OSI Systems (NASDAQ:OSIS) PT Raised to $157.00 at Oppenheimer

OSI Systems (NASDAQ:OSIS) had its price objective hoisted by investment analysts at Oppenheimer from $133.00 to $157.00 in a research note issued on Friday, Marketbeat reports. The firm presently has an “outperform” rating on the technology company’s stock. Oppenheimer’s price target would suggest a potential upside of 17.14% from the company’s previous close.

Several other research analysts also recently commented on OSIS. StockNews.com downgraded OSI Systems from a “strong-buy” rating to a “buy” rating in a research note on Thursday. B. Riley lifted their target price on OSI Systems from $137.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday. Four analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $162.33.

OSI Systems Stock Down 1.9 %

OSIS stock opened at $134.03 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.47 and a debt-to-equity ratio of 0.19. The business has a 50 day moving average price of $119.26 and a two-hundred day moving average price of $110.79. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 25.10, a P/E/G ratio of 1.60 and a beta of 0.91. OSI Systems has a twelve month low of $69.31 and a twelve month high of $139.90.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings results on Thursday, August 24th. The technology company reported $2.66 earnings per share for the quarter, beating analysts’ consensus estimates of $2.54 by $0.12. The firm had revenue of $336.80 million during the quarter, compared to the consensus estimate of $382.90 million. OSI Systems had a return on equity of 16.02% and a net margin of 7.18%. The business’s revenue was down 18.2% compared to the same quarter last year. During the same period last year, the company earned $1.96 earnings per share. Analysts anticipate that OSI Systems will post 7.76 EPS for the current fiscal year.

Insider Activity at OSI Systems

In related news, Director William Francis Ballhaus, Jr. sold 1,025 shares of the business’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $125.72, for a total value of $128,863.00. Following the completion of the sale, the director now directly owns 22,935 shares in the company, valued at approximately $2,883,388.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other OSI Systems news, Director William Francis Ballhaus, Jr. sold 1,025 shares of OSI Systems stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $125.72, for a total value of $128,863.00. Following the completion of the transaction, the director now directly owns 22,935 shares of the company’s stock, valued at approximately $2,883,388.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Deepak Chopra sold 27,380 shares of OSI Systems stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $118.95, for a total value of $3,256,851.00. Following the completion of the transaction, the chief executive officer now directly owns 474,848 shares of the company’s stock, valued at $56,483,169.60. The disclosure for this sale can be found here. Insiders sold 91,905 shares of company stock worth $11,292,939 in the last ninety days. 6.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On OSI Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. raised its holdings in OSI Systems by 7.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,310 shares of the technology company’s stock valued at $154,000 after acquiring an additional 95 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of OSI Systems by 2.3% during the 1st quarter. Arizona State Retirement System now owns 4,639 shares of the technology company’s stock worth $475,000 after buying an additional 105 shares in the last quarter. Financial Gravity Asset Management Inc. acquired a new position in shares of OSI Systems during the 2nd quarter worth $638,000. ProShare Advisors LLC raised its holdings in shares of OSI Systems by 6.7% during the 2nd quarter. ProShare Advisors LLC now owns 2,469 shares of the technology company’s stock worth $291,000 after buying an additional 156 shares in the last quarter. Finally, Lord Abbett & CO. LLC raised its holdings in shares of OSI Systems by 0.3% during the 4th quarter. Lord Abbett & CO. LLC now owns 58,796 shares of the technology company’s stock worth $4,675,000 after buying an additional 159 shares in the last quarter. 91.81% of the stock is owned by institutional investors and hedge funds.

About OSI Systems

OSI Systems, Inc designs and manufactures specialized electronic systems and components for critical applications. The firm operates through the following segments: Security, Healthcare, and Optoelectronics and Manufacturing. The Security segment provides security inspection systems and related services, and turnkey security screening solutions.