OSI Systems, Inc. (NASDAQ:OSIS) Receives $173.00 Consensus Price Target from Brokerages

Shares of OSI Systems, Inc. (NASDAQ:OSIS) have earned an average recommendation of “Buy” from the five brokerages that are covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have covered the stock in the last year is $173.00.

A number of equities research analysts have weighed in on the company. Wells Fargo & Company raised their price objective on OSI Systems from $170.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Bank of America assumed coverage on OSI Systems in a research note on Monday, September 30th. They set a “buy” rating and a $175.00 price objective for the company. B. Riley raised their price objective on OSI Systems from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Finally, Roth Mkm increased 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.

Insider Buying and Selling

In related news, Director Gerald M. Chizever sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $138.41, for a total value of $415,230.00. Following the sale, the director now directly owns 3,462 shares in the company, valued at $479,175.42. This trade represents a 46.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $2,898,400.00. Following the completion of the sale, the chief executive officer now owns 459,033 shares in the company, valued at approximately $66,523,062.36. This represents a 4.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,107 shares of company stock valued at $6,071,809. Insiders own 5.20% of the company’s stock.

Institutional Trading of OSI Systems

Several large investors have recently added to or reduced their stakes in OSIS. Hohimer Wealth Management LLC acquired a new position in shares of OSI Systems during the 3rd quarter valued at $264,000. Geode Capital Management LLC increased its position in shares of OSI Systems by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 380,092 shares of the technology company’s stock valued at $57,720,000 after purchasing an additional 5,718 shares during the period. Barclays PLC increased its position in shares of OSI Systems by 252.3% during the 3rd quarter. Barclays PLC now owns 35,519 shares of the technology company’s stock valued at $5,392,000 after purchasing an additional 25,437 shares during the period. MML Investors Services LLC increased its position in shares of OSI Systems by 13.9% during the 3rd quarter. MML Investors Services LLC now owns 8,658 shares of the technology company’s stock valued at $1,315,000 after purchasing an additional 1,055 shares during the period. Finally, Orion Portfolio Solutions LLC increased its position in shares of OSI Systems by 3.3% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 3,301 shares of the technology company’s stock valued at $501,000 after purchasing an additional 106 shares during the period. 89.21% of the stock is currently owned by institutional investors and hedge funds.

OSI Systems Price Performance

OSIS stock opened at $165.33 on Tuesday. 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 $117.07 and a 1 year high of $165.75. The firm has a market cap of $2.76 billion, a P/E ratio of 20.78, a price-to-earnings-growth ratio of 1.33 and a beta of 1.10. The stock has a 50-day simple moving average of $145.28 and a 200-day simple moving average of $142.55.

OSI Systems (NASDAQ:OSIS) last posted its earnings results on Thursday, October 24th. The technology company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.19. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. The business had revenue of $344.01 million during the quarter, compared to analyst estimates of $318.66 million. During the same quarter last year, the firm earned $0.91 earnings per share. The company’s revenue for the quarter was up 23.2% compared to the same quarter last year. On average, equities analysts predict that OSI Systems will post 9.12 earnings per share for the current fiscal year.

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.