OSI Systems, Inc. (NASDAQ:OSIS) Stock Rated "Moderate Buy" by Sell-Side Brokerages

Key Points

• Analysts rate OSI Systems “Moderate Buy”: Five of seven covering firms recommend buying, while two rate it a hold; the average 12-month price target is $276.71. Several brokers recently cut their targets.
• Quarterly results narrowly beat estimates: OSI Systems reported EPS of $1.66 versus $1.65 expected and revenue of $403.47 million versus $396.11 million expected. EPS rose from $1.42 a year earlier, while revenue was flat year over year.
• Shares traded at $192.92, down 1.5% on Friday: The price was below both its 50-day average of $198.16 and 200-day average of $233.43, and near its 52-week low of $186.50.

Shares of OSI Systems, Inc. (NASDAQ:OSIS - Get Free Report) have earned a consensus rating of "Moderate Buy" from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $276.71.

Several research firms have commented on OSIS. B. Riley Financial reissued a "buy" rating and issued a $265.00 price objective (down from $320.00) on shares of OSI Systems in a research report on Friday, August 21st. Oppenheimer decreased their target price on OSI Systems from $300.00 to $265.00 and set an "outperform" rating for the company in a research report on Thursday, October 8th. Roth Capital reiterated a "buy" rating and issued a $274.00 target price on shares of OSI Systems in a research note on Friday, August 21st. Bank of America dropped their target price on OSI Systems from $315.00 to $300.00 and set a "buy" rating on the stock in a report on Monday, July 20th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of OSI Systems in a research report on Wednesday, October 28th.

Insider Transactions at OSI Systems

In other news, insider Paul Morben sold 536 shares of OSI Systems stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $200.00, for a total transaction of $107,200.00. Following the sale, the insider owned 9,379 shares in the company, valued at $1,875,800. This trade represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On OSI Systems

Large investors have recently added to or reduced their stakes in the company. Transamerica Financial Advisors LLC purchased a new stake in OSI Systems during the 2nd quarter worth $26,000. Group One Trading LLC acquired a new stake in shares of OSI Systems during the first quarter valued at about $27,000. IFP Advisors Inc increased its position in shares of OSI Systems by 201.9% during the third quarter. IFP Advisors Inc now owns 163 shares of the technology company's stock worth $32,000 after acquiring an additional 109 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of OSI Systems during the second quarter worth about $35,000. Finally, Keating Financial Advisory Services Inc. acquired a new position in shares of OSI Systems in the second quarter worth about $39,000. 89.21% of the stock is owned by institutional investors and hedge funds.

OSI Systems Trading Down 1.5%

NASDAQ:OSIS traded down $3.03 on Friday, hitting $192.92. 152,307 shares of the stock were exchanged, compared to its average volume of 211,442. The stock has a market cap of $3.03 billion, a PE ratio of 20.68, a PEG ratio of 1.46 and a beta of 1.26. The company has a current ratio of 2.89, a quick ratio of 2.05 and a debt-to-equity ratio of 1.28. The stock has a fifty day moving average of $198.16 and a 200-day moving average of $233.43. OSI Systems has a fifty-two week low of $186.50 and a fifty-two week high of $311.72.

OSI Systems (NASDAQ:OSIS - Get Free Report) last posted its earnings results on Thursday, October 29th. The technology company reported $1.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.65 by $0.01. OSI Systems had a net margin of 8.79% and a return on equity of 21.57%. The firm had revenue of $403.47 million during the quarter, compared to the consensus estimate of $396.11 million. During the same quarter in the prior year, the company earned $1.42 EPS. The company's revenue was up .0% on a year-over-year basis. As a group, equities analysts expect that OSI Systems will post 11.45 earnings per share for the current fiscal year.

About OSI Systems

OSI Systems, Inc. develops and manufactures security, healthcare, and optoelectronic products. Founded in 1987 and headquartered in Hawthorne, California, the company serves customers in the United States and internationally through three business areas: Security, Healthcare, and Optoelectronics and Manufacturing. Its Security division provides screening systems and related services for applications such as airports, borders, ports, and critical infrastructure. Products include systems for inspecting people, baggage, cargo, and vehicles, as well as security detection equipment.

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