Roth Mkm Raises OSI Systems (NASDAQ:OSIS) Price Target to $172.00

OSI Systems (NASDAQ:OSIS) had its price target raised by stock analysts at Roth Mkm from $169.00 to $172.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Roth Mkm’s price target would suggest a potential upside of 27.58% from the stock’s previous close.

Separately, StockNews.com upgraded OSI Systems from a “hold” rating to a “buy” rating in a report on Friday, April 19th.

OSI Systems Price Performance

OSIS stock opened at $134.82 on Friday. The business has a fifty day moving average of $135.68 and a two-hundred day moving average of $127.44. The company has a quick ratio of 0.80, a current ratio of 1.47 and a debt-to-equity ratio of 0.16. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of 18.54, a price-to-earnings-growth ratio of 1.51 and a beta of 0.98. OSI Systems has a 52-week low of $102.02 and a 52-week high of $144.11.

OSI Systems (NASDAQ:OSIS) last posted its earnings results on Thursday, April 25th. The technology company reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.11 by $0.05. OSI Systems had a return on equity of 18.10% and a net margin of 8.56%. The company had revenue of $405.41 million during the quarter, compared to analysts’ expectations of $401.99 million. During the same quarter last year, the firm earned $1.49 earnings per share. The firm’s quarterly revenue was up 33.8% compared to the same quarter last year. As a group, research analysts anticipate that OSI Systems will post 8.07 earnings per share for the current year.

Insider Activity at OSI Systems

In related news, CEO Deepak Chopra sold 20,000 shares of the business’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $129.11, for a total value of $2,582,200.00. Following the sale, the chief executive officer now owns 468,615 shares in the company, valued at approximately $60,502,882.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other OSI Systems news, General Counsel Victor S. Sze sold 15,000 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $130.21, for a total transaction of $1,953,150.00. Following the sale, the general counsel now owns 63,116 shares in the company, valued at approximately $8,218,334.36. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Deepak Chopra sold 20,000 shares of the company’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $129.11, for a total value of $2,582,200.00. Following the sale, the chief executive officer now owns 468,615 shares in the company, valued at approximately $60,502,882.65. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,000 shares of company stock worth $6,503,650. 5.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On OSI Systems

Several large investors have recently bought and sold shares of OSIS. SG Americas Securities LLC purchased a new stake in OSI Systems during the 3rd quarter worth about $118,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of OSI Systems during the 3rd quarter worth about $744,000. Robeco Institutional Asset Management B.V. boosted its position in shares of OSI Systems by 112.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 182,820 shares of the technology company’s stock worth $21,580,000 after acquiring an additional 96,641 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of OSI Systems by 20.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,062 shares of the technology company’s stock worth $361,000 after acquiring an additional 513 shares in the last quarter. Finally, Chatham Capital Group Inc. acquired a new position in shares of OSI Systems during the 3rd quarter worth about $1,730,000. Hedge funds and other institutional investors 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.