OSI Systems, Inc. (NASDAQ:OSIS) Receives $212.00 Consensus PT from Brokerages

OSI Systems, Inc. (NASDAQ:OSIS) has been given an average recommendation of “Moderate Buy” by the six research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $212.00.

OSIS has been the subject of several research analyst reports. B. Riley raised their target price on shares of OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Oppenheimer upped their price target on shares of OSI Systems from $205.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Wells Fargo & Company boosted their target price on shares of OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Roth Mkm raised their price target on OSI Systems from $178.00 to $224.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Finally, JPMorgan Chase & Co. began coverage on OSI Systems in a report on Friday, February 21st. They issued a “neutral” rating and a $225.00 price target on the stock.

Insiders Place Their Bets

In other news, Director Gerald M. Chizever sold 2,701 shares of the stock in a transaction on Monday, January 27th. The shares were sold at an average price of $195.83, for a total value of $528,936.83. Following the sale, the director now owns 5,000 shares in the company, valued at $979,150. This represents a 35.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul Keith Morben sold 155 shares of the company’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $199.36, for a total transaction of $30,900.80. Following the completion of the sale, the insider now directly owns 10,077 shares in the company, valued at approximately $2,008,950.72. The trade was a 1.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is owned by insiders.

Institutional Trading of OSI Systems

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd acquired a new position in OSI Systems in the fourth quarter valued at approximately $25,000. Richardson Financial Services Inc. lifted its stake in shares of OSI Systems by 65.6% in the 4th quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock valued at $26,000 after purchasing an additional 61 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of OSI Systems by 243.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company’s stock valued at $46,000 after purchasing an additional 195 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in OSI Systems by 241.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 683 shares of the technology company’s stock worth $108,000 after buying an additional 483 shares in the last quarter. Finally, KBC Group NV grew its position in 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 buying an additional 189 shares during the period. 89.21% of the stock is owned by institutional investors and hedge funds.

OSI Systems Trading Down 1.8 %

Shares of OSIS stock opened at $200.30 on Monday. The company has a current ratio of 1.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.56. OSI Systems has a 12-month low of $126.57 and a 12-month high of $220.00. The stock has a market capitalization of $3.36 billion, a P/E ratio of 25.78, a P/E/G ratio of 1.81 and a beta of 1.20. The firm’s 50 day moving average is $195.48 and its 200 day moving average is $170.30.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings data on Thursday, January 23rd. The technology company reported $2.42 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.08. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. Research analysts expect that OSI Systems will post 9.22 earnings per share for the current year.

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.