OSI Systems (NASDAQ:OSIS) Downgraded by StockNews.com to Sell

OSI Systems (NASDAQ:OSIS - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Wednesday.

Several other equities analysts have also issued reports on the company. Roth Mkm lifted their price target on OSI Systems from $178.00 to $224.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. B. Riley upped their price objective on OSI Systems from $180.00 to $221.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Oppenheimer increased their target price on OSI Systems from $205.00 to $225.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. JPMorgan Chase & Co. began coverage on OSI Systems in a research note on Friday, February 21st. They issued a "neutral" rating and a $225.00 price target for the company. Finally, Wells Fargo & Company increased their price objective on OSI Systems from $172.00 to $202.00 and gave the company an "overweight" rating in a research report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $212.00.

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OSI Systems Stock Up 1.9 %

OSIS traded up $3.83 on Wednesday, hitting $206.21. The company had a trading volume of 269,365 shares, compared to its average volume of 208,307. The stock has a fifty day simple moving average of $186.62 and a 200-day simple moving average of $164.66. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.88 and a quick ratio of 1.25. The firm has a market capitalization of $3.46 billion, a P/E ratio of 26.54, a P/E/G ratio of 1.81 and a beta of 1.19. OSI Systems has a 52-week low of $126.57 and a 52-week high of $220.00.

OSI Systems (NASDAQ:OSIS - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.08. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. As a group, equities analysts expect that OSI Systems will post 9.22 EPS for the current fiscal year.

Insider Activity

In other OSI Systems news, insider Paul Keith Morben sold 155 shares of the stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $199.36, for a total value of $30,900.80. Following the transaction, the insider now owns 10,077 shares of the company's stock, valued at approximately $2,008,950.72. This represents a 1.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Manoocher M. Aliabadi sold 1,728 shares of the firm's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $180.39, for a total value of $311,713.92. Following the completion of the transaction, the insider now directly owns 80,603 shares in the company, valued at $14,539,975.17. The trade was a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,447 shares of company stock valued at $5,519,962 in the last ninety days. 5.20% of the stock is currently owned by company insiders.

Institutional Trading of OSI Systems

Several large investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC boosted its stake in shares of OSI Systems by 1.8% during the 4th quarter. Janus Henderson Group PLC now owns 1,230,805 shares of the technology company's stock worth $206,072,000 after acquiring an additional 21,637 shares during the last quarter. FMR LLC raised its holdings in OSI Systems by 31.6% in the 4th quarter. FMR LLC now owns 847,907 shares of the technology company's stock worth $141,965,000 after purchasing an additional 203,511 shares during the period. State Street Corp lifted its position in OSI Systems by 0.9% during the third quarter. State Street Corp now owns 727,690 shares of the technology company's stock valued at $110,485,000 after purchasing an additional 6,514 shares in the last quarter. Capital International Investors bought a new stake in OSI Systems during the fourth quarter valued at about $97,258,000. Finally, Geode Capital Management LLC increased its position in OSI Systems by 1.5% in the third quarter. Geode Capital Management LLC now owns 380,092 shares of the technology company's stock worth $57,720,000 after buying an additional 5,718 shares in the last quarter. 89.21% of the stock is currently owned by institutional investors.

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.