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

Shares of OSI Systems, Inc. (NASDAQ:OSIS) have earned a consensus rating of “Buy” from the five brokerages that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a buy recommendation. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $173.00.

Several analysts have weighed in on the company. B. Riley raised their price target on OSI Systems from $165.00 to $180.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Roth Mkm lifted their target price on shares of OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Wells Fargo & Company increased their price target on shares of OSI Systems from $170.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Finally, Bank of America assumed coverage on shares of OSI Systems in a report on Monday, September 30th. They set a “buy” rating and a $175.00 price objective for the company.

Insider Activity at OSI Systems

In related news, CEO Deepak Chopra sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $153.42, for a total transaction of $2,301,300.00. Following the transaction, the chief executive officer now directly owns 424,323 shares in the company, valued at $65,099,634.66. This trade represents a 3.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gerald M. Chizever sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $138.41, for a total value of $415,230.00. Following the completion of the sale, the director now owns 3,462 shares of the company’s stock, valued at $479,175.42. The trade was a 46.43 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,107 shares of company stock valued at $6,071,809. Insiders own 5.20% of the company’s stock.

Hedge Funds Weigh In On OSI Systems

Hedge funds have recently modified their holdings of the company. Quest Partners LLC purchased a new position in shares of OSI Systems during the second quarter valued at approximately $40,000. Cape Investment Advisory Inc. bought a new position in OSI Systems in the 1st quarter worth $63,000. Covestor Ltd lifted its position in shares of OSI Systems by 48,000.0% in the 1st quarter. Covestor Ltd now owns 481 shares of the technology company’s stock worth $69,000 after purchasing an additional 480 shares during the period. Innealta Capital LLC purchased a new stake in shares of OSI Systems in the 2nd quarter worth about $82,000. Finally, International Assets Investment Management LLC boosted its stake in shares of OSI Systems by 15,075.0% during the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 89.21% of the company’s stock.

OSI Systems Trading Up 1.0 %

Shares of OSI Systems stock opened at $152.22 on Tuesday. The company’s 50-day moving average price is $144.31 and its 200-day moving average price is $142.18. The company has a market cap of $2.54 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 1.30 and a beta of 1.10. OSI Systems has a 12-month low of $117.07 and a 12-month high of $158.69. The company has a current ratio of 1.84, a quick ratio of 1.20 and a debt-to-equity ratio of 0.60.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings results on Thursday, October 24th. The technology company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.06 by $0.19. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. The firm had revenue of $344.01 million during the quarter, compared to the consensus estimate of $318.66 million. During the same period last year, the firm earned $0.91 EPS. The business’s quarterly revenue was up 23.2% compared to the same quarter last year. On average, equities analysts expect that OSI Systems will post 9.12 earnings per share for the current fiscal year.

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.