OSI Systems (NASDAQ:OSIS) PT Raised to $172.00

OSI Systems (NASDAQ:OSIS) had its target price lifted by investment analysts at Roth Mkm from $169.00 to $172.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Roth Mkm’s price target would indicate a potential upside of 27.74% from the stock’s previous close.

Separately, StockNews.com upgraded shares of OSI Systems from a “hold” rating to a “buy” rating in a report on Friday, April 19th.

OSI Systems Trading Up 0.4 %

Shares of OSIS traded up $0.50 during mid-day trading on Friday, hitting $134.65. 40,106 shares of the company’s stock traded hands, compared to its average volume of 92,772. The company has a quick ratio of 0.80, a current ratio of 1.43 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $2.30 billion, a P/E ratio of 20.28, a PEG ratio of 1.58 and a beta of 0.98. The business’s 50-day moving average price is $135.67 and its 200-day moving average price is $127.30. OSI Systems has a 1 year low of $102.02 and a 1 year high of $144.11.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings data 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. OSI Systems had a net margin of 8.31% and a return on equity of 17.35%. The business had revenue of $405.41 million for the quarter, compared to the consensus estimate of $401.99 million. During the same period in the previous year, the firm earned $1.49 EPS. The company’s quarterly revenue was up 33.8% compared to the same quarter last year. As a group, sell-side analysts forecast that OSI Systems will post 8.03 EPS for the current fiscal year.

Insider Activity

In related news, General Counsel Victor S. Sze sold 15,000 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $131.22, for a total transaction of $1,968,300.00. Following the completion of the transaction, the general counsel now owns 78,116 shares in the company, valued at $10,250,381.52. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other OSI Systems news, General Counsel Victor S. Sze sold 15,000 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $131.22, for a total transaction of $1,968,300.00. Following the transaction, the general counsel now owns 78,116 shares in the company, valued at $10,250,381.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Deepak Chopra sold 20,000 shares of the stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $129.11, for a total value of $2,582,200.00. Following the completion of the sale, the chief executive officer now owns 468,615 shares in the company, valued at $60,502,882.65. The disclosure for this sale can be found here. Insiders have sold a total of 50,000 shares of company stock valued at $6,503,650 in the last ninety days. Corporate insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On OSI Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in OSIS. Parkside Financial Bank & Trust raised its position in shares of OSI Systems by 27.1% in the 3rd quarter. Parkside Financial Bank & Trust now owns 422 shares of the technology company’s stock valued at $50,000 after purchasing an additional 90 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of OSI Systems by 4.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,896 shares of the technology company’s stock worth $503,000 after purchasing an additional 178 shares during the period. Global Retirement Partners LLC grew its position in OSI Systems by 1,021.1% during the first quarter. Global Retirement Partners LLC now owns 213 shares of the technology company’s stock valued at $30,000 after buying an additional 194 shares during the period. Bridge City Capital LLC increased its stake in shares of OSI Systems by 0.8% in the 1st quarter. Bridge City Capital LLC now owns 24,618 shares of the technology company’s stock valued at $3,516,000 after purchasing an additional 194 shares in the last quarter. Finally, West Paces Advisors Inc. purchased a new stake in shares of OSI Systems in the first quarter valued at approximately $28,000. Hedge funds and other institutional investors own 89.21% of the company’s stock.

About OSI Systems

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.