Oppenheimer Raises OSI Systems (NASDAQ:OSIS) Price Target to $225.00

OSI Systems (NASDAQ:OSIS) had its price target hoisted by equities research analysts at Oppenheimer from $205.00 to $225.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the technology company’s stock. Oppenheimer’s price objective would suggest a potential upside of 12.57% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Bank of America began coverage on OSI Systems in a research note on Monday, September 30th. They set a “buy” rating and a $175.00 target price on the stock. B. Riley boosted their target price on shares of OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a research note on Friday. StockNews.com raised shares of OSI Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, December 10th. Finally, Wells Fargo & Company lifted their price target on shares of OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, OSI Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $209.40.

OSI Systems Trading Up 3.5 %

NASDAQ:OSIS opened at $199.87 on Friday. OSI Systems has a 52 week low of $126.57 and a 52 week high of $200.14. The firm has a 50-day moving average price of $171.97 and a two-hundred day moving average price of $153.95. 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 firm has a market cap of $3.34 billion, a price-to-earnings ratio of 26.09, a price-to-earnings-growth ratio of 1.44 and a beta of 1.19.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.08. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. On average, equities analysts expect that OSI Systems will post 9.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other OSI Systems news, Director Gerald M. Chizever sold 2,000 shares of the 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 sale, the director now 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 legal filing with the SEC, which is available at this link. Also, insider Manoocher M. Aliabadi sold 1,728 shares of OSI Systems stock in a transaction on 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 transaction, the insider now owns 80,603 shares of the company’s stock, valued at approximately $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. Insiders sold 43,591 shares of company stock worth $7,557,745 over the last quarter. 5.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On OSI Systems

A number of institutional investors and hedge funds have recently modified their holdings of the company. Richardson Financial Services Inc. grew its position in OSI Systems by 65.6% during the fourth quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock worth $26,000 after buying an additional 61 shares in the last quarter. Orion Portfolio Solutions LLC increased its position 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 purchasing an additional 106 shares during the last quarter. US Bancorp DE raised its stake in OSI Systems by 4.8% in the third quarter. US Bancorp DE now owns 2,418 shares of the technology company’s stock valued at $367,000 after purchasing an additional 111 shares in the last quarter. KBC Group NV lifted its position in OSI Systems by 37.1% during the fourth quarter. KBC Group NV now owns 699 shares of the technology company’s stock valued at $117,000 after purchasing an additional 189 shares during the last quarter. Finally, Inspire Investing LLC grew its stake in OSI Systems by 7.9% in the 3rd quarter. Inspire Investing LLC now owns 2,741 shares of the technology company’s stock worth $416,000 after buying an additional 200 shares in the last quarter. 89.21% of the stock is owned by hedge funds and other institutional investors.

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.