Roth Mkm Issues Positive Forecast for OSI Systems (NASDAQ:OSIS) Stock Price

OSI Systems (NASDAQ:OSIS) had its price target hoisted by Roth Mkm from $178.00 to $224.00 in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

A number of other equities research analysts have also recently commented on the stock. Bank of America started coverage on shares of OSI Systems in a report on Monday, September 30th. They issued a “buy” rating and a $175.00 price target on the stock. StockNews.com raised OSI Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, December 10th. Wells Fargo & Company lifted their price objective on OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. B. Riley upped their price objective on shares of OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a report on Friday. Finally, Oppenheimer lifted their target price on shares of OSI Systems from $205.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $209.40.

OSI Systems Stock Up 3.5 %

OSIS stock opened at $199.87 on Friday. The stock has a market cap of $3.34 billion, a P/E ratio of 26.09, a P/E/G ratio of 1.44 and a beta of 1.19. The company has a current ratio of 1.84, a quick ratio of 1.20 and a debt-to-equity ratio of 0.60. The stock’s fifty day simple moving average is $170.99 and its two-hundred day simple moving average is $153.52. OSI Systems has a 1-year low of $126.57 and a 1-year high of $200.14.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.08. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. Analysts expect that OSI Systems will post 9.13 EPS for the current year.

Insider Buying and Selling at OSI Systems

In other news, CFO Alan I. Edrick sold 2,354 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $188.42, for a total value of $443,540.68. Following the transaction, the chief financial officer now owns 312,444 shares of the company’s stock, valued at approximately $58,870,698.48. This represents a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Manoocher M. Aliabadi sold 1,728 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $180.39, for a total value of $311,713.92. Following the transaction, the insider now owns 80,603 shares of the company’s stock, valued at approximately $14,539,975.17. The trade was a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,591 shares of company stock valued at $7,557,745 in the last quarter. 5.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On OSI Systems

Institutional investors and hedge funds have recently bought and sold shares of the stock. Janus Henderson Group PLC increased its holdings in shares of OSI Systems by 2.5% in the 3rd quarter. Janus Henderson Group PLC now owns 1,209,168 shares of the technology company’s stock worth $183,589,000 after buying an additional 29,858 shares during the last quarter. State Street Corp raised its position in OSI Systems by 0.9% during the third quarter. State Street Corp now owns 727,690 shares of the technology company’s stock valued at $110,485,000 after purchasing an additional 6,514 shares in the last quarter. FMR LLC lifted its stake in OSI Systems by 4,891.4% during the third 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 during the last quarter. Geode Capital Management LLC boosted its holdings in shares of OSI Systems by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 380,092 shares of the technology company’s stock worth $57,720,000 after purchasing an additional 5,718 shares in the last quarter. Finally, Primecap Management Co. CA increased its position in shares of OSI Systems by 4.9% during the 3rd quarter. Primecap Management Co. CA now owns 294,500 shares of the technology company’s stock valued at $44,714,000 after purchasing an additional 13,880 shares during the last quarter. 89.21% of the stock is owned by hedge funds and other institutional investors.

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.