Oppenheimer Issues Positive Forecast for OSI Systems (NASDAQ:OSIS) Stock Price

OSI Systems (NASDAQ:OSIS) had its price objective lifted by Oppenheimer from $225.00 to $260.00 in a research note issued to investors on Monday,Benzinga reports. They currently have an outperform rating on the technology company’s stock.

A number of other equities analysts have also commented on the stock. Roth Mkm increased their price target on shares of OSI Systems from $224.00 to $245.00 and gave the stock a “buy” rating in a report on Friday. Wells Fargo & Company lowered their price target on OSI Systems from $220.00 to $210.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. JPMorgan Chase & Co. initiated coverage on OSI Systems in a report on Friday, February 21st. They issued a “neutral” rating and a $225.00 price objective for the company. StockNews.com cut OSI Systems from a “hold” rating to a “sell” rating in a report on Thursday, March 27th. Finally, B. Riley reiterated a “buy” rating and set a $255.00 price target (up from $221.00) on shares of OSI Systems in a research report on Friday. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $228.33.

OSI Systems Price Performance

OSIS opened at $220.56 on Monday. The firm has a 50-day moving average price of $193.38 and a 200-day moving average price of $180.54. The company has a quick ratio of 1.25, a current ratio of 1.88 and a debt-to-equity ratio of 0.56. OSI Systems has a twelve month low of $129.18 and a twelve month high of $227.34. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of 28.39, a PEG ratio of 1.81 and a beta of 1.19.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings results on Thursday, May 1st. The technology company reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.06. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. The firm had revenue of $444.35 million for the quarter, compared to analysts’ expectations of $436.49 million. During the same quarter last year, the firm posted $2.16 EPS. The company’s revenue was up 9.5% compared to the same quarter last year. Equities analysts expect that OSI Systems will post 9.22 EPS for the current year.

Institutional Trading of OSI Systems

Several large investors have recently modified their holdings of OSIS. Capital International Investors purchased a new stake in OSI Systems in the 4th quarter worth approximately $97,258,000. Mawer Investment Management Ltd. bought a new position in shares of OSI Systems during the fourth quarter valued at approximately $63,171,000. Brown Advisory Inc. purchased a new stake in OSI Systems in the fourth quarter worth $45,618,000. FMR LLC boosted its holdings in OSI Systems by 31.6% in the fourth quarter. FMR LLC now owns 847,907 shares of the technology company’s stock valued at $141,965,000 after acquiring an additional 203,511 shares in the last quarter. Finally, Boston Partners increased its position in OSI Systems by 34.7% during the 4th quarter. Boston Partners now owns 237,882 shares of the technology company’s stock valued at $39,911,000 after purchasing an additional 61,304 shares during the period. 89.21% of the stock is owned by 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.