OSI Systems (NASDAQ:OSIS) announced that its board has approved a share repurchase program, which allows the company to repurchase 1,000,000 outstanding shares on Tuesday, March 6th, EventVestor reports. This repurchase authorization allows the technology company to purchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

A number of analysts recently commented on OSIS shares. Sidoti started coverage on shares of OSI Systems in a report on Wednesday, February 21st. They issued a “buy” rating on the stock. B. Riley reissued a “buy” rating and issued a $108.00 target price on shares of OSI Systems in a research report on Thursday, January 25th. Jefferies Group downgraded shares of OSI Systems from a “buy” rating to a “hold” rating and dropped their target price for the stock from $79.00 to $70.00 in a research report on Friday, February 2nd. They noted that the move was a valuation call. Zacks Investment Research raised shares of OSI Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, February 6th. Finally, BidaskClub raised shares of OSI Systems from a “strong sell” rating to a “sell” rating in a research report on Friday, December 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $85.80.

OSI Systems (NASDAQ OSIS) opened at $68.46 on Monday. The firm has a market cap of $1,302.04, a P/E ratio of -59.53, a PEG ratio of 1.45 and a beta of 0.89. The company has a quick ratio of 0.96, a current ratio of 1.55 and a debt-to-equity ratio of 0.46. OSI Systems has a 1 year low of $50.50 and a 1 year high of $96.64.

OSI Systems (NASDAQ:OSIS) last released its earnings results on Thursday, February 1st. The technology company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.08. The business had revenue of $277.53 million for 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%. The firm’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period last year, the firm posted $0.68 earnings per share. research analysts predict that OSI Systems will post 3.5 EPS for the current year.

In other news, Director Meyer/ Luskin bought 20,000 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were acquired at an average cost of $56.79 per share, with a total value of $1,135,800.00. Following the completion of the transaction, the director now directly owns 10,376 shares in the company, valued at approximately $589,253.04. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 7.60% of the company’s stock.

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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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