OSI Systems (OSIS) Now Covered by Analysts at Sidoti

Sidoti initiated coverage on shares of OSI Systems (NASDAQ:OSIS) in a report released on Wednesday morning, The Fly reports. The firm issued a buy rating on the technology company’s stock.

A number of other equities analysts also recently issued reports on the stock. BidaskClub upgraded shares of OSI Systems from a strong sell rating to a sell rating in a research note on Thursday, February 8th. Zacks Investment Research upgraded shares of OSI Systems from a sell rating to a hold rating in a research note on Tuesday, February 6th. Roth Capital dropped their price objective on shares of OSI Systems from $106.00 to $78.00 and set a buy rating on the stock in a research note on Friday, February 2nd. Jefferies Group downgraded shares of OSI Systems from a buy rating to a hold rating and dropped their price objective for the company from $79.00 to $70.00 in a research note on Friday, February 2nd. They noted that the move was a valuation call. Finally, B. Riley restated a buy rating and issued a $108.00 target price on shares of OSI Systems in a research note on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The company currently has an average rating of Hold and an average price target of $85.80.

OSI Systems (NASDAQ:OSIS) opened at $64.00 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.96 and a current ratio of 1.55. OSI Systems has a one year low of $50.50 and a one year high of $96.64. The stock has a market cap of $1,200.32, a P/E ratio of 17.39, a PEG ratio of 1.34 and a beta of 0.88.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings data on Thursday, February 1st. The technology company reported $0.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.08. OSI Systems had a negative net margin of 2.06% and a positive return on equity of 12.78%. The firm had revenue of $277.53 million for the quarter, compared to the consensus estimate of $263.77 million. During the same period last year, the firm earned $0.68 earnings per share. The company’s quarterly revenue was up 14.4% on a year-over-year basis. 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 stock in a transaction on Tuesday, February 6th. The stock was bought at an average cost of $56.79 per share, for a total transaction of $1,135,800.00. Following the completion of the purchase, the director now directly owns 10,376 shares in the company, valued at $589,253.04. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 7.60% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in OSIS. Nationwide Fund Advisors boosted its stake in OSI Systems by 0.6% in the second quarter. Nationwide Fund Advisors now owns 12,294 shares of the technology company’s stock valued at $924,000 after acquiring an additional 74 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in OSI Systems by 66.0% in the second quarter. UBS Asset Management Americas Inc. now owns 9,825 shares of the technology company’s stock valued at $738,000 after acquiring an additional 3,908 shares in the last quarter. Northern Trust Corp boosted its stake in OSI Systems by 8.0% in the second quarter. Northern Trust Corp now owns 251,527 shares of the technology company’s stock valued at $18,902,000 after acquiring an additional 18,525 shares in the last quarter. Vanguard Group Inc. boosted its stake in OSI Systems by 1.5% in the second quarter. Vanguard Group Inc. now owns 1,631,054 shares of the technology company’s stock valued at $122,574,000 after acquiring an additional 24,385 shares in the last quarter. Finally, California Public Employees Retirement System boosted its stake in OSI Systems by 11.2% in the second quarter. California Public Employees Retirement System now owns 36,600 shares of the technology company’s stock valued at $2,750,000 after acquiring an additional 3,700 shares in the last quarter. Institutional investors own 97.53% 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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