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

OSI Systems (NASDAQ:OSIS) had its price target hoisted by Oppenheimer from $205.00 to $225.00 in a report issued on Friday,Benzinga reports. They currently have an outperform rating on the technology company’s stock.

Several other analysts have also recently issued reports on OSIS. Bank of America started coverage on OSI Systems in a report on Monday, September 30th. They set a “buy” rating and a $175.00 price objective on the stock. StockNews.com upgraded OSI Systems from a “sell” rating to a “hold” rating in a report on Tuesday, December 10th. B. Riley increased their price target on OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a report on Friday. Finally, Wells Fargo & Company increased their price target on OSI Systems from $172.00 to $202.00 and gave the company 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 given a buy rating to the company’s stock. According to MarketBeat.com, OSI Systems currently has an average rating of “Moderate Buy” and a consensus price target of $209.40.

OSI Systems Stock Up 3.5 %

NASDAQ OSIS opened at $199.87 on Friday. The stock’s 50 day moving average is $171.97 and its 200 day moving average is $154.08. The company has a current ratio of 1.84, a quick ratio of 1.20 and a debt-to-equity ratio of 0.60. OSI Systems has a 12 month low of $126.57 and a 12 month high of $200.14. The stock has a market cap of $3.34 billion, a PE ratio of 26.09, a P/E/G ratio of 1.44 and a beta of 1.19.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings results 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 18.17% and a net margin of 8.31%. Research analysts predict that OSI Systems will post 9.13 EPS for the current fiscal year.

Insider Transactions at OSI Systems

In other news, Director Gerald M. Chizever sold 2,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $148.16, for a total value of $296,320.00. Following the completion of the transaction, the director now directly owns 7,701 shares in the company, valued at $1,140,980.16. This trade represents a 20.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Manoocher M. Aliabadi sold 2,509 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $180.02, for a total value of $451,670.18. Following the completion of the transaction, the insider now owns 78,094 shares of the company’s stock, valued at approximately $14,058,481.88. The trade was a 3.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,591 shares of company stock valued at $7,557,745. 5.20% of the stock is currently owned by corporate insiders.

Institutional Trading of OSI Systems

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Richardson Financial Services Inc. grew its holdings in OSI Systems by 65.6% in 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. International Assets Investment Management LLC boosted its stake in shares of OSI Systems by 15,075.0% in the third quarter. International Assets Investment Management LLC now owns 607 shares of the technology company’s stock worth $92,000 after acquiring an additional 603 shares during the last quarter. KBC Group NV boosted its stake in shares of OSI Systems by 37.1% in the fourth quarter. KBC Group NV now owns 699 shares of the technology company’s stock worth $117,000 after acquiring an additional 189 shares during the last quarter. nVerses Capital LLC acquired a new stake in shares of OSI Systems in the third quarter worth approximately $182,000. Finally, Hohimer Wealth Management LLC acquired a new stake in shares of OSI Systems in the third quarter worth approximately $264,000. 89.21% of the stock is owned by institutional investors and hedge funds.

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.