OSI Systems, Inc. (NASDAQ:OSIS) Receives $172.00 Consensus PT from Brokerages

Shares of OSI Systems, Inc. (NASDAQ:OSIS) have earned an average rating of “Buy” from the five research firms that are presently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $172.60.

Several research firms recently weighed in on OSIS. Roth Mkm boosted their target price on OSI Systems from $172.00 to $178.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Bank of America initiated coverage on OSI Systems in a research report on Monday, September 30th. They issued a “buy” rating and a $175.00 price target on the stock. B. Riley lifted their price target on OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Finally, Wells Fargo & Company initiated coverage on OSI Systems in a research report on Wednesday, September 18th. They issued an “overweight” rating and a $170.00 price target on the stock.

OSI Systems Stock Up 0.5 %

OSIS opened at $145.48 on Monday. The business has a 50 day moving average price of $144.18 and a 200 day moving average price of $140.87. OSI Systems has a twelve month low of $103.04 and a twelve month high of $158.69. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.00 and a current ratio of 1.49. The firm has a market cap of $2.48 billion, a P/E ratio of 20.01, a price-to-earnings-growth ratio of 1.48 and a beta of 1.08.

OSI Systems (NASDAQ:OSIS) last posted its earnings results on Thursday, August 22nd. The technology company reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.79 by $0.05. OSI Systems had a return on equity of 17.80% and a net margin of 8.33%. The firm had revenue of $480.91 million during the quarter, compared to analyst estimates of $467.24 million. During the same period in the previous year, the company earned $2.66 EPS. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. Research analysts forecast that OSI Systems will post 8.93 EPS for the current year.

Insider Activity

In other news, CEO Deepak Chopra sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $144.92, for a total transaction of $2,898,400.00. Following the sale, the chief executive officer now directly owns 459,033 shares in the company, valued at approximately $66,523,062.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Deepak Chopra sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $144.92, for a total transaction of $2,898,400.00. Following the sale, the chief executive officer now directly owns 459,033 shares in the company, valued at approximately $66,523,062.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Paul Keith Morben sold 1,107 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $145.04, for a total value of $160,559.28. Following the sale, the insider now owns 10,077 shares in the company, valued at approximately $1,461,568.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,107 shares of company stock worth $3,474,189. Company insiders own 5.60% of the company’s stock.

Institutional Trading of OSI Systems

Several institutional investors have recently bought and sold shares of OSIS. Norges Bank acquired a new stake in OSI Systems in the 4th quarter valued at $14,921,000. Vanguard Group Inc. boosted its stake in OSI Systems by 5.4% in the 4th quarter. Vanguard Group Inc. now owns 2,097,875 shares of the technology company’s stock valued at $270,731,000 after buying an additional 107,383 shares in the last quarter. Victory Capital Management Inc. boosted its stake in OSI Systems by 713.1% in the 2nd quarter. Victory Capital Management Inc. now owns 97,951 shares of the technology company’s stock valued at $13,470,000 after buying an additional 85,904 shares in the last quarter. SG Capital Management LLC boosted its stake in OSI Systems by 2,952.6% in the 4th quarter. SG Capital Management LLC now owns 75,919 shares of the technology company’s stock valued at $9,797,000 after buying an additional 73,432 shares in the last quarter. Finally, Great Lakes Advisors LLC acquired a new stake in OSI Systems in the 2nd quarter valued at $5,208,000. Institutional investors and hedge funds own 89.21% of the company’s stock.

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.