OSI Systems, Inc. (NASDAQ:OSIS) Given Consensus Rating of “Buy” by Brokerages

OSI Systems, Inc. (NASDAQ:OSIS) has been given an average recommendation of “Buy” by the four brokerages that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have covered the stock in the last year is $172.00.

Several research firms recently commented on OSIS. Bank of America assumed coverage on OSI Systems in a research note on Monday. They set a “buy” rating and a $175.00 target price for the company. B. Riley boosted their price target on shares of OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Wells Fargo & Company began coverage on shares of OSI Systems in a report on Wednesday, September 18th. They issued an “overweight” rating and a $170.00 price objective on the stock. Finally, Roth Mkm boosted their target price on shares of OSI Systems from $172.00 to $178.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd.

Insider Buying and Selling

In related news, CEO Deepak Chopra sold 20,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $144.92, for a total value of $2,898,400.00. Following the completion of the sale, the chief executive officer now directly owns 459,033 shares of the company’s stock, valued at approximately $66,523,062.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other OSI Systems news, CEO Deepak Chopra sold 20,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $144.92, for a total transaction of $2,898,400.00. Following the completion of the sale, the chief executive officer now directly owns 459,033 shares of the company’s stock, valued at approximately $66,523,062.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gerald M. Chizever sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $138.41, for a total value of $415,230.00. Following the completion of the transaction, the director now directly owns 3,462 shares in the company, valued at approximately $479,175.42. The disclosure for this sale can be found here. Insiders have sold 24,107 shares of company stock worth $3,474,189 in the last ninety days. 5.60% of the stock is owned by corporate insiders.

Institutional Trading of OSI Systems

Several hedge funds have recently made changes to their positions in OSIS. Norges Bank acquired a new stake in OSI Systems in the fourth quarter valued at about $14,921,000. PNC Financial Services Group Inc. grew its holdings in OSI Systems by 4.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,896 shares of the technology company’s stock worth $503,000 after acquiring an additional 178 shares during the period. Eagle Asset Management Inc. purchased a new position in OSI Systems in the fourth quarter worth $1,962,000. Campbell & CO Investment Adviser LLC acquired a new stake in OSI Systems in the fourth quarter valued at $1,662,000. Finally, Keeley Teton Advisors LLC boosted its position in shares of OSI Systems by 11.3% during the 4th quarter. Keeley Teton Advisors LLC now owns 16,891 shares of the technology company’s stock worth $2,180,000 after purchasing an additional 1,714 shares in the last quarter. Institutional investors and hedge funds own 89.21% of the company’s stock.

OSI Systems Trading Up 1.7 %

Shares of OSIS traded up $2.54 during midday trading on Monday, hitting $147.93. 8,314 shares of the stock were exchanged, compared to its average volume of 115,045. OSI Systems has a 52-week low of $103.04 and a 52-week high of $158.69. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.00 and a current ratio of 1.49. The stock has a fifty day simple moving average of $144.30 and a 200 day simple moving average of $140.44. The firm has a market cap of $2.52 billion, a P/E ratio of 20.35, a P/E/G ratio of 1.50 and a beta of 1.08.

OSI Systems (NASDAQ:OSIS) last released its earnings results on Thursday, August 22nd. The technology company reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.79 by $0.05. The company had revenue of $480.91 million during the quarter, compared to the consensus estimate of $467.24 million. OSI Systems had a return on equity of 17.80% and a net margin of 8.33%. OSI Systems’s revenue was up 16.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.66 EPS. On average, research analysts anticipate that OSI Systems will post 8.93 EPS for the current fiscal year.

About OSI Systems

OSI Systems, Inc designs and manufactures electronic systems and components. It operates in three segments: Security, Healthcare, and Optoelectronics and Manufacturing. The Security segment offers baggage and parcel inspection, cargo and vehicle inspection, hold baggage and people screening, radiation monitoring, explosive and narcotics trace detection systems, and optical inspection systems under the Rapiscan name.