OSI Systems (NASDAQ:OSIS) Price Target Raised to $225.00

OSI Systems (NASDAQ:OSIS) had its price target hoisted by equities research analysts at Oppenheimer from $205.00 to $225.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the technology company’s stock. Oppenheimer’s price objective indicates a potential upside of 12.57% from the stock’s current price.

Several other analysts also recently weighed in on the stock. StockNews.com raised shares of OSI Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, December 10th. Bank of America started coverage on OSI Systems in a research report on Monday, September 30th. They set a “buy” rating and a $175.00 price target on the stock. 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. Finally, B. Riley increased their price objective on OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a research note on Friday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $209.40.

OSI Systems Stock Performance

Shares of NASDAQ OSIS opened at $199.87 on Friday. The stock’s 50-day moving average is $171.97 and its 200 day moving average is $153.95. The stock has a market cap of $3.34 billion, a price-to-earnings ratio of 26.09, a P/E/G ratio of 1.44 and a beta of 1.19. OSI Systems has a 1-year low of $126.57 and a 1-year high of $200.14. The company has a current ratio of 1.84, a quick ratio of 1.20 and a debt-to-equity ratio of 0.60.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 EPS for the quarter, topping the consensus estimate of $2.34 by $0.08. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. On average, sell-side analysts anticipate that OSI Systems will post 9.13 EPS for the current fiscal year.

Insider Buying and Selling at OSI Systems

In other news, insider Manoocher M. Aliabadi sold 2,509 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $180.02, for a total value of $451,670.18. Following the completion of the sale, the insider now directly owns 78,094 shares of the company’s stock, valued at approximately $14,058,481.88. This trade represents a 3.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Alan I. Edrick sold 2,354 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $188.42, for a total value of $443,540.68. Following the transaction, the chief financial officer now owns 312,444 shares in the company, valued at $58,870,698.48. This trade represents a 0.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,591 shares of company stock valued at $7,557,745 in the last 90 days. Insiders own 5.20% of the company’s stock.

Institutional Trading of OSI Systems

A number of hedge funds and other institutional investors have recently modified their holdings of OSIS. Richardson Financial Services Inc. lifted its position in OSI Systems by 65.6% during the 4th quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock valued at $26,000 after acquiring an additional 61 shares during the period. Orion Portfolio Solutions LLC grew its holdings in OSI Systems by 3.3% in the third quarter. Orion Portfolio Solutions LLC now owns 3,301 shares of the technology company’s stock worth $501,000 after purchasing an additional 106 shares during the period. US Bancorp DE increased its stake in shares of OSI Systems by 4.8% during the third quarter. US Bancorp DE now owns 2,418 shares of the technology company’s stock valued at $367,000 after purchasing an additional 111 shares in the last quarter. KBC Group NV lifted its holdings in shares of OSI Systems by 37.1% during the fourth quarter. KBC Group NV now owns 699 shares of the technology company’s stock valued at $117,000 after purchasing an additional 189 shares during the last quarter. Finally, Inspire Investing LLC boosted its position in shares of OSI Systems by 7.9% in the 3rd quarter. Inspire Investing LLC now owns 2,741 shares of the technology company’s stock worth $416,000 after purchasing an additional 200 shares in the last quarter. 89.21% of the stock is owned by hedge funds and other institutional investors.

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.