OSI Systems (NASDAQ:OSIS) Downgraded by StockNews.com

StockNews.com downgraded shares of OSI Systems (NASDAQ:OSIS) from a buy rating to a hold rating in a research report report published on Wednesday morning.

Separately, Roth Mkm upped their price objective on OSI Systems from $165.00 to $169.00 and gave the company a buy rating in a research note on Friday, January 26th.

OSI Systems Trading Up 1.0 %

Shares of OSIS opened at $142.82 on Wednesday. The company has a market capitalization of $2.43 billion, a P/E ratio of 21.67, a P/E/G ratio of 1.60 and a beta of 0.97. OSI Systems has a one year low of $99.11 and a one year high of $144.03. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.80 and a current ratio of 1.43. The stock has a 50-day moving average price of $133.19 and a 200 day moving average price of $124.52.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings results on Thursday, January 25th. The technology company reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.47. OSI Systems had a return on equity of 17.35% and a net margin of 8.31%. The firm had revenue of $373.20 million during the quarter, compared to the consensus estimate of $364.29 million. During the same quarter in the prior year, the business posted $1.19 earnings per share. OSI Systems’s revenue for the quarter was up 26.3% on a year-over-year basis. Sell-side analysts forecast that OSI Systems will post 8.03 EPS for the current fiscal year.

Insider Transactions at OSI Systems

In related news, CEO Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $129.11, for a total value of $2,582,200.00. Following the sale, the chief executive officer now directly owns 468,615 shares in the company, valued at approximately $60,502,882.65. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $129.11, for a total value of $2,582,200.00. Following the sale, the chief executive officer now directly owns 468,615 shares in the company, valued at approximately $60,502,882.65. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Victor S. Sze sold 15,000 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $130.21, for a total value of $1,953,150.00. Following the transaction, the general counsel now directly owns 63,116 shares of the company’s stock, valued at $8,218,334.36. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,000 shares of company stock worth $6,503,650. 5.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On OSI Systems

Several large investors have recently modified their holdings of OSIS. Quantbot Technologies LP acquired a new stake in shares of OSI Systems in the second quarter worth $25,000. West Tower Group LLC acquired a new stake in shares of OSI Systems in the second quarter worth $33,000. Farther Finance Advisors LLC boosted its position in shares of OSI Systems by 1,272.0% in the second quarter. Farther Finance Advisors LLC now owns 343 shares of the technology company’s stock worth $40,000 after buying an additional 318 shares during the period. Parkside Financial Bank & Trust raised its holdings in shares of OSI Systems by 27.1% during the third quarter. Parkside Financial Bank & Trust now owns 422 shares of the technology company’s stock worth $50,000 after acquiring an additional 90 shares in the last quarter. Finally, Quest Partners LLC purchased a new stake in shares of OSI Systems during the fourth quarter worth $53,000. 89.21% of the stock is owned by institutional investors.

About OSI Systems

OSI Systems, Inc designs and manufactures electronic systems and components. It operates in 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 monitoring, explosive and narcotics trace detection systems, and optical inspection systems under the Rapiscan name.