OSI Systems, Inc. (OSIS) Now Covered by Analysts at Sidoti
Sidoti initiated coverage on shares of OSI Systems, Inc. (NASDAQ:OSIS) in a report released on Wednesday, The Fly reports. The firm set a “buy” rating on the technology company’s stock.
OSIS has been the topic of several other reports. B. Riley reaffirmed a “buy” rating and issued a $85.00 price objective on shares of OSI Systems in a report on Saturday, January 28th. Zacks Investment Research downgraded shares of OSI Systems from a “buy” rating to a “hold” rating in a report on Thursday, March 30th. Finally, Jefferies Group LLC assumed coverage on shares of OSI Systems in a report on Wednesday, April 12th. They issued a “buy” rating and a $86.00 price objective on the stock. Eight equities research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average target price of $81.00.
Shares of OSI Systems (NASDAQ:OSIS) traded up 0.67% during midday trading on Wednesday, reaching $78.12. 147,050 shares of the company traded hands. The company has a 50 day moving average price of $74.78 and a 200 day moving average price of $74.70. The company has a market capitalization of $1.46 billion, a PE ratio of 60.14 and a beta of 0.77. OSI Systems has a 1-year low of $50.35 and a 1-year high of $81.55.
OSI Systems (NASDAQ:OSIS) last released its quarterly earnings data on Wednesday, April 26th. The technology company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.80 by $0.05. The business had revenue of $245.15 million for the quarter, compared to the consensus estimate of $244.35 million. OSI Systems had a net margin of 2.32% and a return on equity of 8.41%. The business’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.64 EPS. On average, analysts expect that OSI Systems will post $2.90 earnings per share for the current year.
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Several hedge funds have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. purchased a new position in OSI Systems during the first quarter valued at about $110,000. Victory Capital Management Inc. boosted its position in OSI Systems by 138.6% in the first quarter. Victory Capital Management Inc. now owns 1,868 shares of the technology company’s stock valued at $136,000 after buying an additional 1,085 shares in the last quarter. State of Alaska Department of Revenue boosted its position in OSI Systems by 3.1% in the first quarter. State of Alaska Department of Revenue now owns 2,010 shares of the technology company’s stock valued at $146,000 after buying an additional 60 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in OSI Systems by 13.7% in the first quarter. Asset Management One Co. Ltd. now owns 2,330 shares of the technology company’s stock valued at $170,000 after buying an additional 280 shares in the last quarter. Finally, Eqis Capital Management Inc. boosted its position in OSI Systems by 2.3% in the first quarter. Eqis Capital Management Inc. now owns 2,963 shares of the technology company’s stock valued at $216,000 after buying an additional 68 shares in the last quarter. 95.42% of the stock is currently owned by institutional investors and hedge funds.
OSI Systems Company Profile
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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