Roth Mkm Forecasts Strong Price Appreciation for OSI Systems (NASDAQ:OSIS) Stock

OSI Systems (NASDAQ:OSIS) had its price objective upped by stock analysts at Roth Mkm from $178.00 to $224.00 in a report released on Friday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Roth Mkm’s target price suggests a potential upside of 12.07% from the stock’s current price.

OSIS has been the topic of a number of other research reports. Bank of America started coverage on OSI Systems in a research note on Monday, September 30th. They set a “buy” rating and a $175.00 price target on the stock. Wells Fargo & Company increased their target price on OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. B. Riley upped their price objective on shares of OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a research note on Friday. Oppenheimer raised their target price on shares of OSI Systems from $205.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, StockNews.com raised shares of OSI Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $209.40.

OSI Systems Trading Up 3.5 %

OSI Systems stock opened at $199.87 on Friday. The stock has a 50-day moving average price of $171.97 and a 200 day moving average price of $153.95. OSI Systems has a 52 week low of $126.57 and a 52 week high of $200.14. The stock has a market cap of $3.34 billion, a PE ratio of 26.09, a P/E/G ratio of 1.44 and a beta of 1.19. 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 issued its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.08. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. Equities research analysts predict that OSI Systems will post 9.13 earnings per share for the current fiscal year.

Insider Activity at OSI Systems

In related news, insider Manoocher M. Aliabadi sold 2,509 shares of the stock in a transaction on Friday, December 13th. The stock was 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 in the company, valued at approximately $14,058,481.88. This represents a 3.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gerald M. Chizever sold 2,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $148.16, for a total value of $296,320.00. Following the transaction, the director now owns 7,701 shares in the company, valued at approximately $1,140,980.16. This represents a 20.62 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,591 shares of company stock worth $7,557,745. Company insiders own 5.20% of the company’s stock.

Institutional Trading of OSI Systems

A number of hedge funds have recently made changes to their positions in the company. FMR LLC grew its holdings in OSI Systems by 4,891.4% during the 3rd quarter. FMR LLC now owns 644,396 shares of the technology company’s stock valued at $97,839,000 after purchasing an additional 631,486 shares in the last quarter. World Investment Advisors LLC acquired a new stake in shares of OSI Systems during the third quarter valued at about $16,713,000. Swedbank AB acquired a new stake in shares of OSI Systems during the fourth quarter valued at about $8,372,000. Edgestream Partners L.P. purchased a new stake in shares of OSI Systems during the third quarter worth about $5,061,000. Finally, Envestnet Asset Management Inc. boosted its holdings in OSI Systems by 174.6% in the second quarter. Envestnet Asset Management Inc. now owns 50,373 shares of the technology company’s stock valued at $6,927,000 after purchasing an additional 32,029 shares during the last quarter. 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.