BidaskClub Lowers OSI Systems (OSIS) to Sell

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OSI Systems (NASDAQ:OSIS) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Tuesday, BidAskClub reports.

Other research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of OSI Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 28th. TheStreet raised shares of OSI Systems from a “c” rating to a “b” rating in a research report on Friday, January 25th. Roth Capital increased their price objective on shares of OSI Systems from $89.00 to $97.00 and gave the company a “buy” rating in a research report on Friday, January 25th. B. Riley raised their price target on shares of OSI Systems to $98.00 and gave the stock a “buy” rating in a research report on Friday, January 25th. Finally, ValuEngine raised shares of OSI Systems from a “hold” rating to a “buy” rating in a research report on Thursday, December 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. OSI Systems currently has a consensus rating of “Hold” and an average price target of $96.00.

Shares of NASDAQ OSIS opened at $88.30 on Tuesday. OSI Systems has a 1-year low of $62.20 and a 1-year high of $91.19. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 24.46, a P/E/G ratio of 1.76 and a beta of 1.12. The company has a quick ratio of 0.78, a current ratio of 1.45 and a debt-to-equity ratio of 0.51.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings results on Wednesday, January 30th. The technology company reported $1.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.23. OSI Systems had a net margin of 3.22% and a return on equity of 14.93%. The business had revenue of $303.21 million during the quarter, compared to the consensus estimate of $287.18 million. During the same period in the previous year, the firm posted $0.97 earnings per share. OSI Systems’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, equities research analysts anticipate that OSI Systems will post 4.02 earnings per share for the current year.

In related news, insider Deepak Chopra sold 69,574 shares of the company’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $87.85, for a total value of $6,112,075.90. Following the transaction, the insider now directly owns 593,457 shares in the company, valued at $52,135,197.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ajay Mehra sold 27,908 shares of the company’s stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $86.83, for a total value of $2,423,251.64. Following the completion of the sale, the insider now directly owns 157,182 shares of the company’s stock, valued at approximately $13,648,113.06. The disclosure for this sale can be found here. Insiders have sold a total of 156,657 shares of company stock worth $13,682,447 over the last ninety days. Insiders own 8.60% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of OSIS. Vanguard Group Inc raised its holdings in OSI Systems by 1.5% in the 3rd quarter. Vanguard Group Inc now owns 1,741,981 shares of the technology company’s stock valued at $132,931,000 after acquiring an additional 25,797 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of OSI Systems by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,741,981 shares of the technology company’s stock worth $132,931,000 after purchasing an additional 25,797 shares during the period. Dimensional Fund Advisors LP boosted its position in OSI Systems by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,083,252 shares of the technology company’s stock valued at $79,403,000 after buying an additional 5,210 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in OSI Systems by 21.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 305,537 shares of the technology company’s stock valued at $22,396,000 after buying an additional 53,035 shares in the last quarter. Finally, Norges Bank acquired a new position in OSI Systems in the fourth quarter valued at about $20,676,000. Institutional investors and hedge funds own 98.63% 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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