Analysts at Sidoti began coverage on shares of OSI Systems (NASDAQ:OSIS) in a note issued to investors on Wednesday. The brokerage set a “buy” rating on the technology company’s stock.
Other research analysts have also recently issued research reports about the stock. Jefferies Group reissued a “buy” rating and set a $79.00 price target on shares of OSI Systems in a research report on Monday, January 8th. Zacks Investment Research raised shares of OSI Systems from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research report on Wednesday, December 27th. B. Riley reissued a “buy” rating and set a $108.00 price target on shares of OSI Systems in a research report on Tuesday, October 24th. Roth Capital lowered their price target on shares of OSI Systems from $106.00 to $78.00 and set a “buy” rating on the stock in a research report on Friday, February 2nd. Finally, TheStreet cut shares of OSI Systems from a “b-” rating to a “c+” rating in a research report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $85.80.
Shares of OSI Systems (NASDAQ OSIS) traded up $0.03 on Wednesday, reaching $63.11. 187,200 shares of the company’s stock traded hands, compared to its average volume of 486,557. OSI Systems has a 52 week low of $50.50 and a 52 week high of $96.64. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.96 and a current ratio of 1.55. The firm has a market cap of $1,200.00, a PE ratio of 34.87, a PEG ratio of 1.34 and a beta of 0.88.
OSI Systems (NASDAQ:OSIS) last announced its earnings results on Thursday, February 1st. The technology company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.08. OSI Systems had a negative net margin of 2.06% and a positive return on equity of 12.78%. The company had revenue of $277.53 million for the quarter, compared to analysts’ expectations of $263.77 million. During the same quarter in the previous year, the company posted $0.68 EPS. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. sell-side analysts predict that OSI Systems will post 3.5 EPS for the current year.
In other news, Director Meyer/ Luskin purchased 20,000 shares of the stock in a transaction dated Tuesday, February 6th. The shares were purchased at an average price of $56.79 per share, with a total value of $1,135,800.00. Following the transaction, the director now owns 10,376 shares in the company, valued at approximately $589,253.04. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 7.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of OSIS. Advisor Group Inc. lifted its position in OSI Systems by 6.9% in the second quarter. Advisor Group Inc. now owns 1,602 shares of the technology company’s stock valued at $121,000 after buying an additional 104 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in OSI Systems during the third quarter worth about $165,000. Nine Chapters Capital Management LLC purchased a new stake in OSI Systems during the third quarter worth about $201,000. Magnetar Financial LLC purchased a new stake in OSI Systems during the third quarter worth about $204,000. Finally, Icon Advisers Inc. Co. purchased a new stake in OSI Systems during the third quarter worth about $210,000. 97.53% of the stock is currently owned by institutional investors.
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About OSI Systems
OSI Systems, Inc, through its subsidiaries, is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications. The Company sells its products and provides related services in diversified markets, including homeland security, healthcare, defense and aerospace.
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