Zacks Investment Research Upgrades OSI Systems, Inc. (OSIS) to “Buy”

OSI Systems, Inc. (NASDAQ:OSIS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday. The firm currently has a $102.00 price objective on the technology company’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 15.41% from the company’s current price.

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 analysts have also recently weighed in on OSIS. BidaskClub raised shares of OSI Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Jefferies Group LLC reaffirmed a “buy” rating and set a $85.00 price target on shares of OSI Systems in a research report on Wednesday, August 9th. TheStreet raised shares of OSI Systems from a “c+” rating to a “b-” rating in a research report on Thursday, August 10th. B. Riley reaffirmed a “buy” rating and set a $92.00 price target (up from $87.00) on shares of OSI Systems in a research report on Tuesday, August 22nd. Finally, Roth Capital reaffirmed a “buy” rating and set a $97.00 price target on shares of OSI Systems in a research report on Tuesday, August 29th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $98.17.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings results on Thursday, October 26th. The technology company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.08. OSI Systems had a net margin of 3.06% and a return on equity of 11.68%. The firm had revenue of $257.13 million during the quarter, compared to analysts’ expectations of $248.52 million. During the same period in the prior year, the company earned $0.44 EPS. The firm’s revenue was up 16.8% on a year-over-year basis.

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A number of hedge funds have recently modified their holdings of OSIS. BlackRock Inc. lifted its holdings in OSI Systems by 51,732.1% in the 1st quarter. BlackRock Inc. now owns 2,248,475 shares of the technology company’s stock worth $164,115,000 after buying an additional 2,244,137 shares in the last quarter. Janus Henderson Group PLC acquired a new position in OSI Systems in the 2nd quarter worth $108,791,000. Goldman Sachs Group Inc. lifted its holdings in OSI Systems by 57.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 557,023 shares of the technology company’s stock worth $40,657,000 after buying an additional 203,144 shares in the last quarter. Emerald Advisers Inc. PA lifted its holdings in OSI Systems by 6,051.2% in the 3rd quarter. Emerald Advisers Inc. PA now owns 169,650 shares of the technology company’s stock worth $15,501,000 after buying an additional 166,892 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in OSI Systems in the 3rd quarter worth $11,235,000. Hedge funds and other institutional investors own 99.66% of the company’s stock.

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.

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