OSI Systems (NASDAQ:OSIS) Price Target Raised to $202.00

OSI Systems (NASDAQ:OSIS) had its price objective hoisted by Wells Fargo & Company from $172.00 to $202.00 in a report published on Wednesday,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

Other equities analysts also recently issued reports about the stock. Bank of America began coverage on shares of OSI Systems in a report on Monday, September 30th. They set a “buy” rating and a $175.00 price target for the company. Roth Mkm increased their price objective on shares of OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a report on Friday, August 23rd. StockNews.com upgraded shares of OSI Systems from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, B. Riley boosted their price objective on shares of OSI Systems from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $179.00.

OSI Systems Trading Down 3.2 %

Shares of NASDAQ OSIS opened at $181.79 on Wednesday. OSI Systems has a 52 week low of $120.42 and a 52 week high of $189.13. The business has a 50 day simple moving average of $155.39 and a 200 day simple moving average of $146.89. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.20 and a current ratio of 1.84. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of 23.86, a PEG ratio of 1.59 and a beta of 1.18.

OSI Systems (NASDAQ:OSIS) last released its earnings results on Thursday, October 24th. The technology company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.06 by $0.19. The firm had revenue of $344.01 million during the quarter, compared to analysts’ expectations of $318.66 million. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. The business’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.91 EPS. On average, research analysts predict that OSI Systems will post 9.13 earnings per share for the current fiscal year.

Insider Activity at OSI Systems

In other OSI Systems news, Director Gerald M. Chizever sold 2,000 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $148.16, for a total transaction of $296,320.00. Following the completion of the sale, the director now directly owns 7,701 shares in the company, valued at $1,140,980.16. This represents a 20.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Manoocher M. Aliabadi sold 1,728 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $180.39, for a total value of $311,713.92. Following the completion of the sale, the insider now directly owns 80,603 shares in the company, valued at $14,539,975.17. This trade represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 63,591 shares of company stock worth $10,456,145. Company insiders own 5.20% of the company’s stock.

Institutional Trading of OSI Systems

A number of hedge funds and other institutional investors have recently modified their holdings of OSIS. Quest Partners LLC bought a new position in shares of OSI Systems during the second quarter worth about $40,000. Innealta Capital LLC acquired a new position in shares of OSI Systems during the second quarter valued at about $82,000. International Assets Investment Management LLC boosted its stake in OSI Systems by 15,075.0% during the 3rd quarter. International Assets Investment Management LLC now owns 607 shares of the technology company’s stock valued at $92,000 after purchasing an additional 603 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in OSI Systems during the 2nd quarter worth approximately $160,000. Finally, nVerses Capital LLC bought a new stake in OSI Systems during the third quarter worth $182,000. Institutional investors own 89.21% of the company’s stock.

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.