OSI Systems (NASDAQ:OSIS) Lifted to “Buy” at StockNews.com

OSI Systems (NASDAQ:OSIS) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

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

OSI Systems Stock Performance

OSIS stock traded up $1.69 during trading on Friday, reaching $135.54. 95,199 shares of the stock were exchanged, compared to its average volume of 91,612. OSI Systems has a twelve month low of $99.11 and a twelve month high of $144.11. The company has a market capitalization of $2.31 billion, a P/E ratio of 20.57, a price-to-earnings-growth ratio of 1.52 and a beta of 0.98. The stock has a 50 day simple moving average of $135.44 and a 200-day simple moving average of $126.72. The company has a current ratio of 1.43, a quick ratio of 0.80 and a debt-to-equity ratio of 0.17.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings data on Thursday, January 25th. The technology company reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.47. The company had revenue of $373.20 million for the quarter, compared to the consensus estimate of $364.29 million. OSI Systems had a return on equity of 17.35% and a net margin of 8.31%. The company’s quarterly revenue was up 26.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.19 earnings per share. As a group, sell-side analysts anticipate that OSI Systems will post 8.03 earnings per share for the current year.

Insider Activity

In other news, General Counsel Victor S. Sze sold 15,000 shares of OSI Systems stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $131.22, for a total value of $1,968,300.00. Following the completion of the transaction, the general counsel now owns 78,116 shares in the company, valued at $10,250,381.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, General Counsel Victor S. Sze sold 15,000 shares of OSI Systems stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $131.22, for a total value of $1,968,300.00. Following the completion of the transaction, the general counsel now owns 78,116 shares in the company, valued at $10,250,381.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $129.11, for a total transaction of $2,582,200.00. Following the completion of the transaction, the chief executive officer now owns 468,615 shares of the company’s stock, valued at approximately $60,502,882.65. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,000 shares of company stock worth $6,503,650. Insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of OSIS. Envestnet Asset Management Inc. raised its position in OSI Systems by 7,525.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 449,281 shares of the technology company’s stock worth $332,000 after purchasing an additional 443,389 shares during the last quarter. Norges Bank bought a new position in OSI Systems in the 4th quarter worth approximately $14,044,000. Vanguard Group Inc. raised its position in OSI Systems by 5.4% in the 4th quarter. Vanguard Group Inc. now owns 2,097,875 shares of the technology company’s stock worth $270,731,000 after purchasing an additional 107,383 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in OSI Systems by 112.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 182,820 shares of the technology company’s stock worth $21,580,000 after purchasing an additional 96,641 shares during the last quarter. Finally, SG Capital Management LLC raised its position in shares of OSI Systems by 2,952.6% during the 4th quarter. SG Capital Management LLC now owns 75,919 shares of the technology company’s stock valued at $9,797,000 after acquiring an additional 73,432 shares during the last quarter. Institutional investors own 89.21% of the company’s stock.

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.