Brokerages Set OSI Systems, Inc. (NASDAQ:OSIS) Target Price at $228.33

OSI Systems, Inc. (NASDAQ:OSIS) has received a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $228.33.

Several brokerages have weighed in on OSIS. B. Riley reissued a “buy” rating and set a $255.00 price objective (up from $221.00) on shares of OSI Systems in a research note on Friday, May 2nd. Roth Mkm boosted their target price on OSI Systems from $224.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. Wells Fargo & Company lowered their price target on OSI Systems from $220.00 to $210.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Oppenheimer boosted their price target on OSI Systems from $225.00 to $260.00 and gave the company an “outperform” rating in a report on Monday, May 5th. Finally, JPMorgan Chase & Co. started coverage on OSI Systems in a report on Friday, February 21st. They set a “neutral” rating and a $225.00 target price for the company.

Insider Activity at OSI Systems

In related news, CFO Alan I. Edrick sold 20,000 shares of the company’s stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $229.00, for a total value of $4,580,000.00. Following the transaction, the chief financial officer now directly owns 284,953 shares of the company’s stock, valued at $65,254,237. This represents a 6.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Glenn Grindstaff sold 688 shares of the stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $224.89, for a total value of $154,724.32. Following the sale, the insider now directly owns 8,354 shares in the company, valued at $1,878,731.06. This represents a 7.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,371 shares of company stock valued at $9,547,230 in the last ninety days. Company insiders own 5.20% of the company’s stock.

Institutional Investors Weigh In On OSI Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Wyoming boosted its position in OSI Systems by 1.9% during the fourth quarter. State of Wyoming now owns 2,698 shares of the technology company’s stock worth $452,000 after purchasing an additional 51 shares in the last quarter. MetLife Investment Management LLC increased its holdings in shares of OSI Systems by 0.7% in the fourth quarter. MetLife Investment Management LLC now owns 9,401 shares of the technology company’s stock valued at $1,574,000 after purchasing an additional 61 shares during the last quarter. Summit Investment Advisors Inc. increased its stake in OSI Systems by 4.7% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,660 shares of the technology company’s stock worth $278,000 after acquiring an additional 74 shares during the last quarter. Hohimer Wealth Management LLC increased its stake in OSI Systems by 4.2% during the first quarter. Hohimer Wealth Management LLC now owns 1,927 shares of the technology company’s stock worth $374,000 after acquiring an additional 77 shares during the last quarter. Finally, National Bank of Canada FI increased its stake in OSI Systems by 118.2% during the first quarter. National Bank of Canada FI now owns 144 shares of the technology company’s stock worth $28,000 after acquiring an additional 78 shares during the last quarter. 89.21% of the stock is owned by institutional investors and hedge funds.

OSI Systems Stock Up 3.2%

OSI Systems stock opened at $239.05 on Friday. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of 30.77, a PEG ratio of 1.81 and a beta of 1.28. OSI Systems has a 12 month low of $129.18 and a 12 month high of $241.64. The company has a current ratio of 1.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.56. The stock has a fifty day simple moving average of $211.89 and a two-hundred day simple moving average of $194.97.

OSI Systems (NASDAQ:OSIS) last released its earnings results on Thursday, May 1st. The technology company reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.06. The company had revenue of $444.35 million for the quarter, compared to the consensus estimate of $436.49 million. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. OSI Systems’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.16 earnings per share. Equities analysts predict that OSI Systems will post 9.22 EPS for the current fiscal 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.