OSI Systems (NASDAQ:OSIS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Thursday.

According to Zacks, “OSI Systems is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications in the homeland security, healthcare, defense and aerospace industries. The Company combines more than 40 years of electronics engineering and manufacturing experience with offices and production facilities in more than a dozen countries to implement a strategy of expansion into selective end product markets. Their Research and Development teams are focused on expanding and enhancing their product portfolios and delivering breakthrough technology solutions and are making technological advances designed to keep pace with their rapidly changing marketplace. They have three operating divisions: Security division, Healthcare division & Optoelectronics & Manufacturing division. “

OSIS has been the topic of several other research reports. BidaskClub raised shares of OSI Systems from a “strong sell” rating to a “sell” rating in a research note on Friday, December 22nd. B. Riley reissued a “buy” rating and set a $108.00 price objective on shares of OSI Systems in a research note on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $94.20.

OSI Systems (NASDAQ:OSIS) opened at $65.65 on Thursday. OSI Systems has a one year low of $53.80 and a one year high of $96.64. The firm has a market cap of $1,221.19, a P/E ratio of 41.82, a P/E/G ratio of 1.37 and a beta of 0.73. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.93 and a current ratio of 1.52.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings data on Thursday, October 26th. The technology company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.08. OSI Systems had a net margin of 3.06% and a return on equity of 11.68%. The business had revenue of $257.13 million for the quarter, compared to analyst estimates of $248.52 million. During the same quarter last year, the firm earned $0.44 EPS. OSI Systems’s quarterly revenue was up 16.8% compared to the same quarter last year. analysts forecast that OSI Systems will post 3.49 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in OSIS. Schwab Charles Investment Management Inc. lifted its stake in OSI Systems by 2.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 105,129 shares of the technology company’s stock valued at $7,901,000 after buying an additional 2,239 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in OSI Systems by 0.7% in the second quarter. Bank of New York Mellon Corp now owns 239,990 shares of the technology company’s stock valued at $18,035,000 after buying an additional 1,717 shares in the last quarter. Legal & General Group Plc lifted its stake in OSI Systems by 11.0% in the second quarter. Legal & General Group Plc now owns 35,597 shares of the technology company’s stock valued at $2,675,000 after buying an additional 3,524 shares in the last quarter. Victory Capital Management Inc. lifted its stake in OSI Systems by 17.7% in the second quarter. Victory Capital Management Inc. now owns 2,199 shares of the technology company’s stock valued at $165,000 after buying an additional 331 shares in the last quarter. Finally, Pacad Investment Ltd. bought a new position in OSI Systems in the second quarter valued at approximately $263,000.

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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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