OSI Systems Inc. (OSIS) Given Average Rating of “Buy” by Analysts
Shares of OSI Systems Inc. (NASDAQ:OSIS) have received an average rating of “Buy” from the seven ratings firms that are covering the stock. Seven equities research analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $69.40.
OSIS has been the subject of a number of research reports. Zacks Investment Research raised shares of OSI Systems from a “strong sell” rating to a “buy” rating and set a $62.00 price target for the company in a research note on Wednesday, June 29th. B. Riley reissued a “buy” rating and issued a $72.00 price target on shares of OSI Systems in a research note on Sunday, September 18th. Benchmark Co. increased their price target on shares of OSI Systems from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, August 17th. Finally, Roth Capital reissued a “buy” rating on shares of OSI Systems in a research note on Sunday, June 26th.
In other OSI Systems news, Director Steven C. Good sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $63.35, for a total transaction of $190,050.00. Following the completion of the transaction, the director now owns 23,725 shares of the company’s stock, valued at $1,502,978.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 7.70% of the company’s stock.
Several institutional investors have recently made changes to their positions in OSIS. DekaBank Deutsche Girozentrale increased its position in shares of OSI Systems by 100.0% in the second quarter. DekaBank Deutsche Girozentrale now owns 2,000 shares of the company’s stock worth $112,000 after buying an additional 1,000 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of OSI Systems by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 2,629 shares of the company’s stock worth $153,000 after buying an additional 321 shares in the last quarter. Mizuho Asset Management Co. Ltd. acquired a new position in shares of OSI Systems during the second quarter worth $187,000. Mason Street Advisors LLC acquired a new position in shares of OSI Systems during the second quarter worth $200,000. Finally, Hsbc Holdings PLC acquired a new position in shares of OSI Systems during the second quarter worth $205,000. 93.28% of the stock is owned by institutional investors and hedge funds.
OSI Systems (NASDAQ:OSIS) opened at 66.63 on Wednesday. The stock has a 50 day moving average price of $66.00 and a 200-day moving average price of $59.74. OSI Systems has a 52 week low of $48.19 and a 52 week high of $96.75. The stock has a market cap of $1.26 billion, a P/E ratio of 51.25 and a beta of 1.18.
OSI Systems (NASDAQ:OSIS) last posted its earnings results on Tuesday, August 16th. The company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.03. The company earned $221.47 million during the quarter, compared to analyst estimates of $232.32 million. OSI Systems had a net margin of 3.15% and a return on equity of 7.69%. OSI Systems’s revenue for the quarter was down 16.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.22 earnings per share. On average, equities analysts anticipate that OSI Systems will post $2.64 EPS for the current fiscal year.
About OSI Systems
OSI Systems, Inc is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications. The Company sells its products and provides related services in diversified markets, including homeland security, healthcare, defense and aerospace. The Company has three operating divisions: Security, Healthcare, and Optoelectronics and Manufacturing.
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