OSI Systems, Inc. (OSIS) Downgraded by Zacks Investment Research

OSI Systems, Inc. (NASDAQ:OSIS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

According to Zacks, “OSI Systems is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications in the homeland security, healthcare, defense and aerospace industries. The Company combines more than 40 years of electronics engineering and manufacturing experience with offices and production facilities in more than a dozen countries to implement a strategy of expansion into selective end product markets. Their Research and Development teams are focused on expanding and enhancing their product portfolios and delivering breakthrough technology solutions and are making technological advances designed to keep pace with their rapidly changing marketplace. They have three operating divisions: Security division, Healthcare division & Optoelectronics & Manufacturing division. “

A number of other brokerages have also recently commented on OSIS. Jefferies Group LLC raised their price objective on shares of OSI Systems from $85.00 to $93.00 and gave the stock a “buy” rating in a research note on Friday, August 25th. TheStreet raised shares of OSI Systems from a “c+” rating to a “b-” rating in a research note on Thursday, August 10th. BidaskClub cut shares of OSI Systems from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Roth Capital reissued a “buy” rating and issued a $97.00 price target on shares of OSI Systems in a research note on Tuesday, August 29th. Finally, B. Riley reissued a “buy” rating and issued a $108.00 price target on shares of OSI Systems in a research note on Tuesday, October 24th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $98.17.

OSI Systems (NASDAQ:OSIS) opened at 88.38 on Wednesday. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 82.60 and a beta of 0.76. OSI Systems has a 52-week low of $66.00 and a 52-week high of $96.64. The firm has a 50 day moving average of $90.61 and a 200-day moving average of $81.34.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings data on Thursday, October 26th. The technology company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.08. The business had revenue of $257.13 million for the quarter, compared to analysts’ expectations of $248.52 million. OSI Systems had a net margin of 3.06% and a return on equity of 11.68%. The business’s revenue was up 16.8% on a year-over-year basis. During the same quarter last year, the company earned $0.44 EPS. Equities analysts expect that OSI Systems will post $3.49 EPS for the current year.

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A number of institutional investors have recently added to or reduced their stakes in OSIS. UBS Asset Management Americas Inc. grew its stake in OSI Systems by 119.2% in the 1st quarter. UBS Asset Management Americas Inc. now owns 5,917 shares of the technology company’s stock valued at $432,000 after acquiring an additional 3,218 shares during the period. Prudential Financial Inc. grew its stake in OSI Systems by 0.3% in the 1st quarter. Prudential Financial Inc. now owns 31,639 shares of the technology company’s stock valued at $2,309,000 after acquiring an additional 100 shares during the period. Stifel Financial Corp grew its stake in OSI Systems by 11.7% in the 1st quarter. Stifel Financial Corp now owns 3,631 shares of the technology company’s stock valued at $265,000 after acquiring an additional 380 shares during the period. Victory Capital Management Inc. grew its stake in OSI Systems by 138.6% in the 1st quarter. Victory Capital Management Inc. now owns 1,868 shares of the technology company’s stock valued at $136,000 after acquiring an additional 1,085 shares during the period. Finally, Municipal Employees Retirement System of Michigan grew its stake in OSI Systems by 1.5% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 4,140 shares of the technology company’s stock valued at $302,000 after acquiring an additional 60 shares during the period. 99.66% of the stock is currently owned by hedge funds and other institutional investors.

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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