Several other research analysts have also recently issued reports on OSIS. CJS Securities initiated coverage on OSI Systems in a report on Tuesday, June 14th. They issued a market outperform rating and a $68.00 price target on the stock. B. Riley reaffirmed a buy rating and issued a $65.00 price target on shares of OSI Systems in a report on Wednesday, June 22nd. Roth Capital reaffirmed a buy rating on shares of OSI Systems in a report on Sunday, June 26th. Finally, Zacks Investment Research raised OSI Systems from a strong sell rating to a buy rating and set a $62.00 price target on the stock in a report on Wednesday, June 29th. Seven analysts have rated the stock with a buy rating, The stock presently has an average rating of Buy and an average target price of $74.67.
OSI Systems (NASDAQ:OSIS) opened at 67.215 on Monday. The firm’s 50-day moving average price is $66.30 and its 200 day moving average price is $59.54. OSI Systems has a 52-week low of $48.19 and a 52-week high of $96.75. The stock has a market cap of $1.27 billion, a P/E ratio of 51.704 and a beta of 1.18.
OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings results on Tuesday, August 16th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The company had revenue of $221.47 million for the quarter, compared to analysts’ expectations of $232.32 million. OSI Systems had a return on equity of 7.69% and a net margin of 3.15%. The firm’s revenue was down 16.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.22 earnings per share. Equities analysts predict that OSI Systems will post $2.64 earnings per share for the current year.
In other news, Director Steven C. Good sold 3,000 shares of the company’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 $1,502,978.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 7.70% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of the company. Janus Capital Management LLC increased its position in OSI Systems by 5.5% in the second quarter. Janus Capital Management LLC now owns 1,586,759 shares of the company’s stock worth $92,238,000 after buying an additional 82,871 shares during the period. Dimensional Fund Advisors LP increased its position in OSI Systems by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 973,450 shares of the company’s stock worth $56,585,000 after buying an additional 3,067 shares during the period. State Street Corp increased its position in OSI Systems by 1.3% in the first quarter. State Street Corp now owns 401,494 shares of the company’s stock worth $26,297,000 after buying an additional 5,030 shares during the period. Neuberger Berman Group LLC increased its position in OSI Systems by 12.3% in the second quarter. Neuberger Berman Group LLC now owns 325,405 shares of the company’s stock worth $18,915,000 after buying an additional 35,633 shares during the period. Finally, Primecap Management Co. CA increased its position in OSI Systems by 1,881.3% in the second quarter. Primecap Management Co. CA now owns 317,000 shares of the company’s stock worth $18,427,000 after buying an additional 301,000 shares during the period. 93.45% of the stock is currently owned by institutional investors and hedge funds.
About OSI Systems
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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