Brokerages Set OSI Systems, Inc. (NASDAQ:OSIS) Target Price at $173.00

OSI Systems, Inc. (NASDAQ:OSIS) has been given an average recommendation of “Buy” by the five analysts that are covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have covered the stock in the last year is $173.00.

OSIS has been the subject of several recent analyst reports. Roth Mkm raised their target price on OSI Systems from $172.00 to $178.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. B. Riley raised their target price on OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Wells Fargo & Company lifted their price objective on OSI Systems from $170.00 to $172.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Finally, Bank of America initiated coverage on OSI Systems in a research report on Monday, September 30th. They set a “buy” rating and a $175.00 price objective for the company.

Insider Transactions at OSI Systems

In other news, CEO Deepak Chopra sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $153.42, for a total value 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. The trade was a 3.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul Keith Morben sold 1,107 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $145.04, for a total value of $160,559.28. Following the completion of the transaction, the insider now directly owns 10,077 shares in the company, valued at $1,461,568.08. The trade was a 9.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,107 shares of company stock worth $6,071,809. Company insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Janus Henderson Group PLC raised its position in shares of OSI Systems by 1.6% during the 1st quarter. Janus Henderson Group PLC now owns 1,249,889 shares of the technology company’s stock valued at $178,508,000 after acquiring an additional 19,683 shares during the last quarter. State Street Corp raised its position in shares of OSI Systems by 0.9% during the 3rd quarter. State Street Corp now owns 727,690 shares of the technology company’s stock valued at $110,485,000 after acquiring an additional 6,514 shares during the last quarter. FMR LLC raised its position in shares of 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 during the last quarter. Geode Capital Management LLC raised its position in shares of OSI Systems by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 380,092 shares of the technology company’s stock valued at $57,720,000 after acquiring an additional 5,718 shares during the last quarter. Finally, Hood River Capital Management LLC raised its position in shares of OSI Systems by 10.6% during the 2nd quarter. Hood River Capital Management LLC now owns 316,788 shares of the technology company’s stock valued at $43,565,000 after acquiring an additional 30,464 shares during the last quarter. Institutional investors and hedge funds own 89.21% of the company’s stock.

OSI Systems Stock Performance

Shares of NASDAQ OSIS opened at $165.33 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.84 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 20.78, a PEG ratio of 1.33 and a beta of 1.10. The stock’s fifty day simple moving average is $145.28 and its 200 day simple moving average is $142.55. OSI Systems has a 52-week low of $117.07 and a 52-week high of $165.75.

OSI Systems (NASDAQ:OSIS) last issued its earnings results on Thursday, October 24th. The technology company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.19. The business had revenue of $344.01 million for the quarter, compared to analysts’ expectations of $318.66 million. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. The company’s quarterly revenue was up 23.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.91 EPS. As a group, sell-side analysts forecast that OSI Systems will post 9.12 earnings per share for the current fiscal year.

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.