Zacks Investment Research Lowers OSI Systems Inc. (OSIS) to Hold
OSI Systems Inc. (NASDAQ:OSIS) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday.
According to Zacks, “OSI Systems, Inc. is a premier worldwide designer and provider of components, subsystems and end-products based on optical and electromechanical pressure sensor technologies. The Company’s product range focuses on the fiber optics and high speed telecommunications for Gigabit Ethernet and Fibre Channel, Security and Inspection and Medical Diagnostics industries, three areas of excellent growth for our products. The Company also sees continued expansion in office automation, aerospace, computer peripherals and industrial automation industries. “
A number of other equities research analysts have also commented on the company. Benchmark Co. increased their price target on OSI Systems from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, August 17th. B. Riley reaffirmed a “buy” rating and set a $72.00 target price on shares of OSI Systems in a research report on Tuesday, September 13th. Finally, Roth Capital reaffirmed a “buy” rating on shares of OSI Systems in a research report on Sunday, June 26th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $74.67.
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Shares of OSI Systems (NASDAQ:OSIS) opened at 65.86 on Wednesday. The stock has a 50 day moving average of $65.91 and a 200-day moving average of $59.66. OSI Systems has a 12 month low of $48.19 and a 12 month high of $96.75. The company has a market cap of $1.25 billion, a PE ratio of 50.66 and a beta of 1.18.
OSI Systems (NASDAQ:OSIS) last released its quarterly earnings results on Tuesday, August 16th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. The business earned $221.47 million during the quarter, compared to analyst estimates of $232.32 million. OSI Systems had a return on equity of 7.69% and a net margin of 3.15%. OSI Systems’s quarterly revenue was down 16.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.22 EPS. Equities analysts forecast that OSI Systems will post $2.64 earnings per share for the current year.
In other news, Director Steven C. Good sold 3,000 shares of the stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $63.35, for a total transaction of $190,050.00. Following the completion of the transaction, the director now owns 23,725 shares in the company, valued at approximately $1,502,978.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 7.70% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Nisa Investment Advisors L.L.C. increased its position in OSI Systems by 203.7% in the first quarter. Nisa Investment Advisors L.L.C. now owns 8,200 shares of the company’s stock valued at $537,000 after buying an additional 5,500 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new position in OSI Systems during the first quarter valued at $470,000. Teachers Advisors Inc. increased its position in OSI Systems by 1.9% in the first quarter. Teachers Advisors Inc. now owns 29,570 shares of the company’s stock valued at $1,937,000 after buying an additional 542 shares during the last quarter. Prudential Financial Inc. increased its position in OSI Systems by 1.9% in the first quarter. Prudential Financial Inc. now owns 47,609 shares of the company’s stock valued at $3,118,000 after buying an additional 900 shares during the last quarter. Finally, Credit Agricole S A increased its position in OSI Systems by 21.9% in the first quarter. Credit Agricole S A now owns 19,376 shares of the company’s stock valued at $1,269,000 after buying an additional 3,478 shares during the last quarter. Institutional investors own 93.28% of the company’s stock.
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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