OSI Systems (NASDAQ:OSIS) Research Coverage Started at Bank of America

Bank of America initiated coverage on shares of OSI Systems (NASDAQ:OSIS) in a report issued on Monday, Briefing.com reports. The brokerage set a “buy” rating and a $175.00 price target on the technology company’s stock. Bank of America‘s price target would suggest a potential upside of 20.37% from the company’s previous close.

Several other equities research analysts have also recently issued reports on OSIS. Wells Fargo & Company initiated coverage on shares of OSI Systems in a report on Wednesday, September 18th. They issued an “overweight” rating and a $170.00 target price on the stock. Roth Mkm raised their target price on shares of OSI Systems from $172.00 to $178.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Finally, B. Riley raised their target price 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. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, OSI Systems currently has a consensus rating of “Moderate Buy” and an average price target of $172.60.

OSI Systems Trading Up 0.4 %

NASDAQ:OSIS opened at $145.39 on Monday. The company’s 50 day moving average price is $144.30 and its 200-day moving average price is $140.44. OSI Systems has a 52 week low of $103.04 and a 52 week high of $158.69. The company has a quick ratio of 1.00, a current ratio of 1.49 and a debt-to-equity ratio of 0.15. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 20.00, a PEG ratio of 1.50 and a beta of 1.08.

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

Insiders Place Their Bets

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

Institutional Trading of OSI Systems

Institutional investors and hedge funds have recently modified their holdings of the company. Arizona State Retirement System increased its holdings in OSI Systems by 2.2% in the 2nd quarter. Arizona State Retirement System now owns 4,532 shares of the technology company’s stock valued at $623,000 after acquiring an additional 97 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in OSI Systems by 1.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 7,900 shares of the technology company’s stock valued at $1,086,000 after acquiring an additional 100 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in OSI Systems by 4.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,896 shares of the technology company’s stock valued at $503,000 after acquiring an additional 178 shares during the last quarter. Bridge City Capital LLC increased its holdings in OSI Systems by 0.8% in the 1st quarter. Bridge City Capital LLC now owns 24,618 shares of the technology company’s stock valued at $3,516,000 after acquiring an additional 194 shares during the last quarter. Finally, West Paces Advisors Inc. bought a new stake in OSI Systems in the 1st quarter valued at $28,000. 89.21% of the stock is currently owned by institutional investors.

OSI Systems Company Profile

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.