Shares of OSI Systems, Inc. (NASDAQ:OSIS) have received a consensus recommendation of “Hold” from the seven brokerages that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $88.75.
Several analysts recently weighed in on the company. BidaskClub upgraded OSI Systems from a “strong sell” rating to a “sell” rating in a research report on Thursday, February 8th. Zacks Investment Research upgraded OSI Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, February 6th. Roth Capital dropped their price objective on OSI Systems from $106.00 to $78.00 and set a “buy” rating for the company in a research report on Friday, February 2nd. Jefferies Group downgraded OSI Systems from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $79.00 to $70.00 in a research report on Friday, February 2nd. They noted that the move was a valuation call. Finally, B. Riley restated a “buy” rating and set a $108.00 price objective on shares of OSI Systems in a research report on Thursday, January 25th.
Shares of OSI Systems (NASDAQ:OSIS) traded up $1.12 during mid-day trading on Friday, hitting $63.08. The company had a trading volume of 596,500 shares, compared to its average volume of 493,917. The company has a current ratio of 1.55, a quick ratio of 0.96 and a debt-to-equity ratio of 0.46. OSI Systems has a twelve month low of $50.50 and a twelve month high of $96.64. The company has a market cap of $1,199.75, a P/E ratio of -54.85, a P/E/G ratio of 1.34 and a beta of 0.88.
OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings data on Thursday, February 1st. The technology company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.08. OSI Systems had a positive return on equity of 12.78% and a negative net margin of 2.06%. The business had revenue of $277.53 million during the quarter, compared to the consensus estimate of $263.77 million. During the same period in the prior year, the company earned $0.68 EPS. OSI Systems’s revenue for the quarter was up 14.4% on a year-over-year basis. analysts anticipate that OSI Systems will post 3.5 EPS for the current year.
In other news, Director Meyer/ Luskin bought 20,000 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was purchased at an average cost of $56.79 per share, for a total transaction of $1,135,800.00. Following the completion of the transaction, the director now owns 10,376 shares of the company’s stock, valued at $589,253.04. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 7.60% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of the business. Nationwide Fund Advisors raised its position in OSI Systems by 0.6% in the second quarter. Nationwide Fund Advisors now owns 12,294 shares of the technology company’s stock valued at $924,000 after purchasing an additional 74 shares during the last quarter. Advisor Group Inc. raised its position in OSI Systems by 6.9% in the second quarter. Advisor Group Inc. now owns 1,602 shares of the technology company’s stock valued at $121,000 after purchasing an additional 104 shares during the last quarter. Stifel Financial Corp raised its position in OSI Systems by 3.7% in the second quarter. Stifel Financial Corp now owns 3,767 shares of the technology company’s stock valued at $283,000 after purchasing an additional 136 shares during the last quarter. Rhumbline Advisers raised its position in OSI Systems by 1.6% in the third quarter. Rhumbline Advisers now owns 36,312 shares of the technology company’s stock valued at $3,318,000 after purchasing an additional 560 shares during the last quarter. Finally, Cortina Asset Management LLC raised its position in OSI Systems by 0.9% in the third quarter. Cortina Asset Management LLC now owns 79,372 shares of the technology company’s stock valued at $7,252,000 after purchasing an additional 690 shares during the last quarter. Hedge funds and other institutional investors own 97.53% of the company’s stock.
About OSI Systems
OSI Systems, Inc, through its subsidiaries, is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications. The Company sells its products and provides related services in diversified markets, including homeland security, healthcare, defense and aerospace.
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