OSI Systems, Inc. (NASDAQ:OSIS) Given Average Rating of “Buy” by Analysts

Shares of OSI Systems, Inc. (NASDAQ:OSIS) have received a consensus rating of “Buy” from the six analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $104.75.

Several research analysts recently weighed in on the stock. B. Riley lifted their price objective on shares of OSI Systems from $100.00 to $104.00 and gave the stock a “buy” rating in a research note on Friday, January 29th. Oppenheimer assumed coverage on shares of OSI Systems in a research note on Thursday, January 28th. They set a “buy” rating and a $110.00 price objective on the stock. TheStreet raised shares of OSI Systems from a “c+” rating to a “b” rating in a research note on Thursday, January 28th. Finally, Zacks Investment Research lowered shares of OSI Systems from a “buy” rating to a “hold” rating in a research note on Thursday, April 1st.

Shares of NASDAQ:OSIS opened at $98.83 on Friday. OSI Systems has a one year low of $66.11 and a one year high of $100.67. The company has a 50 day moving average of $96.90 and a 200-day moving average of $90.31. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.84 and a quick ratio of 1.08. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 28.65, a P/E/G ratio of 2.16 and a beta of 0.92.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings data on Thursday, January 28th. The technology company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.21. OSI Systems had a net margin of 5.65% and a return on equity of 15.70%. The business had revenue of $276.01 million for the quarter, compared to analyst estimates of $272.66 million. During the same quarter last year, the firm earned $1.27 EPS. OSI Systems’s quarterly revenue was down 9.6% compared to the same quarter last year. Equities research analysts anticipate that OSI Systems will post 4.85 earnings per share for the current year.

In other OSI Systems news, CEO Deepak Chopra sold 25,000 shares of OSI Systems stock in a transaction that occurred on Tuesday, March 2nd. The shares were sold at an average price of $93.22, for a total value of $2,330,500.00. Following the transaction, the chief executive officer now owns 474,094 shares of the company’s stock, valued at $44,195,042.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Manoocher M. Aliabadi sold 2,500 shares of OSI Systems stock in a transaction that occurred on Tuesday, March 2nd. The shares were sold at an average price of $93.85, for a total transaction of $234,625.00. Following the completion of the transaction, the insider now directly owns 77,751 shares in the company, valued at approximately $7,296,931.35. The disclosure for this sale can be found here. In the last ninety days, insiders sold 52,564 shares of company stock worth $4,945,543. Insiders own 6.60% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Everence Capital Management Inc. bought a new stake in shares of OSI Systems in the first quarter worth $245,000. Norges Bank bought a new stake in shares of OSI Systems in the fourth quarter worth $28,943,000. UBS Asset Management Americas Inc. increased its holdings in OSI Systems by 4.9% during the fourth quarter. UBS Asset Management Americas Inc. now owns 17,421 shares of the technology company’s stock worth $1,624,000 after buying an additional 809 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in OSI Systems by 1.4% during the fourth quarter. Nuveen Asset Management LLC now owns 270,646 shares of the technology company’s stock worth $25,230,000 after buying an additional 3,698 shares during the last quarter. Finally, Cardinal Capital Management LLC CT increased its holdings in OSI Systems by 28.0% during the fourth quarter. Cardinal Capital Management LLC CT now owns 296,885 shares of the technology company’s stock worth $27,676,000 after buying an additional 64,855 shares during the last quarter. 92.62% of the stock is currently owned by institutional investors and hedge funds.

About OSI Systems

OSI Systems, Inc designs, manufactures, and sells electronic systems and components worldwide. It operates through 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 detection, and explosive and narcotics trace detection systems under the Rapiscan Systems and AS&E names.

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