OSI Systems Inc. (OSIS) Given Average Recommendation of “Buy” by Brokerages
OSI Systems Inc. (NASDAQ:OSIS) has been given an average rating of “Buy” by the seven ratings firms that are currently covering the firm. Seven investment analysts have rated the stock with a buy recommendation. The average 12 month price objective among analysts that have covered the stock in the last year is $69.40.
Several research firms have weighed in on OSIS. B. Riley reiterated a “buy” rating and issued a $66.50 price objective on shares of OSI Systems in a research note on Monday, August 22nd. Benchmark Co. reiterated a “buy” rating and issued a $75.00 price objective on shares of OSI Systems in a research note on Monday, October 3rd. Zacks Investment Research upgraded shares of OSI Systems from a “strong sell” rating to a “buy” rating and set a $62.00 price objective on the stock in a research note on Wednesday, June 29th. Finally, Roth Capital reiterated a “buy” rating on shares of OSI Systems in a research note on Sunday, June 26th.
OSI Systems (NASDAQ:OSIS) traded up 0.19% during midday trading on Wednesday, reaching $67.11. 39,752 shares of the company traded hands. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 51.62 and a beta of 1.18. The firm has a 50 day moving average of $66.15 and a 200-day moving average of $59.61. OSI Systems has a 12 month low of $48.19 and a 12 month high of $96.75.
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OSI Systems (NASDAQ:OSIS) last released its quarterly earnings data on Tuesday, August 16th. The company reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The firm had revenue of $221.47 million for the quarter, compared to analyst estimates of $232.32 million. OSI Systems had a net margin of 3.15% and a return on equity of 7.69%. The company’s revenue for the quarter was down 16.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.22 EPS. Analysts forecast that OSI Systems will post $2.64 EPS for the current fiscal year.
In related news, Director Steven C. Good sold 3,000 shares of the company’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $63.35, for a total transaction of $190,050.00. Following the completion of the sale, the director now directly owns 23,725 shares of the company’s stock, valued at approximately $1,502,978.75. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 7.70% of the company’s stock.
Several hedge funds have recently bought and sold shares of OSIS. DekaBank Deutsche Girozentrale increased its stake in OSI Systems by 100.0% in the second quarter. DekaBank Deutsche Girozentrale now owns 2,000 shares of the company’s stock valued at $112,000 after buying an additional 1,000 shares in the last quarter. Teacher Retirement System of Texas increased its stake in OSI Systems by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 2,629 shares of the company’s stock valued at $153,000 after buying an additional 321 shares in the last quarter. Mizuho Asset Management Co. Ltd. purchased a new stake in OSI Systems during the second quarter valued at about $187,000. Mason Street Advisors LLC purchased a new stake in OSI Systems during the second quarter valued at about $200,000. Finally, Hsbc Holdings PLC purchased a new stake in OSI Systems during the second quarter valued at about $205,000. 93.44% of the stock is owned by institutional investors and hedge funds.
About OSI Systems
OSI Systems, Inc 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. The Company has three operating divisions: Security, Healthcare, and Optoelectronics and Manufacturing.
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