OSI Systems, Inc. (NASDAQ:OSIS) Receives $179.00 Consensus Price Target from Brokerages

Shares of OSI Systems, Inc. (NASDAQ:OSIS) have been assigned a consensus rating of “Buy” from the five research firms that are presently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $179.00.

A number of equities research analysts have recently weighed in on the stock. Bank of America initiated coverage on shares of OSI Systems in a report on Monday, September 30th. They issued a “buy” rating and a $175.00 price objective for the company. Roth Mkm raised their price objective on OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. StockNews.com upgraded OSI Systems from a “sell” rating to a “hold” rating in a report on Tuesday, December 10th. B. Riley increased their target price on OSI Systems from $165.00 to $180.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Finally, Wells Fargo & Company lifted their price target on OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th.

OSI Systems Stock Down 4.3 %

OSIS opened at $175.81 on Friday. The firm has a market capitalization of $2.94 billion, a P/E ratio of 22.95, a price-to-earnings-growth ratio of 1.55 and a beta of 1.18. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.84 and a quick ratio of 1.20. The company has a fifty day moving average price of $158.19 and a 200-day moving average price of $148.11. OSI Systems has a one year low of $120.42 and a one year high of $189.13.

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

Insider Transactions at OSI Systems

In other OSI Systems news, insider Manoocher M. Aliabadi sold 1,728 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $180.39, for a total value of $311,713.92. Following the completion of the sale, the insider now directly owns 80,603 shares in the company, valued at $14,539,975.17. This trade represents a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Deepak Chopra sold 20,000 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $187.66, for a total value of $3,753,200.00. Following the completion of the sale, the chief executive officer now directly owns 404,323 shares in the company, valued at approximately $75,875,254.18. The trade was a 4.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,591 shares of company stock worth $7,557,745. 5.20% of the stock is currently owned by insiders.

Institutional Trading of OSI Systems

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Louisiana State Employees Retirement System raised 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 worth $1,086,000 after acquiring an additional 100 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of OSI Systems by 1.4% during the second quarter. Bank of New York Mellon Corp now owns 127,544 shares of the technology company’s stock valued at $17,540,000 after buying an additional 1,747 shares during the last quarter. Bailard Inc. bought a new stake in OSI Systems in the 2nd quarter worth about $206,000. Allspring Global Investments Holdings LLC raised its position in OSI Systems by 20.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 35,119 shares of the technology company’s stock worth $4,830,000 after buying an additional 6,067 shares during the last quarter. Finally, Skylands Capital LLC lifted its stake in OSI Systems by 18.0% during the 2nd quarter. Skylands Capital LLC now owns 27,499 shares of the technology company’s stock valued at $3,782,000 after acquiring an additional 4,200 shares during the period. Hedge funds and other 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.