OSI Systems, Inc. (OSIS) Downgraded by Zacks Investment Research
Zacks Investment Research lowered shares of OSI Systems, Inc. (NASDAQ:OSIS) from a buy rating to a hold rating in a report published on Thursday morning.
According to Zacks, “OSI Systems, Inc. is a premier worldwide designer and provider of components, subsystems and end-products based on optical and electromechanical pressure sensor technologies. The Company’s product range focuses on the fiber optics and high speed telecommunications for Gigabit Ethernet and Fibre Channel, Security and Inspection and Medical Diagnostics industries, three areas of excellent growth for our products. The Company also sees continued expansion in office automation, aerospace, computer peripherals and industrial automation industries. “
Other research analysts have also issued reports about the company. TheStreet upgraded OSI Systems from a c+ rating to a b- rating in a report on Thursday, August 10th. Jefferies Group LLC reiterated a buy rating on shares of OSI Systems in a report on Thursday, June 1st. Sidoti initiated coverage on OSI Systems in a report on Wednesday, May 24th. They issued a buy rating and a $99.00 target price for the company. BidaskClub upgraded OSI Systems from a hold rating to a buy rating in a report on Thursday, August 10th. Finally, Roth Capital reiterated a buy rating and issued a $97.00 target price on shares of OSI Systems in a report on Tuesday, August 29th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. OSI Systems currently has an average rating of Buy and an average price target of $91.14.
OSI Systems (OSIS) opened at 84.27 on Thursday. OSI Systems has a 52-week low of $63.43 and a 52-week high of $86.14. The stock has a 50 day moving average price of $81.20 and a 200 day moving average price of $76.85. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 78.76 and a beta of 0.75.
OSI Systems (NASDAQ:OSIS) last released its earnings results on Thursday, August 24th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.09. The firm had revenue of $252.40 million during the quarter, compared to analyst estimates of $253.58 million. OSI Systems had a return on equity of 10.57% and a net margin of 2.19%. OSI Systems’s revenue was up 14.0% compared to the same quarter last year. During the same period last year, the business posted $0.55 earnings per share. On average, equities analysts expect that OSI Systems will post $3.46 earnings per share for the current year.
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Institutional investors have recently bought and sold shares of the business. Ameritas Investment Partners Inc. acquired a new stake in OSI Systems in the first quarter valued at $110,000. Riverhead Capital Management LLC raised its stake in OSI Systems by 95.8% in the second quarter. Riverhead Capital Management LLC now owns 1,566 shares of the technology company’s stock valued at $118,000 after buying an additional 766 shares in the last quarter. Advisor Group Inc. raised its stake in OSI Systems by 6.9% in the second quarter. Advisor Group Inc. now owns 1,602 shares of the technology company’s stock valued at $121,000 after buying an additional 104 shares in the last quarter. Victory Capital Management Inc. raised its stake in OSI Systems by 138.6% in the first quarter. Victory Capital Management Inc. now owns 1,868 shares of the technology company’s stock valued at $136,000 after buying an additional 1,085 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in OSI Systems by 13.7% in the first quarter. Asset Management One Co. Ltd. now owns 2,330 shares of the technology company’s stock valued at $170,000 after buying an additional 280 shares in the last quarter.
About OSI Systems
OSI Systems, Inc, through its subsidiaries, 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.
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