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

OSI Systems, Inc. (NASDAQ:OSIS - Get Free Report) has been assigned an average rating of "Buy" from the five analysts that are currently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $209.40.

A number of equities analysts have weighed in on OSIS shares. StockNews.com upgraded shares of OSI Systems from a "sell" rating to a "hold" rating in a research report on Tuesday, December 10th. Wells Fargo & Company upped their price target on shares of OSI Systems from $172.00 to $202.00 and gave the company an "overweight" rating in a research note on Wednesday, December 11th. Roth Mkm increased their target price on shares of OSI Systems from $178.00 to $224.00 and gave the company a "buy" rating in a research note on Friday, January 24th. B. Riley increased their target price on shares of OSI Systems from $180.00 to $221.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Finally, Oppenheimer upped their price target on shares of OSI Systems from $205.00 to $225.00 and gave the stock an "outperform" rating in a report on Friday, January 24th.

Insider Activity

In related news, Director Gerald M. Chizever sold 2,000 shares of the company's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $148.16, for a total transaction of $296,320.00. Following the sale, the director now directly owns 7,701 shares in the company, valued at approximately $1,140,980.16. This represents a 20.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul Keith Morben sold 155 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $199.36, for a total transaction of $30,900.80. Following the completion of the transaction, the insider now owns 10,077 shares in the company, valued at $2,008,950.72. This represents a 1.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,447 shares of company stock valued at $8,117,582. 5.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC increased its position in OSI Systems by 4,891.4% during the 3rd quarter. FMR LLC now owns 644,396 shares of the technology company's stock worth $97,839,000 after purchasing an additional 631,486 shares in the last quarter. World Investment Advisors LLC acquired a new position in shares of OSI Systems in the 3rd quarter valued at approximately $16,713,000. Swedbank AB acquired a new position in shares of OSI Systems in the 4th quarter valued at approximately $8,372,000. Edgestream Partners L.P. bought a new stake in shares of OSI Systems in the 3rd quarter valued at approximately $5,061,000. Finally, Systematic Financial Management LP increased its holdings in shares of OSI Systems by 13.4% in the 3rd quarter. Systematic Financial Management LP now owns 264,342 shares of the technology company's stock valued at $40,135,000 after acquiring an additional 31,269 shares during the last quarter. Institutional investors and hedge funds own 89.21% of the company's stock.

OSI Systems Trading Up 2.3 %

Shares of OSI Systems stock traded up $4.58 during midday trading on Friday, reaching $203.99. 224,774 shares of the company's stock traded hands, compared to its average volume of 226,077. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 1.88. The company has a market cap of $3.43 billion, a PE ratio of 26.25, a price-to-earnings-growth ratio of 1.66 and a beta of 1.19. The stock has a 50 day moving average of $176.76 and a 200-day moving average of $156.65. OSI Systems has a 12 month low of $126.57 and a 12 month high of $205.79.

OSI Systems (NASDAQ:OSIS - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.08. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. As a group, equities analysts expect that OSI Systems will post 9.22 EPS 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.