OSI Systems Inc. (NASDAQ:OSIS) has earned a consensus recommendation of “Buy” from the seven research firms that are presently covering the company. Seven analysts have rated the stock with a buy recommendation. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $69.40.
OSIS has been the topic of a number of recent research reports. Benchmark Co. reaffirmed a “buy” rating and issued a $75.00 target price on shares of OSI Systems in a report on Monday, October 3rd. B. Riley reaffirmed a “buy” rating and issued a $72.00 target price on shares of OSI Systems in a report on Sunday, September 18th. Zacks Investment Research raised 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 report on Wednesday, June 29th. Finally, Roth Capital reaffirmed a “buy” rating on shares of OSI Systems in a report on Sunday, June 26th.
OSI Systems (NASDAQ:OSIS) opened at 66.63 on Wednesday. The stock has a market capitalization of $1.26 billion, a P/E ratio of 51.25 and a beta of 1.18. OSI Systems has a 12-month low of $48.19 and a 12-month high of $96.75. The firm’s 50-day moving average is $66.00 and its 200 day moving average is $59.74.
OSI Systems (NASDAQ:OSIS) last announced its earnings results on Tuesday, August 16th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. The business had revenue of $221.47 million for the quarter, compared to analysts’ expectations of $232.32 million. OSI Systems had a net margin of 3.15% and a return on equity of 7.69%. The company’s quarterly revenue was down 16.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.22 EPS. Equities analysts expect that OSI Systems will post $2.64 EPS for the current year.
In other OSI Systems news, Director Steven C. Good sold 3,000 shares of the business’s 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 directly owns 23,725 shares of the company’s stock, valued at approximately $1,502,978.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 7.70% of the stock is currently owned by company insiders.
Several large investors have recently modified their holdings of the company. Royal Bank of Canada raised its stake in shares of OSI Systems by 34.3% in the first quarter. Royal Bank of Canada now owns 7,368 shares of the company’s stock valued at $483,000 after buying an additional 1,882 shares during the last quarter. A.R.T. Advisors LLC bought a new stake in shares of OSI Systems during the first quarter valued at approximately $1,296,000. Envestnet Asset Management Inc. raised its stake in shares of OSI Systems by 2.9% in the first quarter. Envestnet Asset Management Inc. now owns 23,238 shares of the company’s stock valued at $1,522,000 after buying an additional 650 shares during the last quarter. Granahan Investment Management Inc. MA raised its stake in shares of OSI Systems by 197.1% in the first quarter. Granahan Investment Management Inc. MA now owns 225,656 shares of the company’s stock valued at $14,778,000 after buying an additional 149,707 shares during the last quarter. Finally, Kennedy Capital Management Inc. raised its stake in shares of OSI Systems by 0.4% in the first quarter. Kennedy Capital Management Inc. now owns 93,565 shares of the company’s stock valued at $6,128,000 after buying an additional 416 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.
OSI Systems Company Profile
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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