OSI Systems Inc. (OSIS) Given Average Recommendation of “Buy” by Brokerages
OSI Systems Inc. (NASDAQ:OSIS) has earned a consensus rating of “Buy” from the seven research firms that are presently covering the stock. Seven research analysts have rated the stock with a buy rating. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $69.40.
A number of brokerages have recently weighed in on OSIS. B. Riley reissued a “buy” rating and set a $66.50 price objective on shares of OSI Systems in a research note on Monday, August 22nd. Benchmark Co. restated a “buy” rating and set a $75.00 target price on shares of OSI Systems in a research report on Monday, October 3rd. 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. Finally, Roth Capital restated a “buy” rating on shares of OSI Systems in a research report on Sunday, June 26th.
OSI Systems (NASDAQ:OSIS) traded up 0.19% during mid-day trading on Wednesday, hitting $67.11. The stock had a trading volume of 39,752 shares. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 51.62 and a beta of 1.18. The company has a 50 day moving average price of $66.15 and a 200-day moving average price of $59.61. OSI Systems has a one year low of $48.19 and a one year high of $96.75.
OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings data on Tuesday, August 16th. The company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.03. OSI Systems had a net margin of 3.15% and a return on equity of 7.69%. The business earned $221.47 million during the quarter, compared to analysts’ expectations of $232.32 million. During the same period last year, the company posted $1.22 EPS. The company’s revenue was down 16.9% on a year-over-year basis. Equities analysts expect that OSI Systems will post $2.64 earnings per share for the current fiscal year.
In other OSI Systems news, Director Steven C. Good sold 3,000 shares of OSI Systems stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $63.35, for a total value of $190,050.00. Following the transaction, the director now owns 23,725 shares in the company, valued at approximately $1,502,978.75. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 7.70% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in OSIS. BNP Paribas Arbitrage SA raised its position in shares of OSI Systems by 38.3% in the second quarter. BNP Paribas Arbitrage SA now owns 28,688 shares of the company’s stock worth $1,668,000 after buying an additional 7,950 shares during the period. Alambic Investment Management L.P. raised its position in shares of OSI Systems by 97.4% in the second quarter. Alambic Investment Management L.P. now owns 8,150 shares of the company’s stock worth $474,000 after buying an additional 4,022 shares during the period. Teachers Advisors Inc. raised its position in shares of OSI Systems by 1.9% in the first quarter. Teachers Advisors Inc. now owns 29,570 shares of the company’s stock worth $1,937,000 after buying an additional 542 shares during the period. William Blair Investment Management LLC raised its position in shares of OSI Systems by 1.1% in the second quarter. William Blair Investment Management LLC now owns 127,494 shares of the company’s stock worth $7,411,000 after buying an additional 1,365 shares during the period. Finally, Capstone Asset Management Co. raised its position in shares of OSI Systems by 5.1% in the second quarter. Capstone Asset Management Co. now owns 6,640 shares of the company’s stock worth $386,000 after buying an additional 320 shares during the period. Institutional investors own 93.44% of the company’s stock.
About OSI Systems
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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