OSI Systems (OSIS) Raised to Sell at BidaskClub

OSI Systems (NASDAQ:OSIS) was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report released on Thursday.

Several other equities research analysts also recently commented on the stock. Zacks Investment Research upgraded shares of OSI Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, February 6th. Roth Capital reduced their price target on shares of OSI Systems from $106.00 to $78.00 and set a “buy” rating on the stock in a research report on Friday, February 2nd. Jefferies Group downgraded shares of OSI Systems from a “buy” rating to a “hold” rating and reduced their price target for the stock from $79.00 to $70.00 in a research report on Friday, February 2nd. They noted that the move was a valuation call. B. Riley reiterated a “buy” rating and set a $108.00 price target on shares of OSI Systems in a research report on Thursday, January 25th. Finally, TheStreet downgraded shares of OSI Systems from a “b-” rating to a “c+” rating in a research report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $85.80.

Shares of OSI Systems (NASDAQ OSIS) traded up $1.21 during trading on Thursday, reaching $58.91. 633,235 shares of the company’s stock traded hands, compared to its average volume of 602,268. The company has a market cap of $1,120.41, a price-to-earnings ratio of 16.23, a PEG ratio of 1.25 and a beta of 0.88. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.55 and a quick ratio of 0.96. OSI Systems has a 12-month low of $50.50 and a 12-month high of $96.64.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings results on Thursday, February 1st. The technology company reported $0.97 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.08. OSI Systems had a negative net margin of 2.06% and a positive return on equity of 12.78%. The firm had revenue of $277.53 million for the quarter, compared to analyst estimates of $263.77 million. During the same quarter in the previous year, the firm posted $0.68 EPS. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. sell-side analysts forecast that OSI Systems will post 3.5 EPS for the current year.

In related news, Director Meyer/ Luskin purchased 20,000 shares of the stock in a transaction dated Tuesday, February 6th. The stock was bought at an average cost of $56.79 per share, with a total value of $1,135,800.00. Following the purchase, the director now directly owns 10,376 shares in the company, valued at approximately $589,253.04. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 7.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of OSIS. SG Capital Management LLC bought a new stake in OSI Systems during the 4th quarter worth approximately $15,607,000. Emerald Advisers Inc. PA boosted its position in OSI Systems by 6,051.2% during the 3rd quarter. Emerald Advisers Inc. PA now owns 169,650 shares of the technology company’s stock worth $15,501,000 after acquiring an additional 166,892 shares during the last quarter. Emerald Mutual Fund Advisers Trust acquired a new position in OSI Systems during the 3rd quarter worth approximately $11,235,000. BlackRock Inc. boosted its position in OSI Systems by 4.3% during the 4th quarter. BlackRock Inc. now owns 2,241,995 shares of the technology company’s stock worth $144,340,000 after acquiring an additional 92,505 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in OSI Systems by 33.4% during the 4th quarter. American Century Companies Inc. now owns 290,874 shares of the technology company’s stock worth $18,726,000 after acquiring an additional 72,847 shares during the last quarter.

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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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