OSI Systems (OSIS) Downgraded to “Sell” at BidaskClub

BidaskClub cut shares of OSI Systems (NASDAQ:OSIS) from a hold rating to a sell rating in a research report sent to investors on Wednesday morning.

A number of other analysts have also recently weighed in on OSIS. Zacks Investment Research raised OSI Systems from a hold rating to a buy rating and set a $86.00 price target for the company in a research report on Tuesday, August 28th. B. Riley boosted their price target on OSI Systems from $81.00 to $92.50 and gave the stock a buy rating in a research report on Friday, August 24th. Finally, Roth Capital boosted their price target on OSI Systems from $77.00 to $89.00 and gave the stock a buy rating in a research report on Friday, August 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $83.38.

NASDAQ OSIS traded down $0.57 on Wednesday, reaching $69.88. The stock had a trading volume of 16,834 shares, compared to its average volume of 129,492. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.37 and a quick ratio of 0.70. OSI Systems has a 1 year low of $50.50 and a 1 year high of $85.24. The company has a market capitalization of $1.28 billion, a P/E ratio of 19.36, a price-to-earnings-growth ratio of 1.45 and a beta of 0.97.

OSI Systems (NASDAQ:OSIS) last issued its earnings results on Thursday, October 25th. The technology company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.20. OSI Systems had a positive return on equity of 14.08% and a negative net margin of 2.72%. The firm had revenue of $266.25 million for the quarter, compared to the consensus estimate of $246.87 million. During the same quarter in the previous year, the company posted $0.79 earnings per share. On average, equities analysts anticipate that OSI Systems will post 3.9 EPS for the current year.

In other OSI Systems news, insider Malcolm Peter Maginnis sold 552 shares of the stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $71.55, for a total value of $39,495.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Alan I. Edrick sold 40,000 shares of the stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $72.07, for a total value of $2,882,800.00. Following the completion of the transaction, the chief financial officer now owns 270,906 shares in the company, valued at $19,524,195.42. The disclosure for this sale can be found here. In the last ninety days, insiders sold 77,478 shares of company stock valued at $5,666,907. Insiders own 8.60% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in OSIS. Eqis Capital Management Inc. bought a new position in OSI Systems in the 2nd quarter valued at $382,000. Massachusetts Financial Services Co. MA lifted its stake in shares of OSI Systems by 14.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 231,696 shares of the technology company’s stock valued at $17,917,000 after purchasing an additional 29,869 shares during the period. NJ State Employees Deferred Compensation Plan acquired a new position in shares of OSI Systems in the 2nd quarter valued at $232,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of OSI Systems in the 2nd quarter valued at $278,000. Finally, Mackay Shields LLC acquired a new position in shares of OSI Systems in the 2nd quarter valued at $572,000. Hedge funds and other institutional investors own 98.66% of the company’s stock.

OSI Systems Company Profile

OSI Systems, Inc designs, manufactures, and sells electronic systems and components worldwide. The company's 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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