OSI Systems (NASDAQ:OSIS) Downgraded to Hold at StockNews.com

StockNews.com lowered shares of OSI Systems (NASDAQ:OSIS) from a buy rating to a hold rating in a research report report published on Wednesday.

Separately, Roth Mkm raised their price target on shares of OSI Systems from $165.00 to $169.00 and gave the stock a buy rating in a research report on Friday, January 26th.

OSI Systems Price Performance

OSIS stock opened at $142.82 on Wednesday. OSI Systems has a 52 week low of $99.11 and a 52 week high of $144.03. The firm has a market capitalization of $2.43 billion, a P/E ratio of 21.67, a price-to-earnings-growth ratio of 1.60 and a beta of 0.97. The company has a quick ratio of 0.80, a current ratio of 1.43 and a debt-to-equity ratio of 0.17. The company has a fifty day simple moving average of $133.19 and a two-hundred day simple moving average of $124.52.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings results on Thursday, January 25th. The technology company reported $2.21 EPS for the quarter, topping the consensus estimate of $1.74 by $0.47. The company had revenue of $373.20 million for the quarter, compared to the consensus estimate of $364.29 million. OSI Systems had a net margin of 8.31% and a return on equity of 17.35%. The firm’s revenue was up 26.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.19 EPS. Analysts anticipate that OSI Systems will post 8.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In other OSI Systems news, CEO Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $129.11, for a total transaction of $2,582,200.00. Following the transaction, the chief executive officer now directly owns 468,615 shares of the company’s stock, valued at approximately $60,502,882.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $129.11, for a total value of $2,582,200.00. Following the sale, the chief executive officer now owns 468,615 shares of the company’s stock, valued at $60,502,882.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Victor S. Sze sold 15,000 shares of OSI Systems stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $130.21, for a total transaction of $1,953,150.00. Following the completion of the sale, the general counsel now directly owns 63,116 shares in the company, valued at approximately $8,218,334.36. The disclosure for this sale can be found here. Insiders have sold 50,000 shares of company stock worth $6,503,650 in the last ninety days. 5.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On OSI Systems

A number of institutional investors have recently modified their holdings of OSIS. Envestnet Asset Management Inc. raised its position in shares of OSI Systems by 7,525.3% in the first quarter. Envestnet Asset Management Inc. now owns 449,281 shares of the technology company’s stock valued at $332,000 after buying an additional 443,389 shares during the last quarter. Norges Bank purchased a new stake in OSI Systems in the fourth quarter valued at approximately $14,044,000. Thematics Asset Management purchased a new stake in OSI Systems in the second quarter valued at approximately $14,375,000. Intrinsic Edge Capital Management LLC purchased a new stake in OSI Systems in the second quarter valued at approximately $13,461,000. Finally, Vanguard Group Inc. grew its holdings in OSI Systems by 5.4% in the fourth quarter. Vanguard Group Inc. now owns 2,097,875 shares of the technology company’s stock valued at $270,731,000 after purchasing an additional 107,383 shares during the period. Institutional investors and hedge funds own 89.21% of the company’s stock.

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.