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 research firms have also weighed in on OSIS. BidaskClub lowered shares of OSI Systems from a sell rating to a strong sell rating in a report on Friday, June 19th. B. Riley cut their price objective on OSI Systems from $119.00 to $97.00 and set a buy rating on the stock in a research report on Monday, April 27th. Roth Capital decreased their target price on OSI Systems from $122.00 to $102.00 and set a buy rating for the company in a report on Friday, May 1st. Finally, TheStreet cut shares of OSI Systems from a b- rating to a c+ rating in a report on Tuesday, March 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $91.33.
OSI Systems (NASDAQ:OSIS) last issued its earnings results on Thursday, April 30th. The technology company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.02. OSI Systems had a net margin of 6.51% and a return on equity of 15.38%. The firm had revenue of $292.90 million for the quarter, compared to analysts’ expectations of $303.01 million. During the same quarter last year, the business earned $1.17 earnings per share. The business’s revenue was down 3.7% on a year-over-year basis. Sell-side analysts expect that OSI Systems will post 4.52 earnings per share for the current fiscal year.
Several large investors have recently added to or reduced their stakes in OSIS. Marshall Wace North America L.P. bought a new position in shares of OSI Systems in the 1st quarter worth about $35,000. Victory Capital Management Inc. increased its stake in shares of OSI Systems by 27.1% during the fourth quarter. Victory Capital Management Inc. now owns 4,795 shares of the technology company’s stock valued at $415,000 after purchasing an additional 1,022 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of OSI Systems by 36.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 202,099 shares of the technology company’s stock valued at $20,360,000 after purchasing an additional 53,905 shares during the last quarter. Comerica Bank boosted its position in shares of OSI Systems by 0.9% in the 4th quarter. Comerica Bank now owns 16,067 shares of the technology company’s stock worth $1,429,000 after purchasing an additional 138 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of OSI Systems by 25.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 544 shares of the technology company’s stock worth $55,000 after purchasing an additional 110 shares in the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.
OSI Systems Company Profile
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.
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