OSI Systems (NASDAQ:OSIS) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

OSI Systems (NASDAQ:OSIS) had its price objective boosted by Wells Fargo & Company from $172.00 to $202.00 in a research note published on Wednesday morning,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

Several other research firms also recently issued reports on OSIS. StockNews.com upgraded OSI Systems from a “sell” rating to a “hold” rating in a research report on Tuesday. Roth Mkm raised their price target on shares of 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 started coverage on shares of OSI Systems in a research report on Monday, September 30th. They set a “buy” rating and a $175.00 price target for the company. Finally, B. Riley raised their price target on OSI Systems from $165.00 to $180.00 and gave the company a “buy” rating in a report on Friday, August 23rd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, OSI Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.00.

OSI Systems Stock Performance

Shares of OSIS stock opened at $181.79 on Wednesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.20 and a current ratio of 1.84. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 23.86, a P/E/G ratio of 1.59 and a beta of 1.18. The firm’s 50-day simple moving average is $155.39 and its two-hundred day simple moving average is $146.89. OSI Systems has a 52 week low of $120.42 and a 52 week high of $189.13.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings results on Thursday, October 24th. The technology company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.19. The company had revenue of $344.01 million during the quarter, compared to the consensus estimate of $318.66 million. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. The firm’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.91 EPS. As a group, equities analysts forecast that OSI Systems will post 9.13 earnings per share for the current year.

Insider Activity at OSI Systems

In other OSI Systems news, CEO Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 459,033 shares in the company, valued at $66,523,062.36. This trade represents a 4.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Alan I. Edrick sold 2,354 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $188.42, for a total value of $443,540.68. Following the completion of the transaction, the chief financial officer now owns 312,444 shares of the company’s stock, valued at approximately $58,870,698.48. The trade was a 0.75 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 63,591 shares of company stock valued at $10,456,145. Insiders own 5.20% of the company’s stock.

Institutional Investors Weigh In On OSI Systems

Hedge funds have recently bought and sold shares of the business. FMR LLC raised its holdings in OSI Systems by 4,891.4% in the third quarter. FMR LLC now owns 644,396 shares of the technology company’s stock worth $97,839,000 after buying an additional 631,486 shares during the last quarter. World Investment Advisors LLC purchased a new position in shares of OSI Systems in the third quarter worth approximately $16,713,000. Victory Capital Management Inc. increased its holdings in OSI Systems by 713.1% during the second quarter. Victory Capital Management Inc. now owns 97,951 shares of the technology company’s stock valued at $13,470,000 after buying an additional 85,904 shares during the last quarter. Great Lakes Advisors LLC bought a new position in OSI Systems in the second quarter worth approximately $5,208,000. Finally, Edgestream Partners L.P. purchased a new position in shares of OSI Systems during the 3rd quarter worth $5,061,000. Institutional investors own 89.21% of the company’s stock.

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.