OSI Systems (NASDAQ:OSIS) Shares Gap Up to $145.39

OSI Systems, Inc. (NASDAQ:OSIS)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $145.39, but opened at $152.24. OSI Systems shares last traded at $151.83, with a volume of 5,555 shares traded.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Wells Fargo & Company initiated coverage on OSI Systems in a research report on Wednesday, September 18th. They set an “overweight” rating and a $170.00 price target on the stock. Roth Mkm raised their price objective on OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Bank of America assumed coverage on OSI Systems in a research note on Monday. They issued a “buy” rating and a $175.00 target price for the company. Finally, B. Riley lifted their price target on shares of OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, OSI Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $172.60.

OSI Systems Price Performance

The firm has a fifty day moving average of $144.37 and a two-hundred day moving average of $140.59. The company has a current ratio of 1.49, a quick ratio of 1.00 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $2.54 billion, a PE ratio of 20.46, a PEG ratio of 1.50 and a beta of 1.08.

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

Insiders Place Their Bets

In other news, CEO Deepak Chopra sold 20,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 459,033 shares of the company’s stock, valued at $66,523,062.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Deepak Chopra sold 20,000 shares of the business’s 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 transaction, the chief executive officer now directly owns 459,033 shares of the company’s stock, valued at $66,523,062.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Paul Keith Morben sold 1,107 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $145.04, for a total value of $160,559.28. Following the completion of the sale, the insider now directly owns 10,077 shares of the company’s stock, valued at approximately $1,461,568.08. The disclosure for this sale can be found here. Insiders have sold a total of 24,107 shares of company stock valued at $3,474,189 in the last quarter. Insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On OSI Systems

Institutional investors have recently bought and sold shares of the stock. West Paces Advisors Inc. purchased a new stake in shares of OSI Systems in the 1st quarter worth about $28,000. Quest Partners LLC purchased a new stake in OSI Systems in the second quarter worth about $40,000. Cape Investment Advisory Inc. bought a new position in shares of OSI Systems during the first quarter valued at approximately $63,000. Covestor Ltd lifted its holdings in shares of OSI Systems by 48,000.0% during the first quarter. Covestor Ltd now owns 481 shares of the technology company’s stock valued at $69,000 after purchasing an additional 480 shares during the last quarter. Finally, Innealta Capital LLC bought a new stake in shares of OSI Systems in the 2nd quarter worth approximately $82,000. 89.21% of the stock is 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.