Zacks Investment Research upgraded shares of OSI Systems (NASDAQ:OSIS) from a hold rating to a buy rating in a research report report published on Tuesday morning. Zacks Investment Research currently has $86.00 price target on the technology company’s stock.

According to Zacks, “OSI Systems is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications in the homeland security, healthcare, defense and aerospace industries. The Company combines more than 40 years of electronics engineering and manufacturing experience with offices and production facilities in more than a dozen countries to implement a strategy of expansion into selective end product markets. Their Research and Development teams are focused on expanding and enhancing their product portfolios and delivering breakthrough technology solutions and are making technological advances designed to keep pace with their rapidly changing marketplace. They have three operating divisions: Security division, Healthcare division & Optoelectronics & Manufacturing division. “

Several other analysts also recently weighed in on OSIS. ValuEngine downgraded OSI Systems from a hold rating to a sell rating in a research note on Wednesday, May 2nd. BidaskClub raised shares of OSI Systems from a hold rating to a buy rating in a research report on Wednesday, May 9th. Sidoti cut shares of OSI Systems from a buy rating to a neutral rating in a research report on Thursday, June 21st. B. Riley increased their price target on shares of OSI Systems from $81.00 to $92.50 and gave the stock a buy rating in a research report on Friday, August 24th. Finally, Roth Capital increased their price target on shares of OSI Systems from $77.00 to $89.00 and gave the stock a buy rating in a research report on Friday, August 24th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $84.38.

Shares of OSI Systems stock opened at $78.51 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.47 and a quick ratio of 0.76. The stock has a market cap of $1.39 billion, a PE ratio of 21.16, a price-to-earnings-growth ratio of 1.59 and a beta of 0.86. OSI Systems has a 1-year low of $50.50 and a 1-year high of $96.64.

OSI Systems (NASDAQ:OSIS) last announced its earnings results on Thursday, August 23rd. The technology company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.08. The company had revenue of $287.33 million during the quarter, compared to the consensus estimate of $274.13 million. OSI Systems had a positive return on equity of 13.55% and a negative net margin of 2.67%. The company’s revenue was up 13.8% on a year-over-year basis. During the same period last year, the firm earned $1.02 earnings per share. analysts predict that OSI Systems will post 3.87 EPS for the current fiscal year.

In other news, VP Ajay Mehra sold 14,572 shares of the stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $73.54, for a total transaction of $1,071,624.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 7.60% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Sun Life Financial INC bought a new position in OSI Systems in the second quarter worth about $121,000. Xact Kapitalforvaltning AB bought a new position in OSI Systems in the first quarter worth about $200,000. SG Americas Securities LLC bought a new position in OSI Systems in the first quarter worth about $215,000. NJ State Employees Deferred Compensation Plan bought a new position in OSI Systems in the second quarter worth about $232,000. Finally, Pillar Pacific Capital Management LLC bought a new position in OSI Systems in the second quarter worth about $234,000. 99.20% of the stock is currently owned by institutional investors and hedge funds.

OSI Systems Company Profile

OSI Systems, Inc designs, manufactures, and sells electronic systems and components worldwide. The company's Security segment provides 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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