OSI Systems Inc. (OSIS) Now Covered by Analysts at Drexel Hamilton
Research analysts at Drexel Hamilton assumed coverage on shares of OSI Systems Inc. (NASDAQ:OSIS) in a note issued to investors on Wednesday. The brokerage set a “buy” rating on the stock.
OSIS has been the subject of several other reports. B. Riley reiterated a “buy” rating and set a $72.00 price target on shares of OSI Systems in a report on Sunday, September 18th. Benchmark Co. upped their price target on shares of OSI Systems from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, August 17th. Finally, Zacks Investment Research downgraded shares of OSI Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 19th. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. OSI Systems presently has a consensus rating of “Buy” and an average target price of $79.17.
Shares of OSI Systems (NASDAQ:OSIS) opened at 75.01 on Wednesday. The company’s 50-day moving average price is $67.82 and its 200 day moving average price is $60.89. OSI Systems has a 52 week low of $48.19 and a 52 week high of $96.75. The firm has a market cap of $1.43 billion, a P/E ratio of 94.00 and a beta of 0.77.
OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings data on Thursday, October 27th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.36 by $0.08. OSI Systems had a net margin of 1.88% and a return on equity of 7.36%. The business earned $220.05 million during the quarter, compared to the consensus estimate of $191.54 million. During the same period in the previous year, the business earned $0.53 earnings per share. The company’s revenue was down .4% on a year-over-year basis. On average, equities analysts anticipate that OSI Systems will post $2.85 earnings per share for the current year.
In other OSI Systems news, Director Steven C. Good sold 3,000 shares of the company’s stock in a transaction 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 sale, the director now owns 23,725 shares of the company’s stock, valued at $1,502,978.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.50% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the stock. Credit Suisse AG boosted its stake in shares of OSI Systems by 7.6% in the third quarter. Credit Suisse AG now owns 445,889 shares of the company’s stock worth $29,152,000 after buying an additional 31,578 shares during the period. Verition Fund Management LLC purchased a new stake in shares of OSI Systems during the third quarter worth approximately $223,000. Mackenzie Financial Corp purchased a new stake in shares of OSI Systems during the third quarter worth approximately $4,248,000. Panagora Asset Management Inc. boosted its stake in shares of OSI Systems by 233.3% in the third quarter. Panagora Asset Management Inc. now owns 21,459 shares of the company’s stock worth $1,403,000 after buying an additional 15,020 shares during the period. Finally, Gotham Asset Management LLC purchased a new stake in shares of OSI Systems during the third quarter worth approximately $624,000. 92.47% of the stock is currently owned by institutional investors and hedge funds.
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.
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