StockNews.com Upgrades OSI Systems (NASDAQ:OSIS) to “Hold”

StockNews.com upgraded shares of OSI Systems (NASDAQ:OSIS) from a sell rating to a hold rating in a research report released on Wednesday.

OSIS has been the subject of several other research reports. B. Riley boosted their price objective on OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a report on Friday, January 24th. Oppenheimer boosted their price target on shares of OSI Systems from $205.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. JPMorgan Chase & Co. started coverage on shares of OSI Systems in a research note on Friday, February 21st. They issued a “neutral” rating and a $225.00 price objective on the stock. Wells Fargo & Company boosted their target price on shares of OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Finally, Roth Mkm raised their price target on shares of OSI Systems from $178.00 to $224.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, OSI Systems has an average rating of “Moderate Buy” and a consensus price target of $212.00.

OSI Systems Trading Up 5.3 %

NASDAQ:OSIS opened at $202.83 on Wednesday. OSI Systems has a 12 month low of $126.57 and a 12 month high of $220.00. The company has a current ratio of 1.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 26.10, a PEG ratio of 1.81 and a beta of 1.20. The firm has a fifty day simple moving average of $191.25 and a two-hundred day simple moving average of $168.32.

OSI Systems (NASDAQ:OSIS) last issued its earnings results on Thursday, January 23rd. The technology company reported $2.42 EPS for the quarter, beating the consensus estimate of $2.34 by $0.08. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. Analysts expect that OSI Systems will post 9.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other OSI Systems news, Director Gerald M. Chizever sold 2,701 shares of the company’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $195.83, for a total value of $528,936.83. Following the completion of the transaction, the director now owns 5,000 shares in the company, valued at $979,150. This represents a 35.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul Keith Morben sold 155 shares of OSI Systems stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $199.36, for a total value of $30,900.80. Following the sale, the insider now owns 10,077 shares in the company, valued at $2,008,950.72. The trade was a 1.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by insiders.

Institutional Trading of OSI Systems

Large investors have recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd bought a new position in shares of OSI Systems during the 4th quarter valued at approximately $25,000. Richardson Financial Services Inc. lifted its stake in OSI Systems by 65.6% in the fourth quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock valued at $26,000 after purchasing an additional 61 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in OSI Systems by 243.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company’s stock valued at $46,000 after purchasing an additional 195 shares during the period. CIBC Private Wealth Group LLC increased its position in OSI Systems by 241.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 683 shares of the technology company’s stock worth $108,000 after buying an additional 483 shares during the last quarter. Finally, KBC Group NV raised its stake in shares of OSI Systems by 37.1% in the fourth quarter. KBC Group NV now owns 699 shares of the technology company’s stock valued at $117,000 after buying an additional 189 shares during the period. Hedge funds and other institutional investors own 89.21% of the company’s stock.

OSI Systems Company Profile

OSI Systems, Inc designs and manufactures electronic systems and components. It operates in three segments: Security, Healthcare, and Optoelectronics and Manufacturing. The Security segment offers baggage and parcel inspection, cargo and vehicle inspection, hold baggage and people screening, radiation monitoring, explosive and narcotics trace detection systems, and optical inspection systems under the Rapiscan name.