BidaskClub cut shares of OSI Systems (NASDAQ:OSIS) from a hold rating to a sell rating in a research report report published on Tuesday morning.

Other equities analysts have also issued reports about the stock. Sidoti lowered shares of OSI Systems from a buy rating to a neutral rating in a research report on Thursday, June 21st. Zacks Investment Research lowered shares of OSI Systems from a buy rating to a hold rating in a research report on Tuesday, June 26th. Roth Capital boosted their price target on shares of OSI Systems from $77.00 to $89.00 and gave the stock a buy rating in a research report on Friday, August 24th. ValuEngine upgraded shares of OSI Systems from a sell rating to a hold rating in a research report on Monday, June 11th. Finally, B. Riley boosted their price target on shares of OSI Systems from $81.00 to $92.50 and gave the stock a buy rating in a research report on Friday, August 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of Hold and an average target price of $84.38.

OSIS traded up $0.27 on Tuesday, reaching $69.57. 158,202 shares of the company’s stock were exchanged, compared to its average volume of 206,652. The firm has a market capitalization of $1.38 billion, a PE ratio of 19.27, a PEG ratio of 1.58 and a beta of 0.89. OSI Systems has a twelve month low of $50.50 and a twelve month high of $96.64. The company has a current ratio of 1.47, a quick ratio of 0.76 and a debt-to-equity ratio of 0.51.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings results on Thursday, August 23rd. The technology company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.08. The firm had revenue of $287.33 million for the quarter, compared to analyst estimates of $274.13 million. OSI Systems had a negative net margin of 2.67% and a positive return on equity of 13.55%. OSI Systems’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.02 earnings per share. As a group, analysts predict that OSI Systems will post 3.87 earnings per share for the current fiscal year.

In other OSI Systems news, insider Deepak Chopra sold 25,000 shares of the business’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $74.90, for a total value of $1,872,500.00. Following the transaction, the insider now directly owns 630,223 shares in the company, valued at approximately $47,203,702.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven C. Good sold 4,500 shares of the business’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $76.86, for a total transaction of $345,870.00. Following the completion of the transaction, the director now owns 22,339 shares in the company, valued at $1,716,975.54. The disclosure for this sale can be found here. Insiders sold a total of 44,072 shares of company stock worth $3,289,995 over the last quarter. 7.60% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the business. Janus Henderson Group PLC raised its stake in shares of OSI Systems by 11.0% in the 2nd quarter. Janus Henderson Group PLC now owns 1,480,180 shares of the technology company’s stock valued at $114,462,000 after acquiring an additional 147,278 shares during the period. Clearline Capital LP raised its stake in shares of OSI Systems by 219.0% in the 1st quarter. Clearline Capital LP now owns 134,948 shares of the technology company’s stock valued at $8,808,000 after acquiring an additional 92,648 shares during the period. Renaissance Technologies LLC raised its stake in shares of OSI Systems by 277.0% in the 2nd quarter. Renaissance Technologies LLC now owns 69,016 shares of the technology company’s stock valued at $5,337,000 after acquiring an additional 50,708 shares during the period. Earnest Partners LLC raised its stake in shares of OSI Systems by 3.8% in the 1st quarter. Earnest Partners LLC now owns 1,184,310 shares of the technology company’s stock valued at $77,300,000 after acquiring an additional 43,606 shares during the period. Finally, Granahan Investment Management Inc. MA raised its stake in shares of OSI Systems by 13.7% in the 2nd quarter. Granahan Investment Management Inc. MA now owns 354,561 shares of the technology company’s stock valued at $27,418,000 after acquiring an additional 42,716 shares during the period. Institutional investors own 99.08% 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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