OSI Systems, Inc. (NASDAQ:OSIS) Given Consensus Rating of “Moderate Buy” by Analysts

OSI Systems, Inc. (NASDAQ:OSIS) has been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $291.8571.

Several equities analysts recently weighed in on OSIS shares. Weiss Ratings downgraded OSI Systems from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 30th. Citigroup decreased their target price on OSI Systems from $345.00 to $279.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Roth Capital reissued a “buy” rating and issued a $310.00 target price on shares of OSI Systems in a report on Tuesday, May 5th. Finally, Bank of America cut their price target on OSI Systems from $315.00 to $300.00 and set a “buy” rating for the company in a research note on Monday, July 20th.

Hedge Funds Weigh In On OSI Systems

Several hedge funds have recently added to or reduced their stakes in the business. Global Retirement Partners LLC purchased a new position in OSI Systems during the 2nd quarter valued at about $328,000. State of Wyoming purchased a new stake in shares of OSI Systems in the second quarter valued at about $244,000. Wedge Capital Management L L P NC lifted its holdings in shares of OSI Systems by 7.9% in the second quarter. Wedge Capital Management L L P NC now owns 13,052 shares of the technology company’s stock valued at $2,854,000 after purchasing an additional 958 shares in the last quarter. Handelsbanken Fonder AB grew its position in shares of OSI Systems by 33.6% in the second quarter. Handelsbanken Fonder AB now owns 6,365 shares of the technology company’s stock valued at $1,392,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Fulton Bank N.A. acquired a new stake in shares of OSI Systems in the second quarter valued at approximately $408,000. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

OSI Systems Trading Up 0.9%

Shares of OSI Systems stock opened at $237.10 on Friday. OSI Systems has a 12-month low of $197.27 and a 12-month high of $311.72. The company has a current ratio of 3.25, a quick ratio of 2.42 and a debt-to-equity ratio of 1.12. The stock has a market cap of $3.91 billion, a PE ratio of 27.07, a price-to-earnings-growth ratio of 1.76 and a beta of 1.21. The company has a 50-day moving average of $217.98 and a two-hundred day moving average of $250.80.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings results on Monday, May 4th. The technology company reported $2.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.53 by $0.07. The company had revenue of $453.25 million during the quarter, compared to the consensus estimate of $449.23 million. OSI Systems had a net margin of 8.42% and a return on equity of 18.84%. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period last year, the firm earned $2.44 EPS. On average, research analysts anticipate that OSI Systems will post 10.4 EPS for the current fiscal year.

OSI Systems Company Profile

OSI Systems, Inc (NASDAQ: OSIS) is a publicly traded technology company founded in 1987 and headquartered in Hawthorne, California. The company designs, develops and manufactures advanced security and inspection systems, optoelectronic devices and medical imaging equipment. Over its history, OSI Systems has grown its product offerings through internal research and development as well as strategic acquisitions, expanding its capabilities in mission-critical sensing and inspection technologies.

OSI Systems operates three primary business segments.