OSI Systems (NASDAQ:OSIS) PT Raised to $180.00

OSI Systems (NASDAQ:OSIS) had its price target lifted by equities research analysts at B. Riley from $165.00 to $180.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. B. Riley’s price objective would suggest a potential upside of 19.09% from the stock’s previous close.

Several other research firms also recently issued reports on OSIS. Roth Mkm upped their price target on OSI Systems from $172.00 to $178.00 and gave the stock a “buy” rating in a research note on Friday. Oppenheimer upped their price target on OSI Systems from $157.00 to $160.00 and gave the stock an “outperform” rating in a research note on Monday, April 29th. Finally, StockNews.com downgraded OSI Systems from a “buy” rating to a “hold” rating in a research note on Saturday, April 27th.

OSI Systems Stock Down 2.0 %

NASDAQ:OSIS traded down $3.13 during trading hours on Friday, hitting $151.15. 62,298 shares of the company’s stock traded hands, compared to its average volume of 109,842. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.89 and a current ratio of 1.47. OSI Systems has a twelve month low of $103.04 and a twelve month high of $158.69. The stock’s fifty day moving average price is $141.56 and its two-hundred day moving average price is $138.13. The firm has a market cap of $2.58 billion, a P/E ratio of 20.79, a P/E/G ratio of 1.51 and a beta of 1.09.

OSI Systems (NASDAQ:OSIS) last issued 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 18.10% and a net margin of 8.56%. The company had revenue of $480.91 million for the quarter, compared to analyst estimates of $467.24 million. During the same period in the prior year, the firm posted $2.66 EPS. The business’s revenue was up 16.8% compared to the same quarter last year. On average, research analysts expect that OSI Systems will post 8.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other OSI Systems news, insider Shalabh Chandra sold 676 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $139.50, for a total value of $94,302.00. Following the completion of the sale, the insider now owns 8,192 shares in the company, valued at approximately $1,142,784. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Shalabh Chandra sold 676 shares of the stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $139.50, for a total value of $94,302.00. Following the completion of the transaction, the insider now directly owns 8,192 shares of the company’s stock, valued at approximately $1,142,784. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Alan I. Edrick sold 13,696 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $142.54, for a total value of $1,952,227.84. Following the completion of the transaction, the chief financial officer now directly owns 296,833 shares of the company’s stock, valued at $42,310,575.82. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,974 shares of company stock worth $7,013,780. 5.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On OSI Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of OSIS. West Paces Advisors Inc. bought a new position in OSI Systems in the 1st quarter valued at $28,000. Global Retirement Partners LLC boosted its position in shares of OSI Systems by 1,021.1% in the 1st quarter. Global Retirement Partners LLC now owns 213 shares of the technology company’s stock worth $30,000 after purchasing an additional 194 shares during the last quarter. Quest Partners LLC bought a new position in shares of OSI Systems in the 2nd quarter worth $40,000. Cape Investment Advisory Inc. bought a new position in shares of OSI Systems in the 1st quarter worth $63,000. Finally, International Assets Investment Management LLC boosted its position in shares of OSI Systems by 3,585.7% in the 4th quarter. International Assets Investment Management LLC now owns 516 shares of the technology company’s stock worth $67,000 after purchasing an additional 502 shares during the last quarter. 89.21% of the stock is owned by institutional investors and hedge funds.

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.