OSI Systems (NASDAQ:OSIS) Lifted to “Buy” at StockNews.com

OSI Systems (NASDAQ:OSIS) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Friday.

Separately, Roth Mkm increased their price target on shares of OSI Systems from $165.00 to $169.00 and gave the stock a “buy” rating in a report on Friday, January 26th.

OSI Systems Price Performance

Shares of NASDAQ:OSIS traded up $1.69 during trading on Friday, reaching $135.54. The company had a trading volume of 95,199 shares, compared to its average volume of 91,612. The company has a fifty day moving average of $135.44 and a two-hundred day moving average of $126.72. The stock has a market capitalization of $2.31 billion, a P/E ratio of 20.57, a price-to-earnings-growth ratio of 1.52 and a beta of 0.98. OSI Systems has a 12 month low of $99.11 and a 12 month high of $144.11. The company has a current ratio of 1.43, a quick ratio of 0.80 and a debt-to-equity ratio of 0.17.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings results on Thursday, January 25th. The technology company reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.47. The firm had revenue of $373.20 million for the quarter, compared to analyst estimates of $364.29 million. OSI Systems had a net margin of 8.31% and a return on equity of 17.35%. The business’s revenue for the quarter was up 26.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.19 EPS. Equities research analysts forecast that OSI Systems will post 8.03 earnings per share for the current year.

Insider Activity at OSI Systems

In related news, General Counsel Victor S. Sze sold 15,000 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $131.22, for a total transaction of $1,968,300.00. Following the transaction, the general counsel now owns 78,116 shares of the company’s stock, valued at approximately $10,250,381.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other OSI Systems news, CEO Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $129.11, for a total value of $2,582,200.00. Following the sale, the chief executive officer now owns 468,615 shares of the company’s stock, valued at approximately $60,502,882.65. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Victor S. Sze sold 15,000 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $131.22, for a total transaction of $1,968,300.00. Following the completion of the sale, the general counsel now directly owns 78,116 shares in the company, valued at approximately $10,250,381.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,000 shares of company stock valued at $6,503,650. Insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On OSI Systems

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in OSI Systems by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,990,492 shares of the technology company’s stock worth $234,958,000 after acquiring an additional 49,634 shares during the last quarter. Qube Research & Technologies Ltd lifted its position in shares of OSI Systems by 25.7% in the 3rd quarter. Qube Research & Technologies Ltd now owns 45,903 shares of the technology company’s stock worth $5,418,000 after purchasing an additional 9,379 shares during the period. Oliver Luxxe Assets LLC purchased a new stake in shares of OSI Systems in the 3rd quarter worth about $813,000. Invesco Ltd. lifted its position in shares of OSI Systems by 2.5% in the 3rd quarter. Invesco Ltd. now owns 183,015 shares of the technology company’s stock worth $21,603,000 after purchasing an additional 4,441 shares during the period. Finally, Algert Global LLC purchased a new stake in shares of OSI Systems in the 3rd quarter worth about $1,424,000. Institutional investors own 89.21% of the company’s stock.

About OSI Systems

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.