Analysts Set OSI Systems, Inc. (NASDAQ:OSIS) Price Target at $228.33

Shares of OSI Systems, Inc. (NASDAQ:OSIS) have been given an average rating of “Moderate Buy” by the six analysts that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $228.33.

Several research firms recently issued reports on OSIS. Wells Fargo & Company reduced their price target on OSI Systems from $220.00 to $210.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Roth Mkm upped their price objective on OSI Systems from $224.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. B. Riley reiterated a “buy” rating and issued a $255.00 price objective (up from $221.00) on shares of OSI Systems in a report on Friday, May 2nd. Wall Street Zen upgraded shares of OSI Systems from a “sell” rating to a “hold” rating in a report on Friday, May 16th. Finally, Oppenheimer upped their price target on shares of OSI Systems from $225.00 to $260.00 and gave the company an “outperform” rating in a research report on Monday, May 5th.

OSI Systems Trading Up 0.5%

Shares of NASDAQ OSIS opened at $225.22 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.11 and a quick ratio of 1.38. OSI Systems has a fifty-two week low of $129.18 and a fifty-two week high of $241.64. The firm has a market capitalization of $3.78 billion, a P/E ratio of 27.40, a P/E/G ratio of 1.89 and a beta of 1.27. The company’s 50 day simple moving average is $222.87 and its 200 day simple moving average is $206.39.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings data on Thursday, May 1st. The technology company reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $2.38 by $0.06. OSI Systems had a net margin of 8.38% and a return on equity of 18.37%. The business had revenue of $444.35 million during the quarter, compared to analysts’ expectations of $436.49 million. During the same quarter in the prior year, the company earned $2.16 EPS. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. On average, analysts predict that OSI Systems will post 9.22 EPS for the current year.

Insider Activity at OSI Systems

In related news, Chairman Deepak Chopra sold 20,000 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $221.79, for a total transaction of $4,435,800.00. Following the sale, the chairman directly owned 339,478 shares of the company’s stock, valued at approximately $75,292,825.62. This represents a 5.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director William Francis Ballhaus, Jr. sold 933 shares of the firm’s stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $219.77, for a total value of $205,045.41. Following the completion of the transaction, the director owned 24,805 shares in the company, valued at approximately $5,451,394.85. This trade represents a 3.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,371 shares of company stock worth $9,784,380 over the last quarter. Corporate insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. State of Wyoming boosted its stake in OSI Systems by 1.9% in the fourth quarter. State of Wyoming now owns 2,698 shares of the technology company’s stock valued at $452,000 after acquiring an additional 51 shares in the last quarter. MetLife Investment Management LLC grew its position in shares of OSI Systems by 0.7% in the fourth quarter. MetLife Investment Management LLC now owns 9,401 shares of the technology company’s stock valued at $1,574,000 after purchasing an additional 61 shares during the last quarter. Park Avenue Securities LLC boosted its stake in OSI Systems by 1.0% in the 2nd quarter. Park Avenue Securities LLC now owns 6,787 shares of the technology company’s stock worth $1,526,000 after buying an additional 65 shares during the last quarter. Summit Investment Advisors Inc. raised its holdings in shares of OSI Systems by 4.7% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,660 shares of the technology company’s stock valued at $278,000 after buying an additional 74 shares during the last quarter. Finally, Hohimer Wealth Management LLC raised its position in shares of OSI Systems by 4.2% during the first quarter. Hohimer Wealth Management LLC now owns 1,927 shares of the technology company’s stock worth $374,000 after purchasing an additional 77 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.