OSI Systems (NASDAQ:OSIS) Downgraded by StockNews.com to Hold

StockNews.com lowered shares of OSI Systems (NASDAQ:OSIS) from a buy rating to a hold rating in a research report sent to investors on Saturday.

Separately, Roth Mkm boosted their price target on OSI Systems from $169.00 to $172.00 and gave the company a buy rating in a research note on Friday.

OSI Systems Stock Performance

Shares of NASDAQ OSIS opened at $134.82 on Friday. The company has a current ratio of 1.47, a quick ratio of 0.80 and a debt-to-equity ratio of 0.16. OSI Systems has a 12 month low of $102.02 and a 12 month high of $144.11. The stock has a 50 day moving average of $135.68 and a 200-day moving average of $127.44. The company has a market capitalization of $2.30 billion, a P/E ratio of 18.54, a P/E/G ratio of 1.52 and a beta of 0.98.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings results on Thursday, April 25th. The technology company reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.11 by $0.05. The business had revenue of $405.41 million during the quarter, compared to the consensus estimate of $401.99 million. OSI Systems had a return on equity of 18.10% and a net margin of 8.56%. The firm’s quarterly revenue was up 33.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.49 EPS. As a group, equities research analysts predict that OSI Systems will post 8.08 EPS for the current year.

Insider Buying and Selling at OSI Systems

In other OSI Systems news, CEO Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $129.11, for a total value of $2,582,200.00. Following the completion of the transaction, the chief executive officer now directly owns 468,615 shares of the company’s stock, valued at approximately $60,502,882.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other OSI Systems news, CEO Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $129.11, for a total value of $2,582,200.00. Following the completion of the transaction, the chief executive officer now directly owns 468,615 shares of the company’s stock, valued at approximately $60,502,882.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Victor S. Sze sold 15,000 shares of OSI Systems stock in a transaction on Monday, March 11th. The shares were sold at an average price of $130.21, for a total value of $1,953,150.00. Following the completion of the transaction, the general counsel now directly owns 63,116 shares of the company’s stock, valued at $8,218,334.36. The disclosure for this sale can be found here. Insiders sold 50,000 shares of company stock valued at $6,503,650 in the last three months. Corporate insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On OSI Systems

A number of institutional investors have recently modified their holdings of OSIS. West Paces Advisors Inc. acquired a new position in shares of OSI Systems during the 1st quarter worth $28,000. Global Retirement Partners LLC raised its holdings in shares of OSI Systems by 1,021.1% during the 1st quarter. Global Retirement Partners LLC now owns 213 shares of the technology company’s stock worth $30,000 after buying an additional 194 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of OSI Systems by 27.1% during the 3rd quarter. Parkside Financial Bank & Trust now owns 422 shares of the technology company’s stock worth $50,000 after buying an additional 90 shares in the last quarter. Quest Partners LLC acquired a new position in shares of OSI Systems during the 4th quarter worth $53,000. Finally, International Assets Investment Management LLC raised its holdings in shares of OSI Systems by 3,585.7% during the 4th quarter. International Assets Investment Management LLC now owns 516 shares of the technology company’s stock worth $67,000 after buying an additional 502 shares in the last quarter. Institutional investors and hedge funds own 89.21% of the company’s stock.

About OSI Systems

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.