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

OSI Systems (NASDAQ:OSIS) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday.

Several other analysts also recently commented on OSIS. Wells Fargo & Company raised their price objective on OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Oppenheimer increased their target price on OSI Systems from $205.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Roth Mkm increased their price objective on shares of OSI Systems from $178.00 to $224.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Finally, B. Riley boosted their price objective on shares of OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $209.40.

OSI Systems Trading Up 0.4 %

NASDAQ OSIS traded up $0.91 on Monday, reaching $211.67. The company had a trading volume of 84,096 shares, compared to its average volume of 230,907. The company has a quick ratio of 1.25, a current ratio of 1.88 and a debt-to-equity ratio of 0.56. OSI Systems has a 52 week low of $126.57 and a 52 week high of $212.00. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of 27.24, a PEG ratio of 1.74 and a beta of 1.19. The stock’s 50 day moving average is $181.45 and its 200-day moving average is $160.00.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings data on Thursday, January 23rd. The technology company reported $2.42 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.08. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. Equities analysts predict that OSI Systems will post 9.22 earnings per share for the current year.

Insider Transactions at OSI Systems

In other news, insider Manoocher M. Aliabadi sold 1,728 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $180.39, for a total value of $311,713.92. Following the completion of the transaction, the insider now owns 80,603 shares in the company, valued at $14,539,975.17. This trade represents a 2.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul Keith Morben sold 155 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $199.36, for a total value of $30,900.80. Following the completion of the transaction, the insider now owns 10,077 shares of the company’s stock, valued at approximately $2,008,950.72. This represents a 1.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,447 shares of company stock valued at $5,519,962 in the last ninety days. 5.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On OSI Systems

Large investors have recently modified their holdings of the stock. FMR LLC grew its position in shares of OSI Systems by 4,891.4% in the third quarter. FMR LLC now owns 644,396 shares of the technology company’s stock valued at $97,839,000 after purchasing an additional 631,486 shares during the last quarter. Capital International Investors bought a new stake in OSI Systems in the 4th quarter valued at $97,258,000. Mawer Investment Management Ltd. acquired a new position in OSI Systems in the 4th quarter valued at $63,171,000. Brown Advisory Inc. bought a new position in OSI Systems during the 4th quarter worth $45,618,000. Finally, World Investment Advisors LLC acquired a new stake in shares of OSI Systems during the third quarter worth $16,713,000. 89.21% of the stock is owned by institutional investors.

OSI Systems Company Profile

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.