OSI Systems (NASDAQ:OSIS) Earns Buy Rating from Analysts at Citigroup

Citigroup assumed coverage on shares of OSI Systems (NASDAQ:OSIS) in a report published on Wednesday, Marketbeat reports. The firm issued a buy rating and a $345.00 price objective on the technology company’s stock.

Other equities research analysts have also issued research reports about the stock. Roth Mkm lifted their price objective on shares of OSI Systems from $292.00 to $295.00 and gave the company a “buy” rating in a research note on Friday, January 30th. JPMorgan Chase & Co. raised their target price on OSI Systems from $255.00 to $262.00 and gave the company a “neutral” rating in a report on Monday, February 2nd. B. Riley Financial boosted their price target on OSI Systems from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Finally, Weiss Ratings downgraded OSI Systems from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Wednesday. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $301.29.

OSI Systems Trading Up 2.9%

NASDAQ:OSIS opened at $309.68 on Wednesday. The company has a market capitalization of $5.10 billion, a P/E ratio of 35.07, a P/E/G ratio of 2.46 and a beta of 1.34. The stock’s 50 day moving average price is $280.76 and its 200 day moving average price is $270.30. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.31 and a current ratio of 3.15. OSI Systems has a 52 week low of $186.16 and a 52 week high of $311.27.

OSI Systems (NASDAQ:OSIS) last posted its earnings results on Thursday, January 29th. The technology company reported $2.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.52 by $0.06. The firm had revenue of $464.06 million during the quarter, compared to analysts’ expectations of $449.51 million. OSI Systems had a net margin of 8.52% and a return on equity of 18.58%. During the same period in the previous year, the company earned $2.42 earnings per share. The company’s revenue was up 10.5% compared to the same quarter last year. On average, research analysts forecast that OSI Systems will post 9.22 EPS for the current fiscal year.

Insider Transactions at OSI Systems

In related news, Director Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $250.91, for a total value of $5,018,200.00. Following the transaction, the director owned 273,044 shares in the company, valued at $68,509,470.04. This trade represents a 6.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 4.30% of the company’s stock.

Hedge Funds Weigh In On OSI Systems

A number of institutional investors have recently made changes to their positions in the business. Hsbc Holdings PLC bought a new stake in OSI Systems during the 4th quarter valued at approximately $578,000. Rockefeller Capital Management L.P. increased its position in OSI Systems by 44.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 980 shares of the technology company’s stock worth $250,000 after buying an additional 302 shares during the period. World Investment Advisors bought a new position in OSI Systems in the 4th quarter worth approximately $318,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of OSI Systems by 249.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 269 shares of the technology company’s stock worth $69,000 after buying an additional 192 shares during the last quarter. Finally, Mcguire Capital Advisors Inc. bought a new stake in shares of OSI Systems in the fourth quarter valued at approximately $32,000. 89.21% of the stock is currently owned by institutional investors.

OSI Systems Company Profile

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.