OSI Systems (NASDAQ:OSIS) Stock Gets Price Target Trim from Oppenheimer

OSI Systems (NASDAQ:OSIS) had its price objective reduced by Oppenheimer from $300.00 to $265.00 in a research note issued to investors on Thursday morning, MarketBeat Ratings reports. Oppenheimer currently has an outperform rating on the technology company’s stock.

OSIS has been the subject of a number of other reports. Bank of America reduced their price target on shares of OSI Systems from $315.00 to $300.00 and set a “buy” rating for the company in a research note on Monday, July 20th. B. Riley Financial restated a “buy” rating and set a $265.00 price objective (down from $320.00) on shares of OSI Systems in a research report on Friday, August 21st. Weiss Ratings cut shares of OSI Systems from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 30th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $274.00 target price on shares of OSI Systems in a research report on Friday, August 21st. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $276.71.

OSI Systems Trading Up 0.8%

Shares of NASDAQ:OSIS opened at $194.91 on Thursday. The company has a market cap of $3.11 billion, a P/E ratio of 21.66, a PEG ratio of 1.47 and a beta of 1.21. The company has a debt-to-equity ratio of 1.20, a current ratio of 3.15 and a quick ratio of 2.34. OSI Systems has a 1 year low of $186.50 and a 1 year high of $311.72. The stock’s fifty day moving average price is $209.16 and its 200-day moving average price is $228.72.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings data on Thursday, August 20th. The technology company reported $3.78 EPS for the quarter, topping the consensus estimate of $3.77 by $0.01. OSI Systems had a return on equity of 20.33% and a net margin of 8.66%. The company had revenue of $484.06 million during the quarter, compared to the consensus estimate of $529.72 million. During the same period last year, the company earned $2.84 EPS. OSI Systems’s revenue for the quarter was up .1% on a year-over-year basis. OSI Systems has set its FY 2027 guidance at 11.130-11.490 EPS. Sell-side analysts expect that OSI Systems will post 11.35 earnings per share for the current year.

Hedge Funds Weigh In On OSI Systems

Several institutional investors have recently made changes to their positions in OSIS. Group One Trading LLC purchased a new position in shares of OSI Systems in the first quarter worth approximately $27,000. Transamerica Financial Advisors LLC purchased a new stake in OSI Systems during the second quarter valued at approximately $26,000. Public Employees Retirement System of Ohio bought a new position in OSI Systems in the second quarter worth approximately $35,000. Keating Financial Advisory Services Inc. bought a new position in OSI Systems in the second quarter worth approximately $39,000. Finally, Caitong International Asset Management Co. Ltd raised its position in OSI Systems by 249.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 269 shares of the technology company’s stock worth $69,000 after acquiring an additional 192 shares during the period. Institutional investors own 89.21% of the company’s stock.

About OSI Systems

OSI Systems, Inc is a diversified technology company that designs and manufactures specialized electronic systems, components and subsystems. Headquartered in Hawthorne, California, the company serves customers in the security, healthcare, defense, aerospace and industrial markets.

Through its Security division, OSI Systems provides inspection and screening technologies used at airports, ports, border crossings and other critical infrastructure locations. Its products include baggage and cargo inspection systems, checkpoint screening equipment, explosive and narcotics detection systems, radiation detection products, and systems for inspecting vehicles and people.

The company’s Healthcare division develops patient monitoring and diagnostic systems, including equipment used in cardiology, anesthesia and other clinical applications.