OSI Systems (NASDAQ:OSIS) Cut to Hold at StockNews.com

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

Separately, Roth Mkm upped their price target on shares of OSI Systems from $169.00 to $172.00 and gave the company a buy rating in a report on Friday, April 26th.

OSI Systems Stock Down 3.4 %

OSI Systems stock opened at $131.44 on Friday. The stock has a market capitalization of $2.24 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 1.52 and a beta of 0.98. OSI Systems has a twelve month low of $103.04 and a twelve month high of $144.11. The company has a quick ratio of 0.89, a current ratio of 1.47 and a debt-to-equity ratio of 0.16. The company has a 50 day moving average of $135.68 and a 200-day moving average of $127.71.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings results on Thursday, April 25th. The technology company reported $2.16 earnings per share for the quarter, beating the consensus estimate of $2.11 by $0.05. The company had revenue of $405.41 million during the quarter, compared to analysts’ expectations of $401.99 million. OSI Systems had a net margin of 8.56% and a return on equity of 18.10%. The business’s quarterly revenue was up 33.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.49 earnings per share. On average, equities research analysts anticipate that OSI Systems will post 8.08 EPS for the current fiscal year.

Insider Transactions at OSI Systems

In other OSI Systems news, General Counsel Victor S. Sze sold 15,000 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $130.21, for a total transaction of $1,953,150.00. Following the sale, the general counsel now directly owns 63,116 shares of the company’s stock, valued at $8,218,334.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.60% of the stock is currently owned by insiders.

Institutional Trading of OSI Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. West Paces Advisors Inc. bought a new stake in OSI Systems during the first quarter worth $28,000. Global Retirement Partners LLC raised its position in OSI Systems by 1,021.1% during the first quarter. Global Retirement Partners LLC now owns 213 shares of the technology company’s stock worth $30,000 after acquiring an additional 194 shares in the last quarter. Parkside Financial Bank & Trust raised its position in 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. Quest Partners LLC bought a new stake in OSI Systems during the fourth quarter worth $53,000. Finally, International Assets Investment Management LLC raised its position in shares of OSI Systems by 3,585.7% in the fourth quarter. International Assets Investment Management LLC now owns 516 shares of the technology company’s stock valued at $67,000 after purchasing an additional 502 shares during the period. 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.