OSI Systems (NASDAQ:OSIS – Get Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.
Several other analysts have also recently issued reports on the company. Zacks Investment Research cut OSI Systems from a “hold” rating to a “sell” rating in a research report on Thursday, March 31st. TheStreet cut OSI Systems from a “b” rating to a “c+” rating in a research report on Monday, January 31st. One analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $121.40.
NASDAQ:OSIS traded up $2.22 during midday trading on Friday, hitting $79.10. The stock had a trading volume of 125,272 shares, compared to its average volume of 98,594. OSI Systems has a one year low of $76.09 and a one year high of $102.24. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 17.35, a PEG ratio of 1.27 and a beta of 0.75. The stock has a 50-day moving average of $81.69 and a 200 day moving average of $87.38.
OSI Systems (NASDAQ:OSIS – Get Rating) last announced its earnings results on Thursday, April 28th. The technology company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.04. The business had revenue of $290.48 million for the quarter, compared to analysts’ expectations of $287.76 million. OSI Systems had a return on equity of 15.72% and a net margin of 7.13%. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.38 EPS. As a group, research analysts predict that OSI Systems will post 5.79 EPS for the current year.
In other news, General Counsel Victor S. Sze sold 11,402 shares of the firm’s stock in a transaction on Monday, February 7th. The stock was sold at an average price of $80.14, for a total value of $913,756.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Deepak Chopra sold 5,000 shares of the firm’s stock in a transaction on Tuesday, February 1st. The stock was sold at an average price of $82.26, for a total value of $411,300.00. The disclosure for this sale can be found here. 5.70% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the stock. Moors & Cabot Inc. purchased a new position in OSI Systems in the 3rd quarter worth $26,000. Marshall Wace North America L.P. purchased a new position in OSI Systems in the 1st quarter worth $35,000. Covestor Ltd purchased a new position in OSI Systems in the 4th quarter worth $43,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in OSI Systems by 32.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,295 shares of the technology company’s stock worth $214,000 after acquiring an additional 561 shares during the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new position in OSI Systems in the 3rd quarter worth $218,000. Institutional investors own 94.14% of the company’s stock.
About OSI Systems
OSI Systems, Inc designs, manufactures, and sells electronic systems and components worldwide. It operates through three segments: Security, Healthcare, and Optoelectronics and Manufacturing. The Security segment offers baggage and parcel inspection, cargo and vehicle inspection, radiation detection, hold baggage and people screening, and explosive and narcotics trace detection systems under the Rapiscan Systems and AS&E names.