OSI Systems (NASDAQ:OSIS) Now Covered by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. began coverage on shares of OSI Systems (NASDAQ:OSIS - Free Report) in a research note published on Friday, MarketBeat reports. The firm issued a neutral rating and a $225.00 price objective on the technology company's stock.

Several other equities research analysts have also weighed in on OSIS. B. Riley boosted their target price on OSI Systems from $180.00 to $221.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Roth Mkm upped their price objective on shares of OSI Systems from $178.00 to $224.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Wells Fargo & Company lifted their target price on shares of OSI Systems from $172.00 to $202.00 and gave the stock an "overweight" rating in a report on Wednesday, December 11th. Oppenheimer upped their price target on shares of OSI Systems from $205.00 to $225.00 and gave the company an "outperform" rating in a report on Friday, January 24th. Finally, StockNews.com cut OSI Systems from a "hold" rating to a "sell" rating in a research report on Monday, February 17th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $212.00.

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OSI Systems Stock Down 0.6 %

Shares of OSIS traded down $1.21 during midday trading on Friday, reaching $199.92. 133,313 shares of the stock were exchanged, compared to its average volume of 210,875. The company has a market cap of $3.36 billion, a price-to-earnings ratio of 25.73, a P/E/G ratio of 1.81 and a beta of 1.19. The company has a quick ratio of 1.25, a current ratio of 1.88 and a debt-to-equity ratio of 0.56. OSI Systems has a 12-month low of $126.57 and a 12-month high of $220.00. The firm has a 50 day simple moving average of $184.60 and a 200-day simple moving average of $163.05.

OSI Systems (NASDAQ:OSIS - Get Free Report) last announced its quarterly earnings results 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 net margin of 8.15% and a return on equity of 18.22%. Research analysts forecast that OSI Systems will post 9.22 EPS for the current year.

Insiders Place Their Bets

In related news, insider Paul Keith Morben sold 155 shares of the stock in a transaction dated 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 owns 10,077 shares of the company's stock, valued at $2,008,950.72. This represents a 1.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Manoocher M. Aliabadi sold 1,728 shares of OSI Systems stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $180.39, for a total value of $311,713.92. Following the sale, the insider now directly owns 80,603 shares in the company, valued at $14,539,975.17. The trade was a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,447 shares of company stock worth $5,519,962 over the last 90 days. Corporate insiders own 5.20% of the company's stock.

Institutional Investors Weigh In On OSI Systems

Several large investors have recently made changes to their positions in OSIS. State of Wyoming increased its holdings in shares of OSI Systems by 1.9% during the fourth quarter. State of Wyoming now owns 2,698 shares of the technology company's stock worth $452,000 after buying an additional 51 shares in the last quarter. Richardson Financial Services Inc. boosted its stake in OSI Systems by 65.6% in the fourth quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company's stock worth $26,000 after purchasing an additional 61 shares in the last quarter. MetLife Investment Management LLC increased its stake in shares of OSI Systems by 0.7% in the fourth quarter. MetLife Investment Management LLC now owns 9,401 shares of the technology company's stock valued at $1,574,000 after buying an additional 61 shares in the last quarter. Summit Investment Advisors Inc. raised its holdings in shares of OSI Systems by 4.7% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,660 shares of the technology company's stock valued at $278,000 after buying an additional 74 shares during the last quarter. Finally, Truvestments Capital LLC lifted its position in OSI Systems by 4.9% during the 4th quarter. Truvestments Capital LLC now owns 2,264 shares of the technology company's stock worth $379,000 after buying an additional 105 shares in the last quarter. 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.