OSI Systems, Inc. (NASDAQ:OSIS) Given Average Rating of “Buy” by Analysts
Shares of OSI Systems, Inc. (NASDAQ:OSIS) have earned a consensus rating of “Buy” from the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $87.75.
Several research analysts have recently weighed in on OSIS shares. Sidoti started coverage on shares of OSI Systems in a report on Wednesday, May 24th. They issued a “buy” rating and a $99.00 price target on the stock. B. Riley reaffirmed a “buy” rating and issued a $87.00 price target on shares of OSI Systems in a report on Saturday, April 29th. Jefferies Group LLC set a $85.00 price target on shares of OSI Systems and gave the stock a “buy” rating in a report on Wednesday, April 26th. Finally, Zacks Investment Research raised shares of OSI Systems from a “hold” rating to a “buy” rating and set a $81.00 price target on the stock in a report on Wednesday, April 26th.
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Hedge funds and other institutional investors 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 worth approximately $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 worth $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 worth $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 worth $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 worth $216,000 after buying an additional 68 shares in the last quarter. 96.24% of the stock is currently owned by institutional investors and hedge funds.
OSI Systems (OSIS) opened at 75.06 on Friday. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 57.78 and a beta of 0.78. OSI Systems has a 52 week low of $55.76 and a 52 week high of $82.26. The stock has a 50 day moving average price of $77.24 and a 200 day moving average price of $75.08.
OSI Systems (NASDAQ:OSIS) last released its quarterly earnings results on Wednesday, April 26th. The technology company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.05. The firm had revenue of $245.15 million for the quarter, compared to analysts’ expectations of $244.35 million. OSI Systems had a net margin of 2.73% and a return on equity of 9.04%. The business’s quarterly revenue was up 16.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.64 earnings per share. On average, equities analysts forecast that OSI Systems will post $2.90 earnings per share for the current year.
About OSI Systems
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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