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

StockNews.com upgraded shares of OSI Systems (NASDAQ:OSIS - Free Report) from a sell rating to a hold rating in a research report sent to investors on Wednesday.

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

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OSI Systems Stock Performance

OSIS traded down $3.65 on Wednesday, hitting $193.78. 337,321 shares of the stock traded hands, compared to its average volume of 170,605. The business has a fifty day moving average price of $192.85 and a two-hundred day moving average price of $169.20. The company has a current ratio of 1.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $3.26 billion, a PE ratio of 24.94, a P/E/G ratio of 1.81 and a beta of 1.20. 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 issued its earnings results on Thursday, January 23rd. The technology company reported $2.42 EPS for the quarter, beating analysts' consensus estimates of $2.34 by $0.08. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. On average, research analysts predict that OSI Systems will post 9.22 EPS for the current fiscal year.

Insider Buying and Selling

In other OSI Systems news, insider Paul Keith Morben sold 155 shares of the stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $199.36, for a total transaction of $30,900.80. Following the sale, the insider now owns 10,077 shares of the company's stock, valued at $2,008,950.72. This represents a 1.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gerald M. Chizever sold 2,701 shares of the firm's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $195.83, for a total transaction of $528,936.83. Following the completion of the sale, the director now owns 5,000 shares of the company's stock, valued at $979,150. The trade was a 35.07 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Aster Capital Management DIFC Ltd acquired a new stake in shares of OSI Systems in the 4th quarter valued at $25,000. Richardson Financial Services Inc. increased its position in OSI Systems by 65.6% in the fourth quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company's stock worth $26,000 after purchasing an additional 61 shares during the period. Smartleaf Asset Management LLC increased its position in OSI Systems by 243.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company's stock worth $46,000 after purchasing an additional 195 shares during the period. CIBC Private Wealth Group LLC raised its holdings in OSI Systems by 241.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 683 shares of the technology company's stock worth $108,000 after purchasing an additional 483 shares during the last quarter. Finally, KBC Group NV lifted its position in OSI Systems by 37.1% during the 4th quarter. KBC Group NV now owns 699 shares of the technology company's stock valued at $117,000 after purchasing an additional 189 shares during the period. Institutional investors and hedge funds own 89.21% of the company's stock.

About OSI Systems

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.