OSI Systems (NASDAQ:OSIS) Price Target Increased to $160.00 by Analysts at Oppenheimer

OSI Systems (NASDAQ:OSIS) had its target price lifted by Oppenheimer from $157.00 to $160.00 in a report released on Monday, Benzinga reports. They currently have an outperform rating on the technology company’s stock.

A number of other research firms have also recently issued reports on OSIS. Roth Mkm lifted their target price on shares of OSI Systems from $169.00 to $172.00 and gave the company a buy rating in a research note on Friday, April 26th. StockNews.com cut shares of OSI Systems from a buy rating to a hold rating in a research note on Saturday, April 27th.

OSI Systems Price Performance

NASDAQ OSIS opened at $131.07 on Monday. The company has a quick ratio of 0.89, a current ratio of 1.47 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $2.23 billion, a PE ratio of 18.03, a price-to-earnings-growth ratio of 1.53 and a beta of 0.98. The company has a 50 day moving average price of $135.69 and a two-hundred day moving average price of $127.73. OSI Systems has a 12-month low of $103.04 and a 12-month high of $144.11.

OSI Systems (NASDAQ:OSIS) last posted its earnings results on Thursday, April 25th. The technology company reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.11 by $0.05. The firm had revenue of $405.41 million during the quarter, compared to analysts’ expectations of $401.99 million. OSI Systems had a net margin of 8.56% and a return on equity of 18.10%. The company’s revenue was up 33.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.49 earnings per share. As a group, equities analysts predict that OSI Systems will post 8.09 earnings per share for the current fiscal year.

Insider Transactions at OSI Systems

In other news, insider Paul Keith Morben sold 310 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $133.02, for a total value of $41,236.20. Following the completion of the sale, the insider now directly owns 8,834 shares in the company, valued at $1,175,098.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, General Counsel Victor S. Sze sold 15,000 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $130.21, for a total value of $1,953,150.00. Following the completion of the sale, the general counsel now directly owns 63,116 shares in the company, valued at $8,218,334.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Paul Keith Morben sold 310 shares of the company’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $133.02, for a total transaction of $41,236.20. Following the transaction, the insider now owns 8,834 shares of the company’s stock, valued at $1,175,098.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,065 shares of company stock worth $2,901,988. 5.60% of the stock is owned by insiders.

Hedge Funds Weigh In On OSI Systems

Several large investors have recently bought and sold shares of OSIS. Norges Bank acquired a new position in OSI Systems during the 4th quarter valued at $14,921,000. Vanguard Group Inc. raised its stake in OSI Systems by 5.4% during the 4th quarter. Vanguard Group Inc. now owns 2,097,875 shares of the technology company’s stock valued at $270,731,000 after purchasing an additional 107,383 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in OSI Systems by 112.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 182,820 shares of the technology company’s stock valued at $21,580,000 after purchasing an additional 96,641 shares during the last quarter. SG Capital Management LLC raised its stake in OSI Systems by 2,952.6% during the 4th quarter. SG Capital Management LLC now owns 75,919 shares of the technology company’s stock valued at $9,797,000 after purchasing an additional 73,432 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in OSI Systems by 208.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 61,800 shares of the technology company’s stock valued at $7,295,000 after purchasing an additional 41,792 shares during the last quarter. 89.21% of the stock is currently owned by institutional investors and hedge funds.

OSI Systems Company Profile

OSI Systems, Inc designs and manufactures electronic systems and components. It operates in three segments: Security, Healthcare, and Optoelectronics and Manufacturing. The Security segment offers baggage and parcel inspection, cargo and vehicle inspection, hold baggage and people screening, radiation monitoring, explosive and narcotics trace detection systems, and optical inspection systems under the Rapiscan name.