OSI Systems, Inc. (NASDAQ:OSIS) Receives Consensus Rating of “Buy” from Analysts

Shares of OSI Systems, Inc. (NASDAQ:OSIS) have been given a consensus rating of “Buy” by the seven research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $282.00.

Several brokerages recently weighed in on OSIS. Bank of America boosted their price target on shares of OSI Systems from $265.00 to $315.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Roth Mkm lifted their price objective on shares of OSI Systems from $292.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. B. Riley Financial upped their target price on shares of OSI Systems from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Friday, January 30th. UBS Group set a $292.00 price target on shares of OSI Systems in a report on Monday, December 1st. Finally, JPMorgan Chase & Co. boosted their price objective on OSI Systems from $255.00 to $262.00 and gave the stock a “neutral” rating in a research note on Monday, February 2nd.

Insiders Place Their Bets

In related news, Director Deepak Chopra sold 20,000 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $250.91, for a total transaction of $5,018,200.00. Following the sale, the director owned 273,044 shares in the company, valued at approximately $68,509,470.04. This represents a 6.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 4.30% of the company’s stock.

Institutional Investors Weigh In On OSI Systems

Several institutional investors have recently made changes to their positions in OSIS. Advisors Asset Management Inc. grew its holdings in OSI Systems by 4.6% during the 4th quarter. Advisors Asset Management Inc. now owns 22,453 shares of the technology company’s stock valued at $5,727,000 after purchasing an additional 987 shares during the last quarter. Cibc World Markets Corp purchased a new position in shares of OSI Systems during the fourth quarter valued at approximately $274,000. Federated Hermes Inc. grew its stake in shares of OSI Systems by 255.9% during the fourth quarter. Federated Hermes Inc. now owns 5,424 shares of the technology company’s stock valued at $1,383,000 after buying an additional 3,900 shares during the last quarter. CIBC Private Wealth Group LLC grew its stake in shares of OSI Systems by 6.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 815 shares of the technology company’s stock valued at $208,000 after buying an additional 49 shares during the last quarter. Finally, Wedbush Securities Inc. purchased a new stake in shares of OSI Systems in the fourth quarter worth approximately $226,000. Institutional investors own 89.21% of the company’s stock.

OSI Systems Trading Down 0.8%

Shares of OSIS stock opened at $264.98 on Friday. The company has a current ratio of 3.15, a quick ratio of 2.31 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $4.36 billion, a price-to-earnings ratio of 30.01, a price-to-earnings-growth ratio of 2.18 and a beta of 1.35. OSI Systems has a 12-month low of $153.40 and a 12-month high of $294.93. The stock’s 50-day moving average price is $269.91 and its 200-day moving average price is $253.88.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings results on Thursday, January 29th. The technology company reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.06. OSI Systems had a return on equity of 18.58% and a net margin of 8.52%.The business had revenue of $464.06 million during the quarter, compared to analysts’ expectations of $449.51 million. During the same quarter last year, the business posted $2.42 EPS. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. Equities research analysts predict that OSI Systems will post 9.22 EPS for the current fiscal year.

OSI Systems Company Profile

OSI Systems, Inc (NASDAQ: OSIS) is a publicly traded technology company founded in 1987 and headquartered in Hawthorne, California. The company designs, develops and manufactures advanced security and inspection systems, optoelectronic devices and medical imaging equipment. Over its history, OSI Systems has grown its product offerings through internal research and development as well as strategic acquisitions, expanding its capabilities in mission-critical sensing and inspection technologies.

OSI Systems operates three primary business segments.