OSI Systems (NASDAQ:OSIS) Given New $172.00 Price Target at Roth Mkm

OSI Systems (NASDAQ:OSIS) had its price target hoisted by Roth Mkm from $169.00 to $172.00 in a report released on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Roth Mkm’s price objective would suggest a potential upside of 27.74% from the stock’s current price.

Separately, StockNews.com raised OSI Systems from a “hold” rating to a “buy” rating in a research note on Friday, April 19th.

OSI Systems Trading Up 0.4 %

Shares of OSI Systems stock traded up $0.50 during midday trading on Friday, reaching $134.65. The company had a trading volume of 40,106 shares, compared to its average volume of 92,772. The firm has a market cap of $2.30 billion, a PE ratio of 20.28, a P/E/G ratio of 1.58 and a beta of 0.98. The stock has a fifty day moving average price of $135.67 and a 200 day moving average price of $127.30. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.43 and a quick ratio of 0.80. OSI Systems has a fifty-two week low of $102.02 and a fifty-two week high of $144.11.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings data on Thursday, April 25th. The technology company reported $2.16 earnings per share for the quarter, topping the consensus estimate of $2.11 by $0.05. The company had revenue of $405.41 million during the quarter, compared to analysts’ expectations of $401.99 million. OSI Systems had a net margin of 8.31% and a return on equity of 17.35%. OSI Systems’s revenue for the quarter was up 33.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.49 earnings per share. On average, equities analysts anticipate that OSI Systems will post 8.03 earnings per share for the current year.

Insider Activity at OSI Systems

In other OSI Systems news, General Counsel Victor S. Sze sold 15,000 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $131.22, for a total value of $1,968,300.00. Following the completion of the sale, the general counsel now directly owns 78,116 shares in the company, valued at $10,250,381.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Deepak Chopra sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $129.11, for a total transaction of $2,582,200.00. Following the transaction, the chief executive officer now directly owns 468,615 shares of the company’s stock, valued at approximately $60,502,882.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, General Counsel Victor S. Sze sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $131.22, for a total value of $1,968,300.00. Following the completion of the sale, the general counsel now directly owns 78,116 shares of the company’s stock, valued at approximately $10,250,381.52. The disclosure for this sale can be found here. Insiders have sold 50,000 shares of company stock worth $6,503,650 in the last quarter. Company insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On OSI Systems

A number of large investors have recently modified their holdings of OSIS. Parkside Financial Bank & Trust raised its holdings in OSI Systems by 27.1% during the third quarter. Parkside Financial Bank & Trust now owns 422 shares of the technology company’s stock worth $50,000 after buying an additional 90 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of OSI Systems by 4.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,896 shares of the technology company’s stock worth $503,000 after acquiring an additional 178 shares during the last quarter. Global Retirement Partners LLC lifted its position in OSI Systems by 1,021.1% in the 1st quarter. Global Retirement Partners LLC now owns 213 shares of the technology company’s stock valued at $30,000 after acquiring an additional 194 shares in the last quarter. Bridge City Capital LLC boosted its stake in OSI Systems by 0.8% during the 1st quarter. Bridge City Capital LLC now owns 24,618 shares of the technology company’s stock valued at $3,516,000 after purchasing an additional 194 shares during the last quarter. Finally, West Paces Advisors Inc. acquired a new position in OSI Systems during the 1st quarter valued at about $28,000. 89.21% of the stock is currently owned by institutional investors.

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.