OSI Systems (NASDAQ:OSIS) Cut to “Strong Sell” at BidaskClub

BidaskClub cut shares of OSI Systems (NASDAQ:OSIS) from a sell rating to a strong sell rating in a research note released on Wednesday, BidAskClub reports.

Several other research analysts also recently issued reports on OSIS. Zacks Investment Research upgraded shares of OSI Systems from a hold rating to a buy rating and set a $117.00 price target on the stock in a research report on Thursday, August 29th. ValuEngine downgraded shares of OSI Systems from a hold rating to a sell rating in a research report on Wednesday, October 2nd. Finally, B. Riley upped their target price on shares of OSI Systems from $113.00 to $119.00 and gave the company a buy rating in a research report on Tuesday, August 27th. Two investment analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $112.00.

NASDAQ OSIS traded up $0.43 on Wednesday, hitting $96.97. 82,341 shares of the company were exchanged, compared to its average volume of 152,352. The firm has a 50 day moving average of $103.25 and a two-hundred day moving average of $103.47. The company has a market cap of $1.76 billion, a P/E ratio of 22.45, a P/E/G ratio of 1.65 and a beta of 0.85. The company has a current ratio of 1.68, a quick ratio of 0.96 and a debt-to-equity ratio of 0.47. OSI Systems has a 1-year low of $67.15 and a 1-year high of $117.21.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings results on Monday, August 26th. The technology company reported $1.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.09. The business had revenue of $308.38 million for the quarter, compared to the consensus estimate of $304.13 million. OSI Systems had a net margin of 5.48% and a return on equity of 15.68%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.02 EPS. Research analysts anticipate that OSI Systems will post 4.7 EPS for the current fiscal year.

In other OSI Systems news, General Counsel Victor S. Sze sold 15,000 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $105.05, for a total transaction of $1,575,750.00. Following the transaction, the general counsel now directly owns 165,226 shares in the company, valued at approximately $17,356,991.30. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Deepak Chopra sold 35,000 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $106.54, for a total transaction of $3,728,900.00. Following the transaction, the insider now owns 549,530 shares in the company, valued at $58,546,926.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 128,332 shares of company stock worth $13,587,838. Corporate insiders own 8.60% of the company’s stock.

Several hedge funds have recently made changes to their positions in OSIS. Geode Capital Management LLC increased its stake in shares of OSI Systems by 5.2% in the 4th quarter. Geode Capital Management LLC now owns 193,127 shares of the technology company’s stock valued at $14,156,000 after acquiring an additional 9,618 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of OSI Systems by 384.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 21,034 shares of the technology company’s stock valued at $1,843,000 after acquiring an additional 16,695 shares during the last quarter. AlphaCrest Capital Management LLC bought a new stake in shares of OSI Systems in the 1st quarter valued at about $482,000. Neuberger Berman Group LLC increased its stake in shares of OSI Systems by 1.0% in the 1st quarter. Neuberger Berman Group LLC now owns 296,504 shares of the technology company’s stock valued at $25,970,000 after acquiring an additional 2,880 shares during the last quarter. Finally, GYL Financial Synergies LLC bought a new stake in shares of OSI Systems in the 1st quarter valued at about $747,000. 98.83% of the stock is owned by institutional investors.

OSI Systems Company Profile

OSI Systems, Inc designs, manufactures, and sells electronic systems and components worldwide. The company's Security segment offers baggage and parcel inspection, cargo and vehicle inspection, hold baggage and people screening, radiation detection, and explosive and narcotics trace detection systems under the Rapiscan Systems and AS&E names.

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