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

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

Separately, Roth Mkm upped their target price on shares of OSI Systems from $169.00 to $172.00 and gave the stock a “buy” rating in a research report on Friday.

OSI Systems Price Performance

Shares of OSIS stock opened at $134.82 on Friday. OSI Systems has a 1 year low of $102.02 and a 1 year high of $144.11. The firm’s 50 day moving average is $135.68 and its 200-day moving average is $127.40. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 20.46, a PEG ratio of 1.58 and a beta of 0.98. The company has a current ratio of 1.43, a quick ratio of 0.80 and a debt-to-equity ratio of 0.17.

OSI Systems (NASDAQ:OSIS) last announced its earnings results on Thursday, April 25th. The technology company reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $401.99 million. During the same period in the prior year, the business earned $1.49 earnings per share. OSI Systems’s quarterly revenue was up 33.8% on a year-over-year basis. Sell-side analysts forecast that OSI Systems will post 8.03 EPS for the current fiscal year.

Insider Activity at OSI Systems

In related news, CEO Deepak Chopra sold 20,000 shares of the 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 transaction, the chief executive officer now directly owns 468,615 shares in the company, valued at $60,502,882.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other OSI Systems news, General Counsel Victor S. Sze sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $130.21, for a total value of $1,953,150.00. Following the completion of the sale, the general counsel now owns 63,116 shares of the company’s stock, valued at $8,218,334.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Deepak Chopra sold 20,000 shares of the company’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 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 disclosure for this sale can be found here. Insiders have sold 50,000 shares of company stock worth $6,503,650 over the last ninety days. Company insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On OSI Systems

Several large investors have recently bought and sold shares of OSIS. West Paces Advisors Inc. bought a new stake in OSI Systems in the first quarter valued at approximately $28,000. Global Retirement Partners LLC increased its stake in OSI Systems by 1,021.1% in the first quarter. Global Retirement Partners LLC now owns 213 shares of the technology company’s stock valued at $30,000 after purchasing an additional 194 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in OSI Systems by 27.1% in the third quarter. Parkside Financial Bank & Trust now owns 422 shares of the technology company’s stock valued at $50,000 after purchasing an additional 90 shares in the last quarter. Quest Partners LLC bought a new stake in OSI Systems in the fourth quarter valued at approximately $53,000. Finally, International Assets Investment Management LLC increased its stake in OSI Systems by 3,585.7% in the fourth quarter. International Assets Investment Management LLC now owns 516 shares of the technology company’s stock valued at $67,000 after purchasing an additional 502 shares in the last quarter. 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.