OSI Systems (NASDAQ:OSIS) Earns Neutral Rating from Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. started coverage on shares of OSI Systems (NASDAQ:OSIS) in a report issued on Friday morning, Marketbeat.com reports. The brokerage issued a neutral rating and a $225.00 price target on the technology company’s stock.

OSIS has been the topic of a number of other research reports. StockNews.com lowered shares of OSI Systems from a “hold” rating to a “sell” rating in a research report on Monday, February 17th. B. Riley boosted their price objective on shares of OSI Systems from $180.00 to $221.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Oppenheimer increased their target price on shares of OSI Systems from $205.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Wells Fargo & Company boosted their price target on OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Finally, Roth Mkm upped their price target on OSI Systems from $178.00 to $224.00 and gave the company a “buy” rating in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, OSI Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $212.00.

OSI Systems Stock Down 5.6 %

OSI Systems stock opened at $202.27 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.88 and a quick ratio of 1.25. OSI Systems has a fifty-two week low of $126.57 and a fifty-two week high of $220.00. The firm has a fifty day moving average price of $184.27 and a two-hundred day moving average price of $162.43. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of 26.03, a P/E/G ratio of 1.81 and a beta of 1.19.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings data on Thursday, January 23rd. The technology company reported $2.42 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.08. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. As a group, analysts forecast that OSI Systems will post 9.22 earnings per share for the current year.

Insider Transactions at OSI Systems

In related news, insider Paul Keith Morben sold 155 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $199.36, for a total value of $30,900.80. Following the transaction, the insider now directly owns 10,077 shares in the company, valued at $2,008,950.72. This represents a 1.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $187.66, for a total transaction of $3,753,200.00. Following the sale, the chief executive officer now directly owns 404,323 shares of the company’s stock, valued at $75,875,254.18. This represents a 4.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,447 shares of company stock worth $5,519,962 over the last 90 days. 5.20% of the stock is owned by insiders.

Hedge Funds Weigh In On OSI Systems

Several hedge funds have recently added to or reduced their stakes in the stock. State of Wyoming increased its stake in shares of OSI Systems by 1.9% in the 4th quarter. State of Wyoming now owns 2,698 shares of the technology company’s stock valued at $452,000 after acquiring an additional 51 shares during the last quarter. Richardson Financial Services Inc. grew its holdings in OSI Systems by 65.6% during the fourth quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock valued at $26,000 after purchasing an additional 61 shares during the period. MetLife Investment Management LLC grew its holdings in OSI Systems by 0.7% during the fourth quarter. MetLife Investment Management LLC now owns 9,401 shares of the technology company’s stock valued at $1,574,000 after purchasing an additional 61 shares during the period. Summit Investment Advisors Inc. increased its stake in OSI Systems by 4.7% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,660 shares of the technology company’s stock valued at $278,000 after purchasing an additional 74 shares in the last quarter. Finally, Truvestments Capital LLC raised its holdings in OSI Systems by 4.9% in the fourth quarter. Truvestments Capital LLC now owns 2,264 shares of the technology company’s stock worth $379,000 after purchasing an additional 105 shares during the period. Institutional investors and hedge funds own 89.21% of the company’s stock.

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.