a P/E ratio of 21.22, a P/E/G ratio of 1.59 and a beta of 0.98.

OSI Systems (NASDAQ:OSISGet Free Report) last released its earnings results on Thursday, January 25th. The technology company reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.47. OSI Systems had a net margin of 8.31% and a return on equity of 17.35%. The business had revenue of $373.20 million for the quarter, compared to analyst estimates of $364.29 million. During the same period last year, the company posted $1.19 EPS. The business’s revenue was up 26.3% on a year-over-year basis. Research analysts predict that OSI Systems will post 8.03 earnings per share for the current year.

Insider Activity at OSI Systems

In related news, General Counsel Victor S. Sze sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $131.22, for a total value of $1,968,300.00. Following the transaction, the general counsel now directly owns 78,116 shares in the company, valued at $10,250,381.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other OSI Systems news, General Counsel Victor S. Sze sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $131.22, for a total value of $1,968,300.00. Following the sale, the general counsel now owns 78,116 shares of the company’s stock, valued at $10,250,381.52. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Deepak Chopra sold 20,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 468,615 shares in the company, valued at approximately $60,502,882.65. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,000 shares of company stock worth $6,503,650. Insiders own 5.60% of the company’s stock.

Institutional Trading of OSI Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OSIS. MetLife Investment Management LLC increased its position in shares of OSI Systems by 53.6% during the first quarter. MetLife Investment Management LLC now owns 8,865 shares of the technology company’s stock worth $755,000 after acquiring an additional 3,094 shares during the period. Rhumbline Advisers increased its position in shares of OSI Systems by 2.4% during the first quarter. Rhumbline Advisers now owns 49,560 shares of the technology company’s stock worth $4,219,000 after acquiring an additional 1,157 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of OSI Systems by 12.4% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,174 shares of the technology company’s stock worth $1,206,000 after acquiring an additional 1,563 shares during the period. Dimensional Fund Advisors LP increased its position in shares of OSI Systems by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 809,069 shares of the technology company’s stock worth $68,868,000 after acquiring an additional 5,950 shares during the period. Finally, Sei Investments Co. increased its position in shares of OSI Systems by 8.1% during the first quarter. Sei Investments Co. now owns 5,487 shares of the technology company’s stock worth $460,000 after acquiring an additional 409 shares during the period. Hedge funds and other institutional investors own 89.21% of the company’s stock.

OSI Systems Company Profile

(Get Free Report)

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.

Further Reading

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