OSI Systems (NASDAQ:OSIS) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Several other equities research analysts have also weighed in on the company. Sidoti started coverage on OSI Systems in a research report on Wednesday, February 21st. They set a “buy” rating on the stock. Jefferies Group lowered OSI Systems from a “buy” rating to a “hold” rating and cut their target price for the stock from $79.00 to $70.00 in a research report on Friday, February 2nd. They noted that the move was a valuation call. TheStreet lowered OSI Systems from a “b-” rating to a “c+” rating in a research report on Monday, January 22nd. B. Riley reissued a “buy” rating and set a $108.00 target price on shares of OSI Systems in a research report on Thursday, January 25th. Finally, Zacks Investment Research raised OSI Systems from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a research report on Wednesday, December 27th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $86.00.

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Shares of OSI Systems (NASDAQ OSIS) opened at $65.24 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.55 and a quick ratio of 0.96. The stock has a market capitalization of $1,278.87, a PE ratio of -56.73, a price-to-earnings-growth ratio of 1.42 and a beta of 0.89. OSI Systems has a 12-month low of $50.50 and a 12-month high of $96.64.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings results on Thursday, February 1st. The technology company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.08. The company had revenue of $277.53 million for the quarter, compared to analyst estimates of $263.77 million. OSI Systems had a positive return on equity of 12.78% and a negative net margin of 2.06%. OSI Systems’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.68 EPS. equities research analysts expect that OSI Systems will post 3.5 earnings per share for the current fiscal year.

OSI Systems announced that its Board of Directors has authorized a stock repurchase program on Tuesday, March 6th that allows the company to buyback 1,000,000 outstanding shares. This buyback authorization allows the technology company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.

In other OSI Systems news, Director Meyer/ Luskin bought 20,000 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were acquired at an average price of $56.79 per share, with a total value of $1,135,800.00. Following the transaction, the director now owns 10,376 shares of the company’s stock, valued at $589,253.04. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 7.60% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC purchased a new position in OSI Systems during the 3rd quarter worth approximately $165,000. Magnetar Financial LLC purchased a new position in OSI Systems during the 3rd quarter worth approximately $204,000. Icon Advisers Inc. Co. purchased a new position in OSI Systems during the 3rd quarter worth approximately $210,000. Amalgamated Bank purchased a new position in OSI Systems during the 3rd quarter worth approximately $218,000. Finally, Aperio Group LLC purchased a new position in OSI Systems during the 3rd quarter worth approximately $226,000.

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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.

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