OSI Systems, Inc. (NASDAQ:OSIS) Receives $173.00 Average PT from Analysts

OSI Systems, Inc. (NASDAQ:OSIS - Get Free Report) has received a consensus rating of "Buy" from the five research firms that are presently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have issued a report on the stock in the last year is $173.00.

A number of brokerages have commented on OSIS. B. Riley upped their price objective 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 increased their target price on 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 OSI Systems from $170.00 to $172.00 and gave the company an "overweight" rating in a research note on Tuesday, October 29th. Finally, Bank of America started coverage on OSI Systems in a research note on Monday, September 30th. They set a "buy" rating and a $175.00 target price for the company.

OSI Systems Stock Up 1.0 %

Shares of NASDAQ OSIS traded up $1.57 during mid-day trading on Tuesday, reaching $153.79. The company had a trading volume of 201,687 shares, compared to its average volume of 125,183. OSI Systems has a 12-month low of $117.07 and a 12-month high of $158.69. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.20 and a current ratio of 1.84. The stock has a fifty day moving average of $144.58 and a two-hundred day moving average of $142.30. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 1.30 and a beta of 1.10.

OSI Systems (NASDAQ:OSIS - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The technology company reported $1.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.19. The business had revenue of $344.01 million during the quarter, compared to analysts' expectations of $318.66 million. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. The firm's revenue for the quarter was up 23.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.91 earnings per share. As a group, equities research analysts expect that OSI Systems will post 9.12 EPS for the current year.

Insider Activity

In related news, CEO Deepak Chopra sold 20,000 shares of the firm's stock in a transaction that occurred on 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 of the company's stock, valued at $66,523,062.36. This trade represents a 4.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gerald M. Chizever sold 3,000 shares of OSI Systems stock in a transaction on 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 sale, the director now directly owns 3,462 shares of the company's stock, valued at approximately $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 three months, insiders have sold 41,107 shares of company stock worth $6,071,809. 5.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On OSI Systems

Several large investors have recently added to or reduced their stakes in the stock. 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. acquired a new stake in OSI Systems during the 1st quarter worth about $63,000. Covestor Ltd boosted its stake in shares of OSI Systems by 48,000.0% during the 1st quarter. Covestor Ltd now owns 481 shares of the technology company's stock worth $69,000 after acquiring an additional 480 shares in the last quarter. Innealta Capital LLC purchased a new position in OSI Systems in the 2nd quarter valued at about $82,000. Finally, International Assets Investment Management LLC lifted its stake in OSI Systems by 15,075.0% in the 3rd quarter. International Assets Investment Management LLC now owns 607 shares of the technology company's stock valued at $92,000 after buying an additional 603 shares in the last quarter. 89.21% of the stock is owned by institutional investors.

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.