Benchmark Co. Reiterates “Buy” Rating for OSI Systems Inc. (OSIS)
OSI Systems Inc. (NASDAQ:OSIS)‘s stock had its “buy” rating reiterated by analysts at Benchmark Co. in a research report issued on Monday. They presently have a $75.00 target price on the stock. Benchmark Co.’s target price suggests a potential upside of 14.71% from the stock’s current price.
A number of other equities analysts have also commented on the stock. CJS Securities started coverage on shares of OSI Systems in a research report on Tuesday, June 14th. They issued a “market outperform” rating and a $68.00 price target on the stock. Zacks Investment Research upgraded shares of OSI Systems from a “strong sell” rating to a “buy” rating and set a $62.00 target price on the stock in a research report on Wednesday, June 29th. B. Riley reiterated a “buy” rating and set a $72.00 target price on shares of OSI Systems in a research report on Tuesday, September 13th. Finally, Roth Capital reiterated a “buy” rating on shares of OSI Systems in a research report on Sunday, June 26th. Seven analysts have rated the stock with a buy rating, OSI Systems has a consensus rating of “Buy” and a consensus price target of $74.67.
OSI Systems (NASDAQ:OSIS) traded up 1.41% on Monday, reaching $66.30. 38,417 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $65.87 and its 200 day moving average price is $59.45. OSI Systems has a 52-week low of $48.19 and a 52-week high of $96.75. The firm has a market capitalization of $1.26 billion, a PE ratio of 51.00 and a beta of 1.18.
OSI Systems (NASDAQ:OSIS) last released its quarterly earnings results on Tuesday, August 16th. The company reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.03. The firm had revenue of $221.47 million for the quarter, compared to analyst estimates of $232.32 million. OSI Systems had a net margin of 3.15% and a return on equity of 7.69%. The company’s revenue for the quarter was down 16.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.22 earnings per share. On average, analysts predict that OSI Systems will post $2.64 EPS for the current fiscal year.
In related news, Director Steven C. Good sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $63.35, for a total transaction of $190,050.00. Following the completion of the sale, the director now directly owns 23,725 shares of the company’s stock, valued at $1,502,978.75. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 7.70% of the company’s stock.
Several large investors have recently bought and sold shares of the company. DekaBank Deutsche Girozentrale increased its stake in OSI Systems by 100.0% in the second quarter. DekaBank Deutsche Girozentrale now owns 2,000 shares of the company’s stock worth $112,000 after buying an additional 1,000 shares during the period. Teacher Retirement System of Texas increased its stake in OSI Systems by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 2,629 shares of the company’s stock worth $153,000 after buying an additional 321 shares during the period. Mizuho Asset Management Co. Ltd. acquired a new stake in OSI Systems during the second quarter worth $187,000. Mason Street Advisors LLC purchased a new stake in shares of OSI Systems during the second quarter valued at approximately $200,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of OSI Systems during the second quarter valued at approximately $205,000. 93.45% of the stock is owned by institutional investors and hedge funds.
OSI Systems Company Profile
OSI Systems, Inc 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. The Company has three operating divisions: Security, Healthcare, and Optoelectronics and Manufacturing.
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