OSI Systems, Inc. (NASDAQ:OSIS) Receives $282.00 Average Target Price from Analysts

Shares of OSI Systems, Inc. (NASDAQ:OSIS) have been given an average recommendation of “Buy” by the seven research firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $282.00.

Several research analysts recently weighed in on the stock. Weiss Ratings raised shares of OSI Systems from a “buy (b)” rating to a “buy (a-)” rating in a research note on Thursday, February 5th. Roth Mkm increased their target price on shares of OSI Systems from $292.00 to $295.00 and gave the stock a “buy” rating in a report on Friday, January 30th. JPMorgan Chase & Co. lifted their price target on shares of OSI Systems from $255.00 to $262.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. Bank of America upped their price objective on shares of OSI Systems from $265.00 to $315.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Finally, B. Riley Financial upped their price objective on shares of OSI Systems from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Friday, January 30th.

OSI Systems Price Performance

OSIS opened at $268.61 on Friday. The company has a fifty day moving average price of $269.96 and a two-hundred day moving average price of $254.61. The firm has a market capitalization of $4.42 billion, a PE ratio of 30.42, a P/E/G ratio of 2.19 and a beta of 1.35. OSI Systems has a 52 week low of $153.40 and a 52 week high of $294.93. 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 (NASDAQ:OSIS) last posted its quarterly earnings results on Thursday, January 29th. The technology company reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.06. OSI Systems had a return on equity of 18.58% and a net margin of 8.52%.The business had revenue of $464.06 million for the quarter, compared to analyst estimates of $449.51 million. During the same period last year, the company earned $2.42 EPS. The firm’s revenue was up 10.5% on a year-over-year basis. As a group, analysts anticipate that OSI Systems will post 9.22 earnings per share for the current year.

Insider Activity

In other news, Director Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $250.91, for a total transaction of $5,018,200.00. Following the transaction, the director owned 273,044 shares in the company, valued at $68,509,470.04. The trade was a 6.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Severin Investments LLC lifted its stake in shares of OSI Systems by 2.6% in the 3rd quarter. Severin Investments LLC now owns 1,884 shares of the technology company’s stock valued at $470,000 after acquiring an additional 48 shares during the last quarter. CIBC Private Wealth Group LLC increased its holdings in OSI Systems by 6.4% in the 4th quarter. CIBC Private Wealth Group LLC now owns 815 shares of the technology company’s stock worth $208,000 after purchasing an additional 49 shares in the last quarter. Richardson Financial Services Inc. increased its holdings in OSI Systems by 58.2% in the 3rd quarter. Richardson Financial Services Inc. now owns 144 shares of the technology company’s stock worth $36,000 after purchasing an additional 53 shares in the last quarter. GAMMA Investing LLC raised its position in OSI Systems by 19.6% in the fourth quarter. GAMMA Investing LLC now owns 330 shares of the technology company’s stock valued at $84,000 after purchasing an additional 54 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of OSI Systems by 12.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 508 shares of the technology company’s stock valued at $130,000 after purchasing an additional 56 shares in the last quarter. Institutional investors and hedge funds own 89.21% of the company’s stock.

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.