Oppenheimer Boosts OSI Systems (NASDAQ:OSIS) Price Target to $160.00

OSI Systems (NASDAQ:OSIS) had its target price hoisted by Oppenheimer from $157.00 to $160.00 in a research note published on Monday, Benzinga reports. They currently have an outperform rating on the technology company’s stock.

Several other analysts also recently issued reports on the stock. Roth Mkm upped their price target on shares of OSI Systems from $169.00 to $172.00 and gave the company a buy rating in a report on Friday, April 26th. StockNews.com lowered shares of OSI Systems from a buy rating to a hold rating in a research report on Saturday, April 27th.

OSI Systems Stock Down 0.3 %

OSIS stock opened at $131.07 on Monday. The company has a market cap of $2.23 billion, a P/E ratio of 18.03, a P/E/G ratio of 1.53 and a beta of 0.98. OSI Systems has a 52 week low of $103.04 and a 52 week high of $144.11. The company’s 50-day moving average price is $135.69 and its 200 day moving average price is $127.73. The company has a current ratio of 1.47, a quick ratio of 0.89 and a debt-to-equity ratio of 0.16.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings results on Thursday, April 25th. The technology company reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.11 by $0.05. OSI Systems had a net margin of 8.56% and a return on equity of 18.10%. The company had revenue of $405.41 million for the quarter, compared to the consensus estimate of $401.99 million. During the same quarter in the prior year, the firm earned $1.49 earnings per share. The company’s revenue for the quarter was up 33.8% compared to the same quarter last year. On average, research analysts expect that OSI Systems will post 8.09 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Paul Keith Morben sold 310 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $133.02, for a total value of $41,236.20. Following the completion of the transaction, the insider now owns 8,834 shares of the company’s stock, valued at $1,175,098.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, General Counsel Victor S. Sze sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $130.21, for a total transaction of $1,953,150.00. Following the completion of the transaction, the general counsel now owns 63,116 shares of the company’s stock, valued at $8,218,334.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul Keith Morben sold 310 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $133.02, for a total transaction of $41,236.20. Following the transaction, the insider now directly owns 8,834 shares of the company’s stock, valued at approximately $1,175,098.68. The disclosure for this sale can be found here. Insiders sold a total of 22,065 shares of company stock valued at $2,901,988 over the last 90 days. Insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On OSI Systems

Several institutional investors and hedge funds have recently bought and sold shares of OSIS. West Paces Advisors Inc. acquired a new position in OSI Systems during the first quarter worth approximately $28,000. Global Retirement Partners LLC increased its position in shares of OSI Systems by 1,021.1% in the first quarter. Global Retirement Partners LLC now owns 213 shares of the technology company’s stock worth $30,000 after acquiring an additional 194 shares in the last quarter. Parkside Financial Bank & Trust increased its position in shares of OSI Systems by 27.1% in the third quarter. Parkside Financial Bank & Trust now owns 422 shares of the technology company’s stock worth $50,000 after acquiring an additional 90 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of OSI Systems in the fourth quarter worth $53,000. Finally, International Assets Investment Management LLC increased its position in shares of OSI Systems by 3,585.7% in the fourth quarter. International Assets Investment Management LLC now owns 516 shares of the technology company’s stock worth $67,000 after acquiring an additional 502 shares in the last quarter. Institutional investors and hedge funds 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.