BidaskClub downgraded shares of OSI Systems (NASDAQ:OSIS) from a buy rating to a hold rating in a research note published on Wednesday.

Several other equities research analysts have also issued reports on the stock. ValuEngine upgraded shares of OSI Systems from a hold rating to a buy rating in a research note on Thursday, December 20th. Drexel Hamilton reiterated a buy rating and issued a $90.00 price target on shares of OSI Systems in a research note on Wednesday, December 19th. Finally, Zacks Investment Research lowered shares of OSI Systems from a buy rating to a hold rating in a research note on Friday, December 28th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $85.10.

OSIS traded up $1.22 during trading on Wednesday, hitting $76.56. The company had a trading volume of 82,347 shares, compared to its average volume of 137,081. The stock has a market capitalization of $1.33 billion, a P/E ratio of 21.21, a P/E/G ratio of 1.50 and a beta of 0.90. OSI Systems has a one year low of $50.50 and a one year high of $82.94. The company has a current ratio of 1.37, a quick ratio of 0.70 and a debt-to-equity ratio of 0.51.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings data on Thursday, October 25th. The technology company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.61 by $0.20. OSI Systems had a negative net margin of 2.72% and a positive return on equity of 14.08%. The business had revenue of $266.25 million for the quarter, compared to analysts’ expectations of $246.87 million. During the same period in the previous year, the firm posted $0.79 EPS. On average, equities research analysts predict that OSI Systems will post 3.9 EPS for the current fiscal year.

In other news, CFO Alan I. Edrick sold 40,000 shares of the business’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $72.07, for a total transaction of $2,882,800.00. Following the transaction, the chief financial officer now directly owns 270,906 shares in the company, valued at approximately $19,524,195.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Deepak Chopra sold 3,800 shares of the business’s stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $73.27, for a total transaction of $278,426.00. Following the transaction, the chief executive officer now owns 626,423 shares in the company, valued at $45,898,013.21. The disclosure for this sale can be found here. Insiders sold a total of 55,478 shares of company stock worth $4,001,887 over the last quarter. Company insiders own 8.60% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in OSIS. Renaissance Technologies LLC increased its stake in shares of OSI Systems by 277.0% during the 2nd quarter. Renaissance Technologies LLC now owns 69,016 shares of the technology company’s stock worth $5,337,000 after purchasing an additional 50,708 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of OSI Systems during the 3rd quarter worth about $3,745,000. Man Group plc acquired a new position in shares of OSI Systems during the 3rd quarter worth about $3,352,000. Granahan Investment Management Inc. MA increased its stake in shares of OSI Systems by 13.7% during the 2nd quarter. Granahan Investment Management Inc. MA now owns 354,561 shares of the technology company’s stock worth $27,418,000 after purchasing an additional 42,716 shares during the last quarter. Finally, Vident Investment Advisory LLC acquired a new position in shares of OSI Systems during the 3rd quarter worth about $2,246,000. Institutional investors own 98.63% of the company’s stock.

About OSI Systems

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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Analyst Recommendations for OSI Systems (NASDAQ:OSIS)

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