OSI Systems (NASDAQ:OSIS) Price Target Raised to $224.00

OSI Systems (NASDAQ:OSIS) had its price target hoisted by Roth Mkm from $178.00 to $224.00 in a research note released on Friday morning,Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

OSIS has been the subject of a number of other research reports. 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. B. Riley raised their price target on shares of OSI Systems from $180.00 to $221.00 and gave the stock a “buy” rating in a research note on Friday. Bank of America assumed coverage on shares of OSI Systems in a report on Monday, September 30th. They set a “buy” rating and a $175.00 price objective for the company. StockNews.com raised shares of OSI Systems from a “sell” rating to a “hold” rating in a report on Tuesday, December 10th. Finally, Oppenheimer raised their price objective on shares of OSI Systems from $205.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $209.40.

OSI Systems Stock Up 3.5 %

OSIS stock opened at $199.87 on Friday. 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 52-week low of $126.57 and a 52-week high of $200.14. The company has a 50-day moving average of $171.97 and a two-hundred day moving average of $154.08. The stock has a market capitalization 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 released its earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.08. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. As a group, equities research analysts anticipate that OSI Systems will post 9.13 EPS for the current year.

Insider Buying and Selling at OSI Systems

In other news, CEO Deepak Chopra sold 15,000 shares of OSI Systems stock in a transaction on Monday, November 11th. The shares were sold at an average price of $153.42, for a total transaction of $2,301,300.00. Following the transaction, the chief executive officer now directly owns 424,323 shares of the company’s stock, valued at $65,099,634.66. This trade represents a 3.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Manoocher M. Aliabadi sold 2,509 shares of OSI Systems stock in a transaction on Friday, December 13th. The stock was sold at an average price of $180.02, for a total transaction of $451,670.18. Following the transaction, the insider now directly owns 78,094 shares in the company, valued at approximately $14,058,481.88. This represents a 3.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 43,591 shares of company stock valued at $7,557,745. 5.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On OSI Systems

Several institutional investors have recently added to or reduced their stakes in OSIS. Richardson Financial Services Inc. increased its stake in shares of OSI Systems by 65.6% during the 4th quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock worth $26,000 after purchasing an additional 61 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of 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 worth $92,000 after purchasing an additional 603 shares during the last quarter. KBC Group NV increased its stake in shares of OSI Systems by 37.1% during the 4th quarter. KBC Group NV now owns 699 shares of the technology company’s stock worth $117,000 after purchasing an additional 189 shares during the last quarter. nVerses Capital LLC acquired a new position in shares of OSI Systems during the 3rd quarter worth about $182,000. Finally, Hohimer Wealth Management LLC acquired a new position in shares of OSI Systems during the 3rd quarter worth about $264,000. 89.21% of the stock is 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.