Analysts Set OSI Systems, Inc. (NASDAQ:OSIS) PT at $173.00

Shares of OSI Systems, Inc. (NASDAQ:OSIS) have received an average rating of “Buy” from the five analysts that are presently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a buy recommendation. The average 12 month price target among brokers that have issued a report on the stock in the last year is $173.00.

Several equities research analysts recently weighed in on OSIS shares. Wells Fargo & Company increased their price objective on shares of OSI Systems from $170.00 to $172.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. StockNews.com lowered shares of OSI Systems from a “hold” rating to a “sell” rating in a research note on Friday. B. Riley increased their price objective on shares of OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Bank of America assumed coverage on shares of OSI Systems in a research note on Monday, September 30th. They issued a “buy” rating and a $175.00 price target on the stock. Finally, Roth Mkm raised their price target on shares of OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a research note on Friday, August 23rd.

OSI Systems Stock Performance

Shares of OSI Systems stock opened at $168.99 on Tuesday. The firm has a market cap of $2.82 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 1.42 and a beta of 1.10. The firm’s 50-day simple moving average is $146.62 and its 200-day simple moving average is $143.28. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.20 and a current ratio of 1.84. OSI Systems has a 1 year low of $119.57 and a 1 year high of $170.49.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings data on Thursday, October 24th. The technology company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.19. The firm had revenue of $344.01 million for the quarter, compared to analyst estimates of $318.66 million. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. OSI Systems’s quarterly revenue was up 23.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.91 earnings per share. Equities analysts forecast that OSI Systems will post 9.12 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $144.92, for a total transaction of $2,898,400.00. Following the completion of the sale, the chief executive officer now directly owns 459,033 shares in the company, valued at approximately $66,523,062.36. This trade represents a 4.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Paul Keith Morben sold 1,107 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $145.04, for a total transaction of $160,559.28. Following the sale, the insider now owns 10,077 shares of the company’s stock, valued at $1,461,568.08. The trade was a 9.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,107 shares of company stock worth $6,071,809 over the last three months. Corporate insiders own 5.20% of the company’s stock.

Institutional Trading of OSI Systems

Large investors have recently added to or reduced their stakes in the business. FMR LLC boosted its stake in OSI Systems by 4,891.4% in the 3rd quarter. FMR LLC now owns 644,396 shares of the technology company’s stock worth $97,839,000 after purchasing an additional 631,486 shares during the period. World Investment Advisors LLC bought a new position in shares of OSI Systems during the 3rd quarter valued at $16,713,000. Victory Capital Management Inc. raised its holdings in shares of OSI Systems by 713.1% during the 2nd quarter. Victory Capital Management Inc. now owns 97,951 shares of the technology company’s stock valued at $13,470,000 after purchasing an additional 85,904 shares in the last quarter. Great Lakes Advisors LLC bought a new position in shares of OSI Systems during the 2nd quarter valued at $5,208,000. Finally, Edgestream Partners L.P. bought a new position in shares of OSI Systems during the 3rd quarter valued at $5,061,000. 89.21% of the stock is currently owned by institutional investors.

About OSI Systems

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.