OSI Systems, Inc. (NASDAQ:OSIS) Given Consensus Rating of "Buy" by Analysts

OSI Systems, Inc. (NASDAQ:OSIS - Get Free Report) has earned an average recommendation of "Buy" from the five research firms that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy rating. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $172.60.

A number of equities analysts have issued reports on the company. Bank of America initiated coverage on OSI Systems in a report on Monday, September 30th. They set a "buy" rating and a $175.00 target price on the stock. Roth Mkm lifted their price objective on shares of OSI Systems from $172.00 to $178.00 and gave the stock a "buy" rating in a research note on Friday, August 23rd. Wells Fargo & Company initiated coverage on shares of OSI Systems in a research note on Wednesday, September 18th. They issued an "overweight" rating and a $170.00 target price for the company. Finally, B. Riley lifted their price target on shares of OSI Systems from $165.00 to $180.00 and gave the stock a "buy" rating in a research report on Friday, August 23rd.

Insiders Place Their Bets

In other news, Director Gerald M. Chizever sold 3,000 shares of the company'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 transaction, the director now owns 3,462 shares in the company, valued at $479,175.42. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other OSI Systems news, CEO Deepak Chopra sold 20,000 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $144.92, for a total transaction of $2,898,400.00. Following the completion of the transaction, the chief executive officer now owns 459,033 shares in the company, valued at approximately $66,523,062.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gerald M. Chizever sold 3,000 shares of OSI Systems stock in a transaction dated 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 in the company, valued at $479,175.42. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,107 shares of company stock worth $3,474,189. Company insiders own 5.60% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of OSIS. Wakefield Asset Management LLLP bought a new stake in OSI Systems in the 1st quarter valued at approximately $959,000. Allspring Global Investments Holdings LLC lifted its position in shares of OSI Systems by 1,193.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 29,052 shares of the technology company's stock worth $4,149,000 after purchasing an additional 26,806 shares in the last quarter. Van ECK Associates Corp boosted its holdings in OSI Systems by 271.1% during the first quarter. Van ECK Associates Corp now owns 35,092 shares of the technology company's stock worth $5,012,000 after purchasing an additional 25,636 shares during the last quarter. Tidal Investments LLC bought a new position in OSI Systems in the first quarter valued at $921,000. Finally, Renaissance Technologies LLC increased its stake in OSI Systems by 79.8% in the 2nd quarter. Renaissance Technologies LLC now owns 25,683 shares of the technology company's stock valued at $3,532,000 after buying an additional 11,400 shares during the last quarter. 89.21% of the stock is owned by institutional investors and hedge funds.

OSI Systems Trading Down 2.4 %

NASDAQ OSIS traded down $3.29 during trading hours on Friday, hitting $134.36. The company's stock had a trading volume of 388,156 shares, compared to its average volume of 119,025. OSI Systems has a twelve month low of $103.04 and a twelve month high of $158.69. The firm has a market capitalization of $2.23 billion, a P/E ratio of 18.26, a PEG ratio of 1.33 and a beta of 1.08. The company has a quick ratio of 1.00, a current ratio of 1.49 and a debt-to-equity ratio of 0.15. The stock has a fifty day moving average of $145.19 and a 200 day moving average of $141.44.

OSI Systems (NASDAQ:OSIS - Get Free Report) last issued its 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 8.33% and a return on equity of 17.80%. The company had revenue of $344.01 million during the quarter, compared to analysts' expectations of $318.66 million. During the same quarter in the previous year, the company posted $0.91 EPS. The business's revenue for the quarter was up 23.2% compared to the same quarter last year. Equities research analysts forecast that OSI Systems will post 8.98 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.