OSI Systems, Inc. (NASDAQ:OSIS) Receives Average Rating of “Buy” from Analysts

OSI Systems, Inc. (NASDAQ:OSIS) has earned a consensus rating of “Buy” from the seven ratings firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $282.00.

A number of equities research analysts recently weighed in on OSIS shares. Roth Mkm boosted their price objective on shares of OSI Systems from $292.00 to $295.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Weiss Ratings raised shares of OSI Systems from a “buy (b)” rating to a “buy (a-)” rating in a report on Wednesday, March 11th. B. Riley Financial lifted their target price on OSI Systems from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, January 30th. JPMorgan Chase & Co. upped their target price on OSI Systems from $255.00 to $262.00 and gave the company a “neutral” rating in a report on Monday, February 2nd. Finally, UBS Group set a $292.00 price target on OSI Systems in a research report on Monday, December 1st.

Insider Buying and Selling

In other OSI Systems news, Director Deepak Chopra sold 20,000 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $250.91, for a total value of $5,018,200.00. Following the sale, the director directly owned 273,044 shares of the company’s stock, valued at $68,509,470.04. This trade represents a 6.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On OSI Systems

Hedge funds and other institutional investors have recently modified their holdings of the company. World Investment Advisors bought a new position in shares of OSI Systems during the fourth quarter worth about $318,000. Caitong International Asset Management Co. Ltd lifted its position in OSI Systems by 249.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 269 shares of the technology company’s stock valued at $69,000 after purchasing an additional 192 shares during the last quarter. Mcguire Capital Advisors Inc. bought a new stake in OSI Systems in the 4th quarter valued at about $32,000. Wellington Management Group LLP acquired a new position in OSI Systems during the 4th quarter valued at about $12,718,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in OSI Systems during the 4th quarter valued at about $364,000. Institutional investors and hedge funds own 89.21% of the company’s stock.

OSI Systems Stock Performance

Shares of OSIS opened at $278.35 on Tuesday. The stock has a market capitalization of $4.59 billion, a PE ratio of 31.52, a price-to-earnings-growth ratio of 2.21 and a beta of 1.32. The business’s fifty day moving average price is $277.28 and its 200 day moving average price is $262.77. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.15 and a quick ratio of 2.31. OSI Systems has a 12-month low of $164.07 and a 12-month high of $306.12.

OSI Systems (NASDAQ:OSIS) last released its earnings results on Thursday, January 29th. The technology company reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.06. The firm had revenue of $464.06 million during the quarter, compared to analyst estimates of $449.51 million. OSI Systems had a net margin of 8.52% and a return on equity of 18.58%. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.42 earnings per share. Equities research analysts forecast that OSI Systems will post 9.22 EPS for the current year.

About OSI Systems

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.