OSI Systems (NASDAQ:OSIS) Price Target Lowered to $300.00 at Bank of America

OSI Systems (NASDAQ:OSIS) had its price objective lowered by Bank of America from $315.00 to $300.00 in a research note released on Monday,Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

Several other equities analysts have also recently issued reports on the company. Roth Capital reiterated a “buy” rating and issued a $310.00 price target on shares of OSI Systems in a report on Tuesday, May 5th. Citigroup dropped their price objective on OSI Systems from $345.00 to $279.00 and set a “buy” rating for the company in a report on Monday, May 18th. Finally, Weiss Ratings downgraded shares of OSI Systems from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 8th. Six 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, the company has an average rating of “Moderate Buy” and an average target price of $291.86.

OSI Systems Stock Performance

OSIS stock opened at $210.48 on Monday. The company has a 50 day moving average price of $216.54 and a 200 day moving average price of $255.66. OSI Systems has a fifty-two week low of $197.27 and a fifty-two week high of $311.72. The company has a debt-to-equity ratio of 1.12, a current ratio of 3.25 and a quick ratio of 2.42. The stock has a market capitalization of $3.47 billion, a PE ratio of 24.03, a price-to-earnings-growth ratio of 1.59 and a beta of 1.20.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings data on Monday, May 4th. The technology company reported $2.60 EPS for the quarter, beating analysts’ consensus estimates of $2.53 by $0.07. The firm had revenue of $453.25 million for the quarter, compared to analyst estimates of $449.23 million. OSI Systems had a return on equity of 18.84% and a net margin of 8.42%.The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company earned $2.44 EPS. OSI Systems has set its FY 2026 guidance at 10.300-10.550 EPS. Analysts forecast that OSI Systems will post 10.4 EPS for the current year.

Insider Buying and Selling at OSI Systems

In other news, Director Deepak Chopra sold 20,000 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $281.84, for a total value of $5,636,800.00. Following the transaction, the director owned 253,044 shares of the company’s stock, valued at $71,317,920.96. This represents a 7.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On OSI Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. William Blair Investment Management LLC bought a new position in shares of OSI Systems during the fourth quarter worth $48,800,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of OSI Systems in the 3rd quarter valued at $40,222,000. UBS Group AG raised its stake in OSI Systems by 63.8% during the 3rd quarter. UBS Group AG now owns 316,334 shares of the technology company’s stock worth $78,843,000 after buying an additional 123,212 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in OSI Systems during the 2nd quarter worth $13,576,000. Finally, Wellington Management Group LLP bought a new position in OSI Systems during the fourth quarter worth about $12,718,000. Institutional investors 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.