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

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. “

How to Become a New Pot Stock Millionaire

Several other research firms also recently issued reports on OSIS. BidaskClub downgraded OSI Systems from a “sell” rating to a “strong sell” rating in a report on Saturday, January 20th. TheStreet downgraded OSI Systems from a “b-” rating to a “c+” rating in a report on Monday, January 22nd. Jefferies Group downgraded OSI Systems from a “buy” rating to a “hold” rating and cut their price objective for the company from $79.00 to $70.00 in a report on Friday, February 2nd. They noted that the move was a valuation call. B. Riley reiterated a “buy” rating and issued a $108.00 price objective on shares of OSI Systems in a report on Thursday, January 25th. Finally, Sidoti assumed coverage on OSI Systems in a report on Wednesday, February 21st. They issued a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. OSI Systems has a consensus rating of “Buy” and a consensus price target of $86.00.

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

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

OSI Systems announced that its Board of Directors has authorized a stock buyback program on Tuesday, March 6th that authorizes the company to buyback 1,000,000 outstanding shares. This buyback authorization authorizes the technology company to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

In related news, Director Meyer/ Luskin purchased 20,000 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were bought at an average price of $56.79 per share, for a total transaction of $1,135,800.00. Following the acquisition, the director now directly owns 10,376 shares in the company, valued at $589,253.04. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 7.60% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Cubist Systematic Strategies LLC purchased a new stake in OSI Systems during the 3rd quarter worth about $165,000. Magnetar Financial LLC purchased a new stake in OSI Systems during the 3rd quarter worth about $204,000. Icon Advisers Inc. Co. purchased a new stake in OSI Systems during the 3rd quarter worth about $210,000. Amalgamated Bank purchased a new stake in OSI Systems during the 3rd quarter worth about $218,000. Finally, Aperio Group LLC purchased a new stake in OSI Systems during the 3rd quarter worth about $226,000.

TRADEMARK VIOLATION WARNING: “OSI Systems (OSIS) Rating Lowered to Hold at Zacks Investment Research” was published by Watch List News and is the sole property of of Watch List News. If you are viewing this report on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The legal version of this report can be accessed at https://www.watchlistnews.com/osi-systems-osis-rating-lowered-to-hold-at-zacks-investment-research/1959255.html.

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.

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