StockNews.com lowered shares of OSI Systems (NASDAQ:OSIS - Free Report) from a hold rating to a sell rating in a research report report published on Monday.
Other analysts have also recently issued reports about the stock. Oppenheimer increased their price target on shares of OSI Systems from $205.00 to $225.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. Wells Fargo & Company increased their price objective on shares of OSI Systems from $172.00 to $202.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. B. Riley increased their price objective on shares of OSI Systems from $180.00 to $221.00 and gave the company a "buy" rating in a report on Friday, January 24th. Finally, Roth Mkm increased their price objective on shares of OSI Systems from $178.00 to $224.00 and gave the company a "buy" rating in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $212.00.
Check Out Our Latest Report on OSI Systems
OSI Systems Price Performance
NASDAQ OSIS traded down $12.10 on Monday, reaching $202.27. The company's stock had a trading volume of 267,063 shares, compared to its average volume of 215,386. 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 cap of $3.40 billion, a PE ratio of 26.03, a price-to-earnings-growth ratio of 1.85 and a beta of 1.19. OSI Systems has a 52 week low of $126.57 and a 52 week high of $220.00. The business has a 50-day moving average price of $183.86 and a 200 day moving average price of $161.79.
OSI Systems (NASDAQ:OSIS - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 EPS for the quarter, beating the consensus estimate of $2.34 by $0.08. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. Sell-side analysts expect that OSI Systems will post 9.22 EPS for the current year.
Insider Activity at OSI Systems
In other OSI Systems news, insider Manoocher M. Aliabadi sold 2,509 shares of the firm's stock in a transaction on Friday, December 13th. The shares were sold at an average price of $180.02, for a total value of $451,670.18. Following the completion of the sale, the insider now directly owns 78,094 shares in the company, valued at approximately $14,058,481.88. This trade represents a 3.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Deepak Chopra sold 20,000 shares of the firm's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $187.66, for a total transaction of $3,753,200.00. Following the completion of the sale, the chief executive officer now owns 404,323 shares of the company's stock, valued at $75,875,254.18. The trade was a 4.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,447 shares of company stock valued at $5,519,962 in the last quarter. Insiders own 5.20% of the company's stock.
Institutional Investors Weigh In On OSI Systems
A number of large investors have recently bought and sold shares of OSIS. Aster Capital Management DIFC Ltd bought a new position in shares of OSI Systems in the fourth quarter valued at $25,000. Richardson Financial Services Inc. lifted its stake in shares of OSI Systems by 65.6% in the fourth quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company's stock valued at $26,000 after buying an additional 61 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of OSI Systems by 243.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company's stock valued at $46,000 after buying an additional 195 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of OSI Systems by 15,075.0% in the third 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. Finally, CIBC Private Wealth Group LLC lifted its stake in shares of OSI Systems by 241.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 683 shares of the technology company's stock valued at $108,000 after buying an additional 483 shares in the last quarter. 89.21% of the stock is currently owned by institutional investors and hedge funds.
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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