OSI Systems, Inc. (NASDAQ:OSIS) Receives Average Rating of “Moderate Buy” from Analysts

Shares of OSI Systems, Inc. (NASDAQ:OSIS) have been given a consensus rating of “Moderate Buy” by the six ratings firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $212.00.

Several equities research analysts have recently issued reports on OSIS shares. StockNews.com lowered shares of OSI Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, February 26th. Wells Fargo & Company upped their price objective on shares of OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Oppenheimer boosted their target price on shares of OSI Systems from $205.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. JPMorgan Chase & Co. began coverage on OSI Systems in a report on Friday, February 21st. They issued a “neutral” rating and a $225.00 price objective on the stock. Finally, B. Riley raised their target price on OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a research report on Friday, January 24th.

OSI Systems Trading Down 3.1 %

NASDAQ OSIS opened at $199.88 on Thursday. The company has a fifty day simple moving average of $187.13 and a two-hundred day simple moving average of $165.22. The company has a current ratio of 1.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.56. The stock has a market cap of $3.36 billion, a P/E ratio of 25.72, a P/E/G ratio of 1.81 and a beta of 1.19. OSI Systems has a 12-month low of $126.57 and a 12-month high of $220.00.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings data on Thursday, January 23rd. The technology company reported $2.42 EPS for the quarter, topping the consensus estimate of $2.34 by $0.08. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. On average, analysts forecast that OSI Systems will post 9.22 earnings per share for the current year.

Insider Activity at OSI Systems

In other OSI Systems news, insider Manoocher M. Aliabadi sold 1,728 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $180.39, for a total transaction of $311,713.92. Following the completion of the sale, the insider now owns 80,603 shares of the company’s stock, valued at $14,539,975.17. This trade represents a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul Keith Morben sold 155 shares of the company’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $199.36, for a total value of $30,900.80. Following the completion of the transaction, the insider now directly owns 10,077 shares in the company, valued at approximately $2,008,950.72. This trade represents a 1.51 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,447 shares of company stock valued at $5,519,962. 5.20% of the stock is currently owned by insiders.

Institutional Trading of OSI Systems

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Aster Capital Management DIFC Ltd acquired a new position in shares of OSI Systems in the 4th quarter worth approximately $25,000. Richardson Financial Services Inc. grew its position in OSI Systems by 65.6% in the 4th quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock valued at $26,000 after acquiring an additional 61 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of OSI Systems by 243.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company’s stock worth $46,000 after purchasing an additional 195 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of OSI Systems by 15,075.0% in the third quarter. International Assets Investment Management LLC now owns 607 shares of the technology company’s stock valued at $92,000 after purchasing an additional 603 shares during the period. Finally, CIBC Private Wealth Group LLC grew its holdings in shares of OSI Systems by 241.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 683 shares of the technology company’s stock valued at $108,000 after purchasing an additional 483 shares in the last quarter. 89.21% of the stock is 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.