OSI Systems, Inc. (OSIS) Receives $85.33 Consensus PT from Analysts

OSI Systems, Inc. (NASDAQ:OSIS) has been assigned a consensus recommendation of “Hold” from the seven analysts that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $85.33.

A number of equities analysts have weighed in on the company. Zacks Investment Research cut OSI Systems from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Roth Capital reduced their target price on OSI Systems from $106.00 to $78.00 and set a “buy” rating for the company in a research note on Friday, February 2nd. BidaskClub raised OSI Systems from a “strong sell” rating to a “sell” rating in a research report on Thursday, February 8th. B. Riley reaffirmed a “buy” rating and issued a $108.00 target price on shares of OSI Systems in a research report on Thursday, January 25th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $79.00 target price on shares of OSI Systems in a research report on Monday, January 8th.

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OSI Systems (OSIS) traded up $0.95 during midday trading on Wednesday, hitting $67.67. 249,698 shares of the stock were exchanged, compared to its average volume of 244,673. OSI Systems has a one year low of $50.50 and a one year 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 $1,268.98, a P/E ratio of -58.84, a P/E/G ratio of 1.41 and a beta of 0.89.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings data on Thursday, February 1st. The technology company reported $0.97 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.08. The company had revenue of $277.53 million during the quarter, compared to the consensus estimate of $263.77 million. OSI Systems had a negative net margin of 2.06% and a positive return on equity of 12.78%. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.68 EPS. analysts expect that OSI Systems will post 3.5 EPS for the current fiscal year.

OSI Systems declared that its board has initiated a stock buyback program on Tuesday, March 6th that allows the company to repurchase 1,000,000 shares. This repurchase authorization allows the technology company to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

In other OSI Systems news, Director Meyer/ Luskin purchased 20,000 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was bought at an average price of $56.79 per share, with a total value of $1,135,800.00. Following the completion of the purchase, the director now owns 10,376 shares in the company, valued at approximately $589,253.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 7.60% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. lifted its stake in OSI Systems by 51.1% in the 4th quarter. Westwood Holdings Group Inc. now owns 862,228 shares of the technology company’s stock worth $55,510,000 after acquiring an additional 291,488 shares in the last quarter. SG Capital Management LLC acquired a new stake in OSI Systems in the 4th quarter valued at approximately $15,607,000. Millennium Management LLC grew its holdings in OSI Systems by 93.6% in the 4th quarter. Millennium Management LLC now owns 426,163 shares of the technology company’s stock valued at $27,436,000 after buying an additional 206,089 shares during the last quarter. Earnest Partners LLC grew its holdings in OSI Systems by 18.0% in the 4th quarter. Earnest Partners LLC now owns 1,140,704 shares of the technology company’s stock valued at $73,439,000 after buying an additional 173,737 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in OSI Systems by 4.3% in the 4th quarter. BlackRock Inc. now owns 2,241,995 shares of the technology company’s stock valued at $144,340,000 after buying an additional 92,505 shares during the last quarter.

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OSI Systems Company Profile

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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