OSI Systems (NASDAQ:OSIS) Upgraded to "Hold" at StockNews.com

StockNews.com upgraded shares of OSI Systems (NASDAQ:OSIS - Free Report) from a sell rating to a hold rating in a report issued on Saturday morning.

OSIS has been the topic of a number of other research reports. Roth Mkm increased their price objective on shares of OSI Systems from $172.00 to $178.00 and gave the stock a "buy" rating in a research report on Friday, August 23rd. B. Riley increased their price objective on shares of OSI Systems from $165.00 to $180.00 and gave the company a "buy" rating in a research note on Friday, August 23rd. Wells Fargo & Company increased their price target on shares of OSI Systems from $170.00 to $172.00 and gave the company an "overweight" rating in a research report on Tuesday, October 29th. Finally, Bank of America initiated coverage on OSI Systems in a report on Monday, September 30th. They set a "buy" rating and a $175.00 price objective for the company. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, OSI Systems has an average rating of "Moderate Buy" and an average price target of $173.00.

OSI Systems Trading Up 1.7 %

NASDAQ:OSIS traded up $2.89 during trading hours on Friday, hitting $177.40. 186,193 shares of the company were exchanged, compared to its average volume of 128,981. OSI Systems has a one year low of $120.42 and a one year high of $177.56. The company has a current ratio of 1.84, a quick ratio of 1.20 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of 23.16, a price-to-earnings-growth ratio of 1.51 and a beta of 1.10. The company has a fifty day simple moving average of $148.92 and a 200 day simple moving average of $144.28.

OSI Systems (NASDAQ:OSIS - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The technology company reported $1.25 EPS for the quarter, beating analysts' consensus estimates of $1.06 by $0.19. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. The business had revenue of $344.01 million for the quarter, compared to analysts' expectations of $318.66 million. During the same quarter in the prior year, the firm posted $0.91 earnings per share. The business's quarterly revenue was up 23.2% compared to the same quarter last year. Sell-side analysts expect that OSI Systems will post 9.12 EPS for the current fiscal year.

Insider Activity

In other news, CEO Deepak Chopra sold 15,000 shares of the company's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $153.42, for a total value of $2,301,300.00. Following the completion of the transaction, the chief executive officer now directly owns 424,323 shares in the company, valued at approximately $65,099,634.66. This represents a 3.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul Keith Morben sold 1,107 shares of the company's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $145.04, for a total value of $160,559.28. Following the completion of the sale, the insider now directly owns 10,077 shares of the company's stock, valued at approximately $1,461,568.08. This represents a 9.90 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,107 shares of company stock worth $6,071,809. 5.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On OSI Systems

A number of large investors have recently added to or reduced their stakes in the business. Quest Partners LLC bought a new position in shares of OSI Systems in the second quarter worth approximately $40,000. Innealta Capital LLC purchased a new position in shares of OSI Systems in the 2nd quarter valued at approximately $82,000. International Assets Investment Management LLC boosted its holdings in shares of OSI Systems by 15,075.0% during the 3rd quarter. International Assets Investment Management LLC now owns 607 shares of the technology company's stock valued at $92,000 after buying an additional 603 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in OSI Systems during the second quarter worth about $160,000. Finally, nVerses Capital LLC purchased a new stake in shares of OSI Systems in the 3rd quarter worth approximately $182,000. Hedge funds and other 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.