OSI Systems, Inc. (NASDAQ:OSIS) Given Consensus Recommendation of “Buy” by Brokerages

Shares of OSI Systems, Inc. (NASDAQ:OSIS) have earned an average recommendation of “Buy” from the five analysts that are presently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a buy rating. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $209.40.

Several analysts have weighed in on OSIS shares. StockNews.com raised OSI Systems from a “sell” rating to a “hold” rating in a report on Tuesday, December 10th. B. Riley increased their price objective on shares of OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Roth Mkm lifted their target price on shares of OSI Systems from $178.00 to $224.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Oppenheimer increased their price target on shares of OSI Systems from $205.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Finally, Wells Fargo & Company raised their price objective 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 Trading Up 1.0 %

Shares of OSIS opened at $206.04 on Friday. OSI Systems has a twelve month low of $126.57 and a twelve month high of $206.08. The company has a current ratio of 1.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $3.46 billion, a P/E ratio of 26.52, a PEG ratio of 1.66 and a beta of 1.19. The firm’s 50-day moving average is $177.35 and its two-hundred day moving average is $156.98.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.08. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. On average, research analysts predict that OSI Systems will post 9.22 earnings per share for the current fiscal year.

Insider Buying and Selling at OSI Systems

In related news, insider Paul Keith Morben sold 155 shares of the company’s stock in a transaction 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 completion of the transaction, the insider now directly owns 10,077 shares in the company, valued at approximately $2,008,950.72. This represents a 1.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gerald M. Chizever sold 2,701 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $195.83, for a total value of $528,936.83. Following the transaction, the director now owns 5,000 shares in the company, valued at $979,150. This trade represents a 35.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 44,447 shares of company stock worth $7,821,262. Corporate insiders own 5.20% of the company’s stock.

Institutional Investors Weigh In On OSI Systems

Institutional investors have recently bought and sold shares of the stock. Janus Henderson Group PLC boosted its holdings in shares of OSI Systems by 2.5% in the 3rd quarter. Janus Henderson Group PLC now owns 1,209,168 shares of the technology company’s stock valued at $183,589,000 after purchasing an additional 29,858 shares during the last quarter. State Street Corp raised its position in shares of 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 during the period. FMR LLC raised its position 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 worth $97,839,000 after buying an additional 631,486 shares during the period. Geode Capital Management LLC boosted its holdings in OSI Systems by 1.5% in the third 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, Primecap Management Co. CA grew its position in OSI Systems by 4.9% during the third quarter. Primecap Management Co. CA now owns 294,500 shares of the technology company’s stock valued at $44,714,000 after acquiring an additional 13,880 shares during the period. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

OSI Systems Company Profile

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.