OSI Systems, Inc. (NASDAQ:OSIS) Receives $212.00 Consensus Price Target from Brokerages

Shares of OSI Systems, Inc. (NASDAQ:OSIS) have earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $212.00.

OSIS has been the subject of several research analyst reports. JPMorgan Chase & Co. started coverage on shares of OSI Systems in a research report on Friday, February 21st. They set a “neutral” rating and a $225.00 price objective for the company. B. Riley lifted their price target on OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, January 24th. StockNews.com upgraded OSI Systems from a “sell” rating to a “hold” rating in a report on Wednesday, March 19th. Roth Mkm boosted their target price on OSI Systems from $178.00 to $224.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Finally, Wells Fargo & Company raised their price target on shares of OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th.

OSI Systems Price Performance

Shares of OSIS stock opened at $200.30 on Monday. OSI Systems has a 12 month low of $126.57 and a 12 month high of $220.00. The company has a market capitalization of $3.36 billion, a P/E ratio of 25.78, a P/E/G ratio of 1.81 and a beta of 1.20. The stock has a 50 day moving average of $195.48 and a two-hundred day moving average of $170.30. The company has a current ratio of 1.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.56.

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

Insider Transactions at OSI Systems

In other news, insider Paul Keith Morben sold 155 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $199.36, for a total value of $30,900.80. Following the transaction, the insider now owns 10,077 shares in the company, valued at $2,008,950.72. This trade represents a 1.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gerald M. Chizever sold 2,701 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $195.83, for a total transaction of $528,936.83. Following the transaction, the director now owns 5,000 shares in the company, valued at approximately $979,150. This trade represents a 35.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.

Institutional Trading of OSI Systems

Hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp grew its stake in OSI Systems by 0.9% in the 3rd quarter. State Street Corp now owns 727,690 shares of the technology company’s stock worth $110,485,000 after buying an additional 6,514 shares in the last quarter. Park Avenue Securities LLC grew its stake in shares of OSI Systems by 36.0% in the fourth quarter. Park Avenue Securities LLC now owns 6,275 shares of the technology company’s stock worth $1,051,000 after purchasing an additional 1,660 shares during the last quarter. HighTower Advisors LLC bought a new position in shares of OSI Systems during the third quarter valued at approximately $443,000. Citigroup Inc. lifted its position in shares of OSI Systems by 64.9% in the 3rd quarter. Citigroup Inc. now owns 27,320 shares of the technology company’s stock worth $4,148,000 after purchasing an additional 10,753 shares during the period. Finally, FMR LLC boosted its position in OSI Systems by 4,891.4% during the 3rd quarter. FMR LLC now owns 644,396 shares of the technology company’s stock valued at $97,839,000 after acquiring an additional 631,486 shares in the last quarter. 89.21% of the stock is currently owned by 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.