Shares of OSI Systems, Inc. (NASDAQ:OSIS) have been assigned a consensus rating of “Hold” from the seven research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $88.75.
Several analysts recently issued reports on the stock. BidaskClub raised shares of OSI Systems from a “strong sell” rating to a “sell” rating in a report on Thursday, February 8th. Zacks Investment Research raised shares of OSI Systems from a “sell” rating to a “hold” rating in a report on Tuesday, February 6th. Roth Capital decreased their price objective on shares of OSI Systems from $106.00 to $78.00 and set a “buy” rating for the company in a report on Friday, February 2nd. Jefferies Group downgraded shares of OSI Systems from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $79.00 to $70.00 in a report on Friday, February 2nd. They noted that the move was a valuation call. Finally, B. Riley reaffirmed a “buy” rating and set a $108.00 price objective on shares of OSI Systems in a report on Thursday, January 25th.
In related news, Director Meyer/ Luskin purchased 20,000 shares of OSI Systems stock in a transaction on Tuesday, February 6th. The stock was purchased at an average cost of $56.79 per share, with a total value 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 SEC, which is available at this link. 7.60% of the stock is owned by corporate insiders.
Institutional investors have recently modified their holdings of the business. Advisor Group Inc. boosted its holdings in OSI Systems by 6.9% in the 2nd quarter. Advisor Group Inc. now owns 1,602 shares of the technology company’s stock valued at $121,000 after purchasing an additional 104 shares during the period. Cubist Systematic Strategies LLC bought a new stake in OSI Systems in the 3rd quarter valued at $165,000. Nine Chapters Capital Management LLC bought a new stake in OSI Systems in the 3rd quarter valued at $201,000. Magnetar Financial LLC bought a new stake in OSI Systems in the 3rd quarter valued at $204,000. Finally, Icon Advisers Inc. Co. bought a new stake in OSI Systems in the 3rd quarter valued at $210,000.
Shares of OSI Systems (NASDAQ:OSIS) opened at $63.08 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.96 and a current ratio of 1.55. The stock has a market cap of $1,149.72, a price-to-earnings ratio of -54.85, a P/E/G ratio of 1.28 and a beta of 0.88. OSI Systems has a 1-year low of $50.50 and a 1-year high of $96.64.
OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings data on Thursday, February 1st. The technology company reported $0.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.08. The business had revenue of $277.53 million during the quarter, compared to the consensus estimate of $263.77 million. OSI Systems had a negative net margin of 2.06% and a positive return on equity of 12.78%. OSI Systems’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 EPS. analysts anticipate that OSI Systems will post 3.5 earnings per share for the current year.
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About OSI Systems
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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