OSI Systems (NASDAQ:OSIS) was upgraded by Zacks Investment Research from a "hold" rating to a "buy" rating in a research note issued to investors on Tuesday, Zacks.com reports. The firm currently has a $96.00 price target on the technology company's stock. Zacks Investment Research's target price suggests a potential upside of 9.68% from the stock's previous close.
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. "
Several other brokerages have also recently weighed in on OSIS. Berenberg Bank initiated coverage on OSI Systems in a research report on Friday, November 13th. They issued a "buy" rating and a $103.00 price target for the company. BidaskClub downgraded OSI Systems from a "buy" rating to a "hold" rating in a research note on Wednesday, October 14th. Finally, B. Riley upped their price target on OSI Systems from $94.00 to $100.00 and gave the company a "buy" rating in a research report on Friday, October 30th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of "Buy" and a consensus target price of $100.25.
Shares of OSIS opened at $87.53 on Tuesday. The firm has a market cap of $1.57 billion, a PE ratio of 21.67, a PEG ratio of 1.72 and a beta of 0.91. OSI Systems has a 1 year low of $49.96 and a 1 year high of $102.81. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.87 and a quick ratio of 1.14. The stock's fifty day moving average price is $81.54 and its two-hundred day moving average price is $76.36.
OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings results on Thursday, October 29th. The technology company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.13. The company had revenue of $254.90 million for the quarter, compared to analyst estimates of $252.62 million. OSI Systems had a net margin of 6.45% and a return on equity of 15.39%. The company's quarterly revenue was down 12.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.91 earnings per share. Sell-side analysts anticipate that OSI Systems will post 4.67 earnings per share for the current fiscal year.
In other OSI Systems news, Director Steven C. Good sold 1,250 shares of the business's stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $77.50, for a total value of $96,875.00. Following the completion of the transaction, the director now owns 16,544 shares of the company's stock, valued at approximately $1,282,160. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Ajay Mehra sold 11,971 shares of the stock in a transaction on Monday, November 9th. The stock was sold at an average price of $85.06, for a total transaction of $1,018,253.26. Following the completion of the transaction, the vice president now directly owns 46,256 shares in the company, valued at approximately $3,934,535.36. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 43,866 shares of company stock valued at $3,524,177. 6.80% of the stock is owned by company insiders.
Large investors have recently made changes to their positions in the stock. Neumeier Poma Investment Counsel LLC raised its position in OSI Systems by 1.5% during the third quarter. Neumeier Poma Investment Counsel LLC now owns 396,568 shares of the technology company's stock valued at $30,778,000 after purchasing an additional 6,050 shares in the last quarter. Cardinal Capital Management LLC CT purchased a new position in shares of OSI Systems in the 3rd quarter worth about $18,008,000. Charles Schwab Investment Management Inc. increased its position in shares of OSI Systems by 8.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 219,488 shares of the technology company's stock valued at $17,035,000 after purchasing an additional 17,144 shares during the last quarter. LSV Asset Management raised its holdings in shares of OSI Systems by 612.7% during the 3rd quarter. LSV Asset Management now owns 205,260 shares of the technology company's stock valued at $15,930,000 after buying an additional 176,460 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in OSI Systems by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 146,547 shares of the technology company's stock worth $11,374,000 after buying an additional 4,555 shares during the last quarter. Institutional investors own 92.57% of the company's stock.
OSI Systems Company Profile
OSI Systems, Inc designs, manufactures, and sells electronic systems and components worldwide. It operates through 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 detection, and explosive and narcotics trace detection systems under the Rapiscan Systems and AS&E names.
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