Brokerages Set OSI Systems, Inc. (NASDAQ:OSIS) Price Target at $179.00

OSI Systems, Inc. (NASDAQ:OSIS) has earned an average recommendation of “Buy” from the five research firms that are covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a buy rating. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $179.00.

OSIS has been the topic of a number of research reports. Wells Fargo & Company boosted their target price on shares of OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. StockNews.com raised shares of OSI Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, December 10th. Finally, Bank of America started coverage on shares of OSI Systems in a report on Monday, September 30th. They issued a “buy” rating and a $175.00 price target on the stock.

OSI Systems Trading Down 2.7 %

Shares of OSIS stock opened at $153.35 on Wednesday. OSI Systems has a 1 year low of $120.42 and a 1 year high of $189.13. The firm’s fifty day simple moving average is $167.34 and its 200 day simple moving average is $151.61. The firm has a market capitalization of $2.56 billion, a P/E ratio of 20.02, a price-to-earnings-growth ratio of 1.55 and a beta of 1.19. 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 (NASDAQ:OSIS) last announced 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. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. The business had revenue of $344.01 million for the quarter, compared to analyst estimates of $318.66 million. During the same quarter in the previous year, the firm posted $0.91 earnings per share. OSI Systems’s revenue was up 23.2% compared to the same quarter last year. As a group, sell-side analysts predict that OSI Systems will post 9.13 EPS for the current year.

Insider Buying and Selling at OSI Systems

In other news, Director Gerald M. Chizever sold 2,000 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $148.16, for a total value of $296,320.00. Following the sale, the director now owns 7,701 shares in the company, valued at approximately $1,140,980.16. The trade was a 20.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Alan I. Edrick sold 2,354 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $188.42, for a total transaction of $443,540.68. Following the completion of the sale, the chief financial officer now owns 312,444 shares in the company, valued at $58,870,698.48. This represents a 0.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,591 shares of company stock valued at $7,557,745 in the last 90 days. 5.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On OSI Systems

Several institutional investors and hedge funds have recently made changes to their positions in OSIS. FMR LLC boosted its stake in shares of OSI Systems by 4,891.4% in the 3rd quarter. FMR LLC now owns 644,396 shares of the technology company’s stock valued at $97,839,000 after purchasing an additional 631,486 shares in the last quarter. World Investment Advisors LLC acquired a new position in OSI Systems during the 3rd quarter worth about $16,713,000. Victory Capital Management Inc. lifted its position in OSI Systems by 713.1% during the 2nd quarter. Victory Capital Management Inc. now owns 97,951 shares of the technology company’s stock worth $13,470,000 after buying an additional 85,904 shares in the last quarter. Edgestream Partners L.P. acquired a new position in OSI Systems during the 3rd quarter worth about $5,061,000. Finally, Envestnet Asset Management Inc. lifted its position in OSI Systems by 174.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 50,373 shares of the technology company’s stock worth $6,927,000 after buying an additional 32,029 shares in the last quarter. 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.