OSI Systems, Inc. (NASDAQ:OSIS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.

According to Zacks, “OSI Systems is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications in the homeland security, healthcare, defense and aerospace industries. The Company combines more than 40 years of electronics engineering and manufacturing experience with offices and production facilities in more than a dozen countries to implement a strategy of expansion into selective end product markets. Their Research and Development teams are focused on expanding and enhancing their product portfolios and delivering breakthrough technology solutions and are making technological advances designed to keep pace with their rapidly changing marketplace. They have three operating divisions: Security division, Healthcare division & Optoelectronics & Manufacturing division. “

Several other research firms have also issued reports on OSIS. Jefferies Group LLC lifted their price target on shares of OSI Systems from $85.00 to $93.00 and gave the stock a “buy” rating in a research report on Friday, August 25th. TheStreet upgraded shares of OSI Systems from a “c+” rating to a “b-” rating in a research report on Thursday, August 10th. BidaskClub lowered shares of OSI Systems from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Roth Capital restated a “buy” rating and issued a $97.00 price target on shares of OSI Systems in a research report on Tuesday, August 29th. Finally, B. Riley restated a “buy” rating and issued a $108.00 price target on shares of OSI Systems in a research report on Tuesday, October 24th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $98.17.

OSI Systems (NASDAQ:OSIS) last announced its earnings results on Thursday, October 26th. The technology company reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.08. The firm had revenue of $257.13 million for the quarter, compared to analysts’ expectations of $248.52 million. OSI Systems had a return on equity of 11.68% and a net margin of 3.06%. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.44 earnings per share.

TRADEMARK VIOLATION WARNING: “OSI Systems, Inc. (OSIS) Rating Lowered to Hold at Zacks Investment Research” was posted by Watch List News and is the property of of Watch List News. If you are viewing this article on another website, it was stolen and republished in violation of US & international copyright and trademark laws. The original version of this article can be read at https://www.watchlistnews.com/osi-systems-inc-osis-rating-lowered-to-hold-at-zacks-investment-research/1675317.html.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Riverhead Capital Management LLC grew its position in OSI Systems by 95.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,566 shares of the technology company’s stock worth $118,000 after purchasing an additional 766 shares in the last quarter. Advisor Group Inc. grew its position in OSI Systems by 6.9% during the 2nd quarter. Advisor Group Inc. now owns 1,602 shares of the technology company’s stock worth $121,000 after purchasing an additional 104 shares in the last quarter. Victory Capital Management Inc. grew its position in OSI Systems by 138.6% during the 1st quarter. Victory Capital Management Inc. now owns 1,868 shares of the technology company’s stock worth $136,000 after purchasing an additional 1,085 shares in the last quarter. Nine Chapters Capital Management LLC purchased a new position in OSI Systems during the 3rd quarter worth approximately $201,000. Finally, Aperio Group LLC purchased a new position in OSI Systems during the 3rd quarter worth approximately $226,000. Hedge funds and other institutional investors own 99.66% of the company’s stock.

OSI Systems Company Profile

OSI Systems, Inc, through its subsidiaries, is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications. The Company sells its products and provides related services in diversified markets, including homeland security, healthcare, defense and aerospace.

Analyst Recommendations for OSI Systems (NASDAQ:OSIS)

Receive News & Ratings for OSI Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OSI Systems Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.