OSI Systems (NASDAQ:OSIS) Given New $262.00 Price Target at JPMorgan Chase & Co.

OSI Systems (NASDAQ:OSIS) had its target price boosted by JPMorgan Chase & Co. from $255.00 to $262.00 in a research report report published on Monday morning,Benzinga reports. They currently have a neutral rating on the technology company’s stock.

A number of other equities research analysts have also weighed in on the stock. UBS Group set a $292.00 price objective on shares of OSI Systems in a report on Monday, December 1st. B. Riley boosted their price target on OSI Systems from $300.00 to $320.00 and gave the company a “buy” rating in a report on Friday. Weiss Ratings reissued a “buy (b)” rating on shares of OSI Systems in a research note on Thursday, January 22nd. Bank of America lifted their target price on OSI Systems from $265.00 to $315.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Finally, Roth Mkm increased their price target on OSI Systems from $292.00 to $295.00 and gave the stock a “buy” rating in a research report on Friday. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, OSI Systems presently has a consensus rating of “Moderate Buy” and an average price target of $282.00.

OSI Systems Trading Up 1.0%

OSIS stock opened at $252.72 on Monday. OSI Systems has a twelve month low of $153.40 and a twelve month high of $294.93. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of 28.62, a price-to-earnings-growth ratio of 2.07 and a beta of 1.35. The company has a quick ratio of 2.31, a current ratio of 3.15 and a debt-to-equity ratio of 1.18. The firm’s fifty day simple moving average is $270.72 and its two-hundred day simple moving average is $251.83.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings data on Thursday, January 29th. The technology company reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.52 by $0.06. The company had revenue of $464.06 million for the quarter, compared to analyst estimates of $449.51 million. OSI Systems had a net margin of 8.52% and a return on equity of 18.58%. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.42 EPS. As a group, analysts anticipate that OSI Systems will post 9.22 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director James B. Hawkins sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $283.15, for a total transaction of $424,725.00. Following the completion of the transaction, the director owned 5,036 shares in the company, valued at $1,425,943.40. The trade was a 22.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Paul Keith Morben sold 416 shares of the stock in a transaction on Friday, November 7th. The shares were sold at an average price of $279.10, for a total value of $116,105.60. Following the sale, the insider owned 8,540 shares of the company’s stock, valued at approximately $2,383,514. This represents a 4.64% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 21,916 shares of company stock worth $6,255,631. 4.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On OSI Systems

Hedge funds have recently modified their holdings of the stock. Danske Bank A S acquired a new position in OSI Systems during the 3rd quarter valued at approximately $25,000. Bessemer Group Inc. increased its position in shares of OSI Systems by 78.7% in the 2nd quarter. Bessemer Group Inc. now owns 134 shares of the technology company’s stock valued at $30,000 after acquiring an additional 59 shares during the period. Private Trust Co. NA raised its stake in OSI Systems by 179.5% in the 4th quarter. Private Trust Co. NA now owns 123 shares of the technology company’s stock worth $31,000 after acquiring an additional 79 shares during the last quarter. Salomon & Ludwin LLC acquired a new stake in OSI Systems during the 3rd quarter worth about $32,000. Finally, Richardson Financial Services Inc. lifted its position in OSI Systems by 58.2% during the 3rd quarter. Richardson Financial Services Inc. now owns 144 shares of the technology company’s stock worth $36,000 after acquiring an additional 53 shares during the period. Institutional investors and hedge funds own 89.21% of the company’s stock.

About OSI Systems

OSI Systems, Inc (NASDAQ: OSIS) is a publicly traded technology company founded in 1987 and headquartered in Hawthorne, California. The company designs, develops and manufactures advanced security and inspection systems, optoelectronic devices and medical imaging equipment. Over its history, OSI Systems has grown its product offerings through internal research and development as well as strategic acquisitions, expanding its capabilities in mission-critical sensing and inspection technologies.

OSI Systems operates three primary business segments.