OSI Systems, Inc. (NASDAQ:OSIS) Receives $179.00 Consensus Target Price from Brokerages

OSI Systems, Inc. (NASDAQ:OSIS) has earned an average recommendation of “Buy” from the five brokerages that are currently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have covered the stock in the last year is $179.00.

Several research analysts have recently weighed in on OSIS shares. Wells Fargo & Company lifted their target price on shares of OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. StockNews.com raised shares of OSI Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, December 10th. Finally, Bank of America initiated coverage on shares of OSI Systems in a research report on Monday, September 30th. They issued a “buy” rating and a $175.00 target price on the stock.

Insider Buying and Selling

In other OSI Systems news, Director Gerald M. Chizever sold 2,000 shares of OSI Systems stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $148.16, for a total value 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. The trade was a 20.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Manoocher M. Aliabadi sold 1,728 shares of OSI Systems stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $180.39, for a total transaction of $311,713.92. Following the completion of the sale, the insider now owns 80,603 shares of the company’s stock, 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. Over the last three months, insiders sold 43,591 shares of company stock worth $7,557,745. 5.20% of the stock is owned by company insiders.

Institutional Trading of OSI Systems

A number of institutional investors have recently added to or reduced their stakes in the business. Arizona State Retirement System lifted its stake in shares of OSI Systems by 2.2% in the second quarter. Arizona State Retirement System now owns 4,532 shares of the technology company’s stock worth $623,000 after buying an additional 97 shares during the last quarter. Orion Portfolio Solutions LLC lifted its stake in shares of OSI Systems by 3.3% in the third quarter. Orion Portfolio Solutions LLC now owns 3,301 shares of the technology company’s stock worth $501,000 after buying an additional 106 shares during the last quarter. US Bancorp DE lifted its stake in shares of OSI Systems by 4.8% in the third quarter. US Bancorp DE now owns 2,418 shares of the technology company’s stock worth $367,000 after buying an additional 111 shares during the last quarter. Inspire Investing LLC lifted its stake in shares of OSI Systems by 7.9% in the third quarter. Inspire Investing LLC now owns 2,741 shares of the technology company’s stock worth $416,000 after buying an additional 200 shares during the last quarter. Finally, Truvestments Capital LLC lifted its stake in shares of OSI Systems by 11.1% in the third quarter. Truvestments Capital LLC now owns 2,159 shares of the technology company’s stock worth $328,000 after buying an additional 216 shares during the last quarter. 89.21% of the stock is currently owned by institutional investors and hedge funds.

OSI Systems Stock Performance

Shares of OSIS opened at $153.35 on Wednesday. The firm’s 50 day moving average is $167.34 and its 200-day moving average is $151.61. The stock has a market capitalization of $2.56 billion, a P/E ratio of 20.02, a P/E/G ratio of 1.55 and a beta of 1.19. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.84 and a quick ratio of 1.20. OSI Systems has a 12-month low of $120.42 and a 12-month high of $189.13.

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