OSI Systems (NASDAQ:OSIS - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "sell" rating to a "hold" rating in a research report issued on Tuesday.
Several other research analysts also recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of OSI Systems from $170.00 to $172.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 29th. B. Riley increased their target price on OSI Systems from $165.00 to $180.00 and gave the company a "buy" rating in a report on Friday, August 23rd. Roth Mkm raised their target price on OSI Systems from $172.00 to $178.00 and gave the stock a "buy" rating in a research report on Friday, August 23rd. Finally, Bank of America assumed coverage on OSI Systems in a research report on Monday, September 30th. They set a "buy" rating and a $175.00 price target on the stock. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $173.00.
View Our Latest Stock Report on OSIS
OSI Systems Price Performance
Shares of NASDAQ:OSIS traded up $1.00 on Tuesday, reaching $184.00. 190,718 shares of the company traded hands, compared to its average volume of 132,951. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.84 and a quick ratio of 1.20. The stock has a market capitalization of $3.07 billion, a PE ratio of 24.02, a P/E/G ratio of 1.55 and a beta of 1.18. The company's 50 day moving average is $153.02 and its 200-day moving average is $146.03. OSI Systems has a fifty-two week low of $120.42 and a fifty-two week high of $184.43.
OSI Systems (NASDAQ:OSIS - Get Free Report) last announced its earnings results on Thursday, October 24th. The technology company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.06 by $0.19. The business had revenue of $344.01 million during the quarter, compared to the consensus estimate of $318.66 million. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. OSI Systems's revenue was up 23.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.91 earnings per share. As a group, analysts anticipate that OSI Systems will post 9.13 earnings per share for the current fiscal year.
Insider Activity
In related news, insider Manoocher M. Aliabadi sold 1,728 shares of the business's stock in a transaction that occurred on 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 sale, the insider now owns 80,603 shares of the company's stock, valued at approximately $14,539,975.17. The trade was a 2.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Gerald M. Chizever sold 3,000 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $138.41, for a total value of $415,230.00. Following the completion of the transaction, the director now owns 3,462 shares in the company, valued at $479,175.42. This represents a 46.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,835 shares of company stock worth $6,383,523 in the last ninety days. Corporate insiders own 5.20% of the company's stock.
Institutional Investors Weigh In On OSI Systems
Institutional investors and hedge funds have recently modified their holdings of the business. Quest Partners LLC acquired a new position in OSI Systems during the second quarter worth $40,000. Innealta Capital LLC acquired a new position in shares of OSI Systems during the 2nd quarter valued at about $82,000. International Assets Investment Management LLC raised its stake in shares of OSI Systems by 15,075.0% in the 3rd quarter. International Assets Investment Management LLC now owns 607 shares of the technology company's stock valued at $92,000 after acquiring an additional 603 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in OSI Systems in the 2nd quarter worth approximately $160,000. Finally, nVerses Capital LLC bought a new stake in OSI Systems during the third quarter worth approximately $182,000. Institutional investors and hedge funds own 89.21% of the company's stock.
About OSI Systems
(
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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.
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