OSI Systems, Inc. (NASDAQ:OSIS) Stock Has Consensus Price Target of $276.71 According to Brokerages

Shares of OSI Systems, Inc. (NASDAQ:OSIS) have received a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $276.71.

A number of equities analysts have recently commented on the stock. Bank of America decreased their price target on shares of OSI Systems from $315.00 to $300.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Roth Capital restated a “buy” rating and set a $274.00 price objective on shares of OSI Systems in a research report on Friday, August 21st. Oppenheimer dropped their price objective on shares of OSI Systems from $300.00 to $265.00 and set an “outperform” rating for the company in a report on Thursday, October 8th. B. Riley Financial reiterated a “buy” rating and issued a $265.00 target price (down from $320.00) on shares of OSI Systems in a research report on Friday, August 21st. Finally, Weiss Ratings lowered shares of OSI Systems from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 30th.

OSI Systems Price Performance

Shares of NASDAQ OSIS opened at $200.90 on Wednesday. OSI Systems has a 12 month low of $186.50 and a 12 month high of $311.72. The business has a 50-day moving average of $201.12 and a 200-day moving average of $238.83.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings data on Thursday, August 20th. The technology company reported $3.78 earnings per share for the quarter, topping the consensus estimate of $3.77 by $0.01. The company had revenue of $484.06 million during the quarter, compared to the consensus estimate of $529.72 million. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter last year, the company posted $2.84 earnings per share. OSI Systems has set its FY 2027 guidance at 11.130-11.490 EPS. Analysts predict that OSI Systems will post 11.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On OSI Systems

A number of hedge funds and other institutional investors have recently modified their holdings of OSIS. Transamerica Financial Advisors LLC purchased a new position in shares of OSI Systems during the 2nd quarter valued at about $26,000. Group One Trading LLC bought a new position in OSI Systems during the first quarter valued at approximately $27,000. IFP Advisors Inc grew its position in OSI Systems by 201.9% during the third quarter. IFP Advisors Inc now owns 163 shares of the technology company’s stock valued at $32,000 after acquiring an additional 109 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in OSI Systems during the second quarter valued at approximately $35,000. Finally, Keating Financial Advisory Services Inc. purchased a new position in shares of OSI Systems during the second quarter worth approximately $39,000. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

About OSI Systems

OSI Systems, Inc is a vertically integrated technology company that designs and manufactures specialized electronic systems and components for security, healthcare and aerospace and defense applications. Headquartered in Hawthorne, California, the company serves government agencies, transportation authorities, hospitals and commercial customers in the United States and international markets.

Through its security division, OSI Systems provides inspection and screening systems used at airports, borders, ports and other facilities.