OSI Systems (NASDAQ:OSIS) Price Target Raised to $262.00

OSI Systems (NASDAQ:OSIS) had its price objective raised by JPMorgan Chase & Co. from $255.00 to $262.00 in a report released on Monday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the technology company’s stock.

OSIS has been the subject of several other reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of OSI Systems in a research note on Thursday, January 22nd. Bank of America increased their target price on shares of OSI Systems from $265.00 to $315.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. UBS Group set a $292.00 target price on shares of OSI Systems in a research report on Monday, December 1st. B. Riley lifted their price target on shares of OSI Systems from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Finally, Roth Mkm boosted their price target on shares of OSI Systems from $292.00 to $295.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $282.00.

OSI Systems Price Performance

Shares of NASDAQ OSIS opened at $253.10 on Monday. The company has a fifty day moving average price of $270.13 and a 200 day moving average price of $252.16. The firm has a market cap of $4.17 billion, a PE ratio of 28.66, a PEG ratio of 2.12 and a beta of 1.35. The company has a current ratio of 3.15, a quick ratio of 2.31 and a debt-to-equity ratio of 1.18. OSI Systems has a 1-year low of $153.40 and a 1-year high of $294.93.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings results on Thursday, January 29th. The technology company reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.06. The firm had revenue of $464.06 million for the quarter, compared to the consensus estimate of $449.51 million. OSI Systems had a return on equity of 18.58% and a net margin of 8.52%.The company’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter last year, the business posted $2.42 EPS. Research analysts predict that OSI Systems will post 9.22 earnings per share for the current fiscal year.

Insider Buying and Selling at OSI Systems

In other OSI Systems news, insider Paul Keith Morben sold 416 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $279.10, for a total transaction of $116,105.60. Following the completion of the sale, the insider owned 8,540 shares of the company’s stock, valued at $2,383,514. This trade represents a 4.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James B. Hawkins sold 1,500 shares of the stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $283.15, for a total transaction of $424,725.00. Following the completion of the transaction, the director directly owned 5,036 shares in the company, valued at $1,425,943.40. The trade was a 22.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 41,916 shares of company stock worth $11,273,831 over the last 90 days. Company insiders own 4.30% of the company’s stock.

Institutional Investors Weigh In On OSI Systems

Several hedge funds have recently bought and sold shares of the stock. Danske Bank A S acquired a new position in shares of OSI Systems in the third quarter valued at approximately $25,000. Private Trust Co. NA lifted its holdings in OSI Systems by 179.5% during the 4th quarter. Private Trust Co. NA now owns 123 shares of the technology company’s stock worth $31,000 after purchasing an additional 79 shares during the last quarter. Salomon & Ludwin LLC bought a new stake in OSI Systems in the 3rd quarter valued at $32,000. Bessemer Group Inc. grew its holdings in OSI Systems by 78.7% in the 2nd quarter. Bessemer Group Inc. now owns 134 shares of the technology company’s stock valued at $30,000 after buying an additional 59 shares in the last quarter. Finally, Richardson Financial Services Inc. increased its position in OSI Systems by 58.2% during the 3rd quarter. Richardson Financial Services Inc. now owns 144 shares of the technology company’s stock worth $36,000 after buying an additional 53 shares during the period. 89.21% of the stock is currently owned by institutional investors and hedge funds.

OSI Systems Company Profile

OSI Systems, Inc (NASDAQ: OSIS) is a publicly traded technology company founded in 1987 and headquartered in Hawthorne, California. The company designs, develops and manufactures advanced security and inspection systems, optoelectronic devices and medical imaging equipment. Over its history, OSI Systems has grown its product offerings through internal research and development as well as strategic acquisitions, expanding its capabilities in mission-critical sensing and inspection technologies.

OSI Systems operates three primary business segments.