OSI Systems, Inc. (OSIS) Lowered to “Hold” at Zacks Investment Research
OSI Systems, Inc. (NASDAQ:OSIS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.
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. “
OSIS has been the topic of a number of other research reports. Sidoti assumed coverage on OSI Systems in a report on Wednesday, May 24th. They set a “buy” rating and a $99.00 price objective on the stock. B. Riley reaffirmed a “buy” rating and issued a $92.00 price target (up previously from $87.00) on shares of OSI Systems in a report on Tuesday, August 22nd. Jefferies Group LLC reaffirmed a “buy” rating on shares of OSI Systems in a report on Thursday, June 1st. BidaskClub raised OSI Systems from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $97.00 price target on shares of OSI Systems in a report on Tuesday, August 29th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. OSI Systems presently has a consensus rating of “Buy” and a consensus price target of $91.14.
Shares of OSI Systems (NASDAQ:OSIS) traded up 1.54% on Thursday, hitting $84.27. The company had a trading volume of 168,467 shares. OSI Systems has a 1-year low of $63.43 and a 1-year high of $86.14. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 78.76 and a beta of 0.75. The company has a 50 day moving average price of $81.20 and a 200 day moving average price of $76.85.
OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings data on Thursday, August 24th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.09. The business had revenue of $252.40 million for the quarter, compared to analysts’ expectations of $253.58 million. OSI Systems had a return on equity of 10.57% and a net margin of 2.19%. The firm’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.55 EPS. On average, equities analysts forecast that OSI Systems will post $3.46 earnings per share for the current fiscal year.
Several large investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in shares of OSI Systems by 51,732.1% in the 1st quarter. BlackRock Inc. now owns 2,248,475 shares of the technology company’s stock valued at $164,115,000 after acquiring an additional 2,244,137 shares in the last quarter. Vanguard Group Inc. increased its position in shares of OSI Systems by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 1,631,054 shares of the technology company’s stock valued at $122,574,000 after purchasing an additional 24,385 shares during the last quarter. Janus Henderson Group PLC bought a new position in shares of OSI Systems during the 2nd quarter valued at about $108,791,000. Dimensional Fund Advisors LP increased its position in shares of OSI Systems by 3.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,069,392 shares of the technology company’s stock valued at $78,055,000 after purchasing an additional 37,133 shares during the last quarter. Finally, Earnest Partners LLC increased its position in shares of OSI Systems by 1.6% during the 2nd quarter. Earnest Partners LLC now owns 966,833 shares of the technology company’s stock valued at $72,657,000 after purchasing an additional 15,222 shares during the last quarter.
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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