OSI Systems, Inc. (NASDAQ:OSIS) Stock Rating Upgraded by BidaskClub

OSI Systems, Inc. (NASDAQ:OSIS) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Thursday.

Several other research analysts also recently weighed in on OSIS. B. Riley reaffirmed a “buy” rating and set a $87.00 target price on shares of OSI Systems in a research note on Saturday, April 29th. Jefferies Group LLC reaffirmed a “buy” rating and set a $85.00 target price on shares of OSI Systems in a research note on Wednesday. Zacks Investment Research downgraded OSI Systems from a “buy” rating to a “hold” rating in a research note on Thursday, May 25th. Finally, Sidoti began coverage on OSI Systems in a research note on Wednesday, May 24th. They set a “buy” rating and a $99.00 target price for the company. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $87.50.

Shares of OSI Systems (OSIS) traded up 0.68% during midday trading on Thursday, reaching $80.14. 11,226 shares of the company’s stock were exchanged. The stock has a market cap of $1.50 billion, a P/E ratio of 61.69 and a beta of 0.79. The company’s 50-day moving average is $77.52 and its 200-day moving average is $75.75. OSI Systems has a one year low of $60.53 and a one year high of $82.26.

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Hedge funds have recently modified their holdings of the company. Teachers Advisors LLC boosted its stake in shares of OSI Systems by 3.0% in the fourth quarter. Teachers Advisors LLC now owns 28,770 shares of the technology company’s stock valued at $2,190,000 after buying an additional 843 shares during the last quarter. CWM LLC purchased a new stake in shares of OSI Systems during the first quarter valued at approximately $276,000. Louisiana State Employees Retirement System boosted its stake in shares of OSI Systems by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 7,400 shares of the technology company’s stock valued at $540,000 after buying an additional 100 shares during the last quarter. Legato Capital Management LLC boosted its stake in shares of OSI Systems by 7,199.0% in the first quarter. Legato Capital Management LLC now owns 44,597 shares of the technology company’s stock valued at $611,000 after buying an additional 43,986 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in shares of OSI Systems by 3.1% in the first quarter. State of Alaska Department of Revenue now owns 2,010 shares of the technology company’s stock valued at $146,000 after buying an additional 60 shares during the last quarter.

About OSI Systems

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.

Analyst Recommendations for OSI Systems (NASDAQ:OSIS)

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