Analysts Set OSI Systems, Inc. (NASDAQ:OSIS) Price Target at $179.00

Shares of OSI Systems, Inc. (NASDAQ:OSIS) have received an average rating of “Buy” from the five brokerages that are currently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy rating. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $179.00.

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

OSI Systems Stock Performance

NASDAQ:OSIS opened at $184.84 on Friday. The business’s fifty day moving average is $156.90 and its 200 day moving average is $147.63. The firm has a market cap of $3.09 billion, a price-to-earnings ratio of 24.13, a PEG ratio of 1.55 and a beta of 1.18. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.20 and a current ratio of 1.84. OSI Systems has a 52-week low of $120.42 and a 52-week high of $189.13.

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

Insider Activity

In other news, insider Manoocher M. Aliabadi sold 1,728 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $180.39, for a total value of $311,713.92. Following the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 404,323 shares in the company, valued at $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. Insiders have sold a total of 43,591 shares of company stock worth $7,557,745 over the last 90 days. 5.20% of the stock is currently owned by insiders.

Institutional Trading of OSI Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Quest Partners LLC bought a new position in shares of OSI Systems during the 2nd quarter valued at approximately $40,000. Innealta Capital LLC bought a new position in OSI Systems in the 2nd quarter worth $82,000. International Assets Investment Management LLC increased its stake in OSI Systems by 15,075.0% in the 3rd quarter. International Assets Investment Management LLC now owns 607 shares of the technology company’s stock worth $92,000 after buying an additional 603 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in OSI Systems during the second quarter valued at about $160,000. Finally, nVerses Capital LLC purchased a new position in shares of OSI Systems in the third quarter valued at about $182,000. 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.