OSI Systems (NASDAQ:OSIS) Rating Lowered to Strong Sell at BidaskClub

BidaskClub lowered shares of OSI Systems (NASDAQ:OSIS) from a sell rating to a strong sell rating in a report released on Wednesday, BidAskClub reports.

Several other research firms also recently commented on OSIS. B. Riley increased their price objective on OSI Systems from $113.00 to $119.00 and gave the company a buy rating in a report on Tuesday, August 27th. Zacks Investment Research raised OSI Systems from a hold rating to a buy rating and set a $117.00 price objective for the company in a report on Thursday, August 29th. Finally, ValuEngine downgraded OSI Systems from a hold rating to a sell rating in a report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $112.00.

Shares of NASDAQ OSIS traded up $0.43 during trading hours on Wednesday, hitting $96.97. The company had a trading volume of 82,341 shares, compared to its average volume of 152,352. The stock has a market capitalization of $1.76 billion, a P/E ratio of 22.45, a price-to-earnings-growth ratio of 1.65 and a beta of 0.85. The company has a quick ratio of 0.96, a current ratio of 1.68 and a debt-to-equity ratio of 0.47. OSI Systems has a 1-year low of $67.15 and a 1-year high of $117.21. The firm’s 50 day moving average is $103.25 and its 200-day moving average is $103.47.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings data on Monday, August 26th. The technology company reported $1.15 EPS for the quarter, beating the consensus estimate of $1.06 by $0.09. The company had revenue of $308.38 million during the quarter, compared to the consensus estimate of $304.13 million. OSI Systems had a return on equity of 15.68% and a net margin of 5.48%. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.02 EPS. On average, sell-side analysts predict that OSI Systems will post 4.7 earnings per share for the current year.

In other OSI Systems news, insider Ajay Mehra sold 2,668 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $99.98, for a total transaction of $266,746.64. Following the completion of the sale, the insider now owns 124,659 shares of the company’s stock, valued at approximately $12,463,406.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Deepak Chopra sold 35,000 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $106.54, for a total value of $3,728,900.00. Following the sale, the insider now directly owns 549,530 shares of the company’s stock, valued at approximately $58,546,926.20. The disclosure for this sale can be found here. Insiders have sold a total of 128,332 shares of company stock valued at $13,587,838 in the last ninety days. Insiders own 8.60% of the company’s stock.

A number of institutional investors have recently made changes to their positions in OSIS. Invesco Ltd. lifted its holdings in OSI Systems by 490.4% during the 2nd quarter. Invesco Ltd. now owns 674,280 shares of the technology company’s stock valued at $75,944,000 after purchasing an additional 560,080 shares during the last quarter. Nuveen Asset Management LLC acquired a new stake in OSI Systems during the 2nd quarter valued at $18,192,000. Renaissance Technologies LLC lifted its holdings in OSI Systems by 386.6% during the 2nd quarter. Renaissance Technologies LLC now owns 81,308 shares of the technology company’s stock valued at $9,158,000 after purchasing an additional 64,600 shares during the last quarter. Intrinsic Edge Capital Management LLC lifted its holdings in OSI Systems by 66.5% during the 2nd quarter. Intrinsic Edge Capital Management LLC now owns 135,865 shares of the technology company’s stock valued at $15,302,000 after purchasing an additional 54,254 shares during the last quarter. Finally, First Trust Advisors LP acquired a new stake in OSI Systems during the 2nd quarter valued at $5,560,000. 98.83% of the stock is owned by institutional investors and hedge funds.

About OSI Systems

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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