OSI Systems, Inc. (NASDAQ:OSIS) Receives $179.00 Consensus PT from Brokerages

OSI Systems, Inc. (NASDAQ:OSIS - Get Free Report) has been given a consensus recommendation of "Buy" by the five brokerages that are covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a buy rating. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $179.00.

A number of research analysts have recently weighed in on OSIS shares. Wells Fargo & Company raised their price target on shares of OSI Systems from $172.00 to $202.00 and gave the stock an "overweight" rating in a research note on Wednesday. Bank of America started coverage on shares of OSI Systems in a research note on Monday, September 30th. They issued a "buy" rating and a $175.00 price objective for the company. Roth Mkm increased their target price on OSI Systems from $172.00 to $178.00 and gave the stock a "buy" rating in a research report on Friday, August 23rd. StockNews.com raised OSI Systems from a "sell" rating to a "hold" rating in a report on Tuesday. Finally, B. Riley boosted their price objective on OSI Systems from $165.00 to $180.00 and gave the company a "buy" rating in a research note on Friday, August 23rd.

OSI Systems Trading Down 3.2 %

Shares of NASDAQ OSIS traded down $5.96 during trading on Friday, reaching $181.79. The company had a trading volume of 299,296 shares, compared to its average volume of 134,710. The stock has a market cap of $3.04 billion, a P/E ratio of 23.73, a PEG ratio of 1.59 and a beta of 1.18. The company's fifty day moving average price is $156.12 and its 200-day moving average price is $147.16. 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 has a 12 month low of $120.42 and a 12 month high of $189.13.

OSI Systems (NASDAQ:OSIS - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The technology company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.19. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. The firm had revenue of $344.01 million during the quarter, compared to the consensus estimate of $318.66 million. During the same period in the previous year, the firm posted $0.91 earnings per share. The business's revenue was up 23.2% compared to the same quarter last year. As a group, research analysts expect that OSI Systems will post 9.13 earnings per share for the current year.

Insider Transactions at OSI Systems

In related news, Director Gerald M. Chizever sold 2,000 shares of the firm'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 value of $296,320.00. Following the sale, the director now directly owns 7,701 shares of the company's stock, valued at $1,140,980.16. This trade represents a 20.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Manoocher M. Aliabadi sold 2,509 shares of the business's stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $180.02, for a total transaction of $451,670.18. Following the completion of the transaction, the insider now directly owns 78,094 shares of the company's stock, valued at approximately $14,058,481.88. This represents a 3.11 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 63,591 shares of company stock valued at $10,456,145. 5.20% of the stock is currently owned by company insiders.

Institutional Trading of OSI Systems

Several institutional investors and hedge funds have recently made changes to their positions in OSIS. Franklin Resources Inc. increased its stake in OSI Systems by 3.5% in the third quarter. Franklin Resources Inc. now owns 9,560 shares of the technology company's stock valued at $1,429,000 after acquiring an additional 324 shares during the last quarter. World Investment Advisors LLC purchased a new position in shares of OSI Systems in the 3rd quarter worth about $16,713,000. Hohimer Wealth Management LLC bought a new position in shares of OSI Systems during the 3rd quarter valued at about $264,000. Geode Capital Management LLC raised its holdings in shares of OSI Systems by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 380,092 shares of the technology company's stock valued at $57,720,000 after buying an additional 5,718 shares in the last quarter. Finally, Barclays PLC lifted its position in OSI Systems by 252.3% in the 3rd quarter. Barclays PLC now owns 35,519 shares of the technology company's stock worth $5,392,000 after buying an additional 25,437 shares during the last quarter. Hedge funds and other institutional investors own 89.21% of the company's stock.

OSI Systems Company Profile

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.