OSI Systems (NASDAQ:OSIS) Price Target Raised to $172.00 at Wells Fargo & Company

OSI Systems (NASDAQ:OSIS - Free Report) had its price objective increased by Wells Fargo & Company from $170.00 to $172.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has an overweight rating on the technology company's stock.

Other analysts have also issued research reports about the company. B. Riley boosted their price target on OSI Systems from $165.00 to $180.00 and gave the company a "buy" rating in a research note on Friday, August 23rd. Bank of America began coverage on OSI Systems in a report on Monday, September 30th. They set a "buy" rating and a $175.00 price objective for the company. Finally, Roth Mkm upped their target price on shares of OSI Systems from $172.00 to $178.00 and gave the stock a "buy" rating in a report on Friday, August 23rd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, OSI Systems presently has an average rating of "Moderate Buy" and a consensus price target of $173.00.

OSI Systems Stock Performance

OSI Systems stock traded up $2.15 on Tuesday, hitting $133.56. The company's stock had a trading volume of 255,898 shares, compared to its average volume of 120,534. The company has a fifty day moving average price of $144.76 and a 200-day moving average price of $141.38. The firm has a market cap of $2.21 billion, a P/E ratio of 17.44, a price-to-earnings-growth ratio of 1.25 and a beta of 1.08. OSI Systems has a one year low of $103.04 and a one year high of $158.69. The company has a quick ratio of 1.20, a current ratio of 1.84 and a debt-to-equity ratio of 0.60.

OSI Systems (NASDAQ:OSIS - Get Free Report) last posted its earnings results on Thursday, October 24th. The technology company reported $1.25 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.19. The business had revenue of $344.01 million for the quarter, compared to analysts' expectations of $318.66 million. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. The firm's revenue for the quarter was up 23.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.91 earnings per share. On average, equities analysts anticipate that OSI Systems will post 9.09 earnings per share for the current year.

Insider Transactions at OSI Systems

In related news, Director Gerald M. Chizever sold 3,000 shares of OSI Systems stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $138.41, for a total value of $415,230.00. Following the completion of the transaction, the director now directly owns 3,462 shares of the company's stock, valued at $479,175.42. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other OSI Systems news, insider Paul Keith Morben sold 1,107 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $145.04, for a total value of $160,559.28. Following the transaction, the insider now directly owns 10,077 shares in the company, valued at approximately $1,461,568.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gerald M. Chizever sold 3,000 shares of OSI Systems stock in a transaction 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 directly owns 3,462 shares of the company's stock, valued at $479,175.42. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,107 shares of company stock worth $3,474,189. Insiders own 5.60% of the company's stock.

Hedge Funds Weigh In On OSI Systems

Several hedge funds have recently added to or reduced their stakes in the company. Park Avenue Securities LLC acquired a new position in OSI Systems during the 1st quarter valued at about $259,000. Van ECK Associates Corp boosted its stake in OSI Systems by 271.1% in the first quarter. Van ECK Associates Corp now owns 35,092 shares of the technology company's stock valued at $5,012,000 after acquiring an additional 25,636 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in OSI Systems by 10.0% during the 1st quarter. BNP Paribas Financial Markets now owns 14,451 shares of the technology company's stock worth $2,064,000 after acquiring an additional 1,308 shares during the period. Janney Montgomery Scott LLC raised its position in shares of OSI Systems by 9.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 2,914 shares of the technology company's stock valued at $416,000 after acquiring an additional 246 shares during the last quarter. Finally, Wakefield Asset Management LLLP acquired a new position in shares of OSI Systems in the 1st quarter valued at $959,000. 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.