OSI Systems (NASDAQ:OSIS) Cut to “Sell” at StockNews.com

StockNews.com cut shares of OSI Systems (NASDAQ:OSIS) from a hold rating to a sell rating in a research note published on Friday morning.

Other equities research analysts also recently issued reports about the company. Wells Fargo & Company increased their price target on OSI Systems from $170.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Roth Mkm increased their price target on OSI Systems from $172.00 to $178.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Bank of America started coverage on OSI Systems in a report on Monday, September 30th. They issued a “buy” rating and a $175.00 price target on the stock. Finally, B. Riley increased their price target on OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $173.00.

OSI Systems Trading Down 0.3 %

Shares of OSIS stock opened at $164.91 on Friday. OSI Systems has a 1 year low of $117.07 and a 1 year high of $168.68. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.84 and a quick ratio of 1.20. The stock’s 50 day simple moving average is $146.14 and its two-hundred day simple moving average is $142.99. The company has a market cap of $2.76 billion, a PE ratio of 21.53, a price-to-earnings-growth ratio of 1.43 and a beta of 1.10.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings data on Thursday, October 24th. The technology company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.19. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. The business had revenue of $344.01 million for the quarter, compared to the consensus estimate of $318.66 million. During the same period in the prior year, the business posted $0.91 earnings per share. The company’s quarterly revenue was up 23.2% compared to the same quarter last year. Research analysts predict that OSI Systems will post 9.12 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Deepak Chopra sold 20,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $144.92, for a total value of $2,898,400.00. Following the transaction, the chief executive officer now owns 459,033 shares of the company’s stock, valued at $66,523,062.36. This represents a 4.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gerald M. Chizever sold 3,000 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $138.41, for a total value of $415,230.00. Following the completion of the transaction, the director now directly owns 3,462 shares in the company, valued at approximately $479,175.42. This trade represents a 46.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,107 shares of company stock valued at $6,071,809 over the last quarter. 5.20% of the stock is owned by corporate insiders.

Institutional Trading of OSI Systems

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tidal Investments LLC bought a new stake in OSI Systems during the 1st quarter valued at $921,000. Renaissance Technologies LLC boosted its position in OSI Systems by 79.8% during the 2nd quarter. Renaissance Technologies LLC now owns 25,683 shares of the technology company’s stock valued at $3,532,000 after acquiring an additional 11,400 shares in the last quarter. Victory Capital Management Inc. boosted its position in OSI Systems by 25.8% during the 3rd quarter. Victory Capital Management Inc. now owns 123,213 shares of the technology company’s stock valued at $18,707,000 after acquiring an additional 25,262 shares in the last quarter. GHP Investment Advisors Inc. boosted its position in OSI Systems by 71.2% during the 3rd quarter. GHP Investment Advisors Inc. now owns 26,872 shares of the technology company’s stock valued at $4,080,000 after acquiring an additional 11,173 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in OSI Systems by 24.4% during the 3rd quarter. Van ECK Associates Corp now owns 81,346 shares of the technology company’s stock valued at $11,563,000 after acquiring an additional 15,945 shares in the last quarter. 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.