Analysts Set OSI Systems, Inc. (NASDAQ:OSIS) Price Target at $282.00

Shares of OSI Systems, Inc. (NASDAQ:OSIS) have been assigned an average rating of “Buy” from the seven research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $282.00.

OSIS has been the topic of several research analyst reports. UBS Group set a $292.00 price objective on OSI Systems in a research note on Monday, December 1st. JPMorgan Chase & Co. raised their target price on OSI Systems from $255.00 to $262.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. Roth Mkm boosted their target price on OSI Systems from $292.00 to $295.00 and gave the company a “buy” rating in a research note on Friday, January 30th. B. Riley Financial upped their price target on OSI Systems from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Finally, Weiss Ratings raised OSI Systems from a “buy (b)” rating to a “buy (a-)” rating in a report on Wednesday.

OSI Systems Stock Performance

NASDAQ OSIS opened at $275.50 on Tuesday. The company has a market capitalization of $4.54 billion, a PE ratio of 31.20, a price-to-earnings-growth ratio of 2.28 and a beta of 1.32. 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 $153.40 and a 52-week high of $306.12. The company has a 50-day simple moving average of $276.84 and a 200 day simple moving average of $261.67.

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

Insider Buying and Selling

In other news, Director Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction dated 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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.30% of the stock is currently owned by company insiders.

Institutional Trading of OSI Systems

A number of institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd boosted its holdings in OSI Systems by 249.4% in the 4th 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 period. Mcguire Capital Advisors Inc. bought a new stake in OSI Systems during the 4th quarter valued at $32,000. Wellington Management Group LLP purchased a new stake in shares of OSI Systems during the fourth quarter worth $12,718,000. Susquehanna Fundamental Investments LLC bought a new position in shares of OSI Systems in the fourth quarter worth $364,000. Finally, Odyssean LLC bought a new position in shares of OSI Systems in the fourth quarter worth $700,000. 89.21% of the stock is currently owned by hedge funds and other 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.