Brokerages Set OSI Systems, Inc. (NASDAQ:OSIS) PT at $282.00

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

A number of analysts recently commented on OSIS shares. Roth Mkm increased their price objective on OSI Systems from $292.00 to $295.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Weiss Ratings raised OSI Systems from a “buy (b)” rating to a “buy (a-)” rating in a research note on Wednesday, March 11th. B. Riley Financial increased their price objective on OSI Systems from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Finally, JPMorgan Chase & Co. increased their price objective on OSI Systems from $255.00 to $262.00 and gave the company a “neutral” rating in a research note on Monday, February 2nd.

Insider Activity at OSI Systems

In related news, Director Deepak Chopra sold 20,000 shares of the stock in a transaction on 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 sale, the director owned 273,044 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On OSI Systems

Large investors have recently added to or reduced their stakes in the business. Danske Bank A S purchased a new position in OSI Systems during the third quarter worth about $25,000. Private Trust Co. NA lifted its position in OSI Systems by 179.5% during the fourth quarter. Private Trust Co. NA now owns 123 shares of the technology company’s stock worth $31,000 after buying an additional 79 shares during the period. Mcguire Capital Advisors Inc. purchased a new position in OSI Systems during the fourth quarter worth about $32,000. Salomon & Ludwin LLC purchased a new position in OSI Systems during the third quarter worth about $32,000. Finally, Richardson Financial Services Inc. lifted its position in OSI Systems by 58.2% during the third quarter. Richardson Financial Services Inc. now owns 144 shares of the technology company’s stock worth $36,000 after buying an additional 53 shares during the period. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

OSI Systems Stock Up 2.3%

OSI Systems stock opened at $274.33 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.31 and a current ratio of 3.15. The firm has a market capitalization of $4.52 billion, a price-to-earnings ratio of 31.07, a price-to-earnings-growth ratio of 2.19 and a beta of 1.34. OSI Systems has a fifty-two week low of $164.18 and a fifty-two week high of $306.12. The stock’s fifty day moving average is $274.69 and its two-hundred day moving average is $266.93.

OSI Systems (NASDAQ:OSIS) last posted its earnings results on Thursday, January 29th. The technology company reported $2.58 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 18.58% and a net margin of 8.52%.OSI Systems’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.42 earnings per share. Analysts predict that OSI Systems will post 9.22 EPS for the current fiscal year.

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.