OSI Systems (NASDAQ:OSIS) Upgraded to “Buy” by BidaskClub

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BidaskClub upgraded shares of OSI Systems (NASDAQ:OSIS) from a hold rating to a buy rating in a research note released on Friday, BidAskClub reports.

OSIS has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of OSI Systems from a hold rating to a strong-buy rating and set a $118.00 price target on the stock in a report on Friday, May 3rd. Roth Capital raised their price target on shares of OSI Systems from $97.00 to $122.00 and gave the company a buy rating in a report on Wednesday, May 1st. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $107.00.

OSI Systems stock opened at $106.40 on Friday. The company has a market cap of $1.98 billion, a P/E ratio of 29.47, a P/E/G ratio of 1.91 and a beta of 0.87. The firm’s fifty day simple moving average is $112.76. The company has a quick ratio of 0.85, a current ratio of 1.55 and a debt-to-equity ratio of 0.49. OSI Systems has a 1-year low of $67.15 and a 1-year high of $117.21.

In other news, General Counsel Victor S. Sze sold 20,000 shares of the firm’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $104.17, for a total transaction of $2,083,400.00. Following the transaction, the general counsel now owns 153,404 shares in the company, valued at approximately $15,980,094.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.60% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the stock. Marshall Wace North America L.P. acquired a new position in OSI Systems in the 1st quarter valued at $35,000. Vigilant Capital Management LLC acquired a new stake in OSI Systems in the 2nd quarter worth $38,000. Quadrant Capital Group LLC grew its position in OSI Systems by 729.5% in the 1st quarter. Quadrant Capital Group LLC now owns 730 shares of the technology company’s stock worth $60,000 after purchasing an additional 642 shares during the last quarter. Cutler Group LP grew its position in OSI Systems by 55.1% in the 1st quarter. Cutler Group LP now owns 844 shares of the technology company’s stock worth $73,000 after purchasing an additional 300 shares during the last quarter. Finally, AdvisorNet Financial Inc grew its position in OSI Systems by 457.0% in the 2nd quarter. AdvisorNet Financial Inc now owns 1,114 shares of the technology company’s stock worth $125,000 after purchasing an additional 914 shares during the last quarter. Institutional investors and hedge funds own 97.02% of the company’s stock.

About OSI Systems

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

Read More: P/E Growth (PEG)

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