OSI Systems (NASDAQ:OSIS) Price Target Cut to $210.00 by Analysts at Wells Fargo & Company

OSI Systems (NASDAQ:OSIS - Get Free Report) had its price objective dropped by equities research analysts at Wells Fargo & Company from $220.00 to $210.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the technology company's stock. Wells Fargo & Company's price target suggests a potential upside of 10.81% from the company's current price.

OSIS has been the subject of several other research reports. StockNews.com downgraded OSI Systems from a "hold" rating to a "sell" rating in a research note on Thursday, March 27th. JPMorgan Chase & Co. began coverage on shares of OSI Systems in a report on Friday, February 21st. They issued a "neutral" rating and a $225.00 price target on the stock. Roth Mkm raised their price objective on shares of OSI Systems from $178.00 to $224.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. B. Riley lifted their price objective on OSI Systems from $180.00 to $221.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. Finally, Oppenheimer increased their target price on OSI Systems from $205.00 to $225.00 and gave the company an "outperform" rating in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $213.33.

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OSI Systems Stock Performance

Shares of NASDAQ OSIS traded up $5.07 during trading hours on Tuesday, reaching $189.51. The stock had a trading volume of 180,216 shares, compared to its average volume of 183,080. The firm has a 50-day moving average of $195.65 and a 200-day moving average of $174.32. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 1.81 and a beta of 1.19. The company has a current ratio of 1.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.56. OSI Systems has a fifty-two week low of $126.57 and a fifty-two week high of $220.00.

OSI Systems (NASDAQ:OSIS - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts predict that OSI Systems will post 9.22 earnings per share for the current year.

Insider Buying and Selling

In other OSI Systems news, insider Paul Keith Morben sold 155 shares of the firm's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $199.36, for a total value of $30,900.80. Following the sale, the insider now directly owns 10,077 shares of the company's stock, valued at approximately $2,008,950.72. This trade represents a 1.51 % 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 2,701 shares of the company's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $195.83, for a total transaction of $528,936.83. Following the transaction, the director now directly owns 5,000 shares of the company's stock, valued at approximately $979,150. This represents a 35.07 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On OSI Systems

Several hedge funds have recently modified their holdings of OSIS. Aster Capital Management DIFC Ltd purchased a new position in OSI Systems during the fourth quarter worth approximately $25,000. Richardson Financial Services Inc. increased its holdings in shares of OSI Systems by 65.6% during the 4th quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company's stock worth $26,000 after buying an additional 61 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of OSI Systems by 243.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company's stock worth $46,000 after buying an additional 195 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in OSI Systems by 241.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 683 shares of the technology company's stock valued at $108,000 after acquiring an additional 483 shares during the last quarter. Finally, KBC Group NV grew its position in OSI Systems by 37.1% during the fourth quarter. KBC Group NV now owns 699 shares of the technology company's stock valued at $117,000 after acquiring an additional 189 shares during the period. 89.21% of the stock is owned by institutional investors and hedge funds.

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.