OSI Systems (NASDAQ:OSIS) Raised to "Hold" at StockNews.com

StockNews.com upgraded shares of OSI Systems (NASDAQ:OSIS - Free Report) from a sell rating to a hold rating in a report published on Friday.

Several other research firms also recently weighed in on OSIS. JPMorgan Chase & Co. began coverage on shares of OSI Systems in a research report on Friday, February 21st. They issued a "neutral" rating and a $225.00 target price on the stock. Wells Fargo & Company lowered their price objective on shares of OSI Systems from $220.00 to $210.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Roth Mkm lifted their target price on shares of OSI Systems from $224.00 to $245.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Oppenheimer boosted their price objective on shares of OSI Systems from $225.00 to $260.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. Finally, B. Riley reaffirmed a "buy" rating and set a $255.00 target price (up previously from $221.00) on shares of OSI Systems in a research report on Friday, May 2nd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, OSI Systems has a consensus rating of "Moderate Buy" and a consensus price target of $228.33.

OSI Systems Price Performance

Shares of OSIS traded down $2.35 during mid-day trading on Friday, hitting $229.65. The company's stock had a trading volume of 89,731 shares, compared to its average volume of 192,751. The firm has a 50-day moving average price of $199.83 and a 200 day moving average price of $186.13. The stock has a market capitalization of $3.86 billion, a price-to-earnings ratio of 29.56, a PEG ratio of 1.81 and a beta of 1.28. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.88 and a quick ratio of 1.25. OSI Systems has a fifty-two week low of $129.18 and a fifty-two week high of $233.80.

OSI Systems (NASDAQ:OSIS - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The technology company reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.38 by $0.06. The company had revenue of $444.35 million for the quarter, compared to analysts' expectations of $436.49 million. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. The business's revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.16 EPS. On average, research analysts predict that OSI Systems will post 9.22 EPS for the current fiscal year.

Insider Buying and Selling

In other OSI Systems news, Chairman Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $221.79, for a total value of $4,435,800.00. Following the transaction, the chairman now owns 339,478 shares in the company, valued at $75,292,825.62. The trade was a 5.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Glenn Grindstaff sold 688 shares of the business's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $224.89, for a total value of $154,724.32. Following the sale, the insider now owns 8,354 shares in the company, valued at approximately $1,878,731.06. This trade represents a 7.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,621 shares of company stock worth $9,375,570. Company insiders own 5.20% of the company's stock.

Hedge Funds Weigh In On OSI Systems

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Barclays PLC lifted its stake in OSI Systems by 252.3% in the third quarter. Barclays PLC now owns 35,519 shares of the technology company's stock valued at $5,392,000 after buying an additional 25,437 shares during the period. Franklin Resources Inc. lifted its stake in OSI Systems by 3.5% in the third quarter. Franklin Resources Inc. now owns 9,560 shares of the technology company's stock valued at $1,429,000 after buying an additional 324 shares during the period. Park Avenue Securities LLC lifted its stake in OSI Systems by 36.0% in the fourth quarter. Park Avenue Securities LLC now owns 6,275 shares of the technology company's stock valued at $1,051,000 after buying an additional 1,660 shares during the period. Avanza Fonder AB acquired a new position in OSI Systems in the fourth quarter valued at approximately $370,000. Finally, Wedge Capital Management L L P NC lifted its stake in OSI Systems by 9.1% in the fourth quarter. Wedge Capital Management L L P NC now owns 32,436 shares of the technology company's stock valued at $5,431,000 after buying an additional 2,710 shares during the period. 89.21% of the stock is owned by institutional investors and hedge funds.

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.