OSI Systems (NASDAQ:OSIS) Coverage Initiated at JPMorgan Chase & Co.

Stock analysts at JPMorgan Chase & Co. assumed coverage on shares of OSI Systems (NASDAQ:OSIS) in a research report issued to clients and investors on Friday, MarketBeat.com reports. The firm set a “neutral” rating and a $225.00 price target on the technology company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 11.24% from the company’s current price.

Several other equities research analysts have also commented on OSIS. Oppenheimer boosted 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. StockNews.com lowered shares of OSI Systems from a “hold” rating to a “sell” rating in a report on Monday, February 17th. B. Riley upped their target price on shares of OSI Systems from $180.00 to $221.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Wells Fargo & Company upped their target price on shares of OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Finally, Roth Mkm upped their target price on shares of OSI Systems from $178.00 to $224.00 and gave the stock a “buy” rating in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $212.00.

OSI Systems Price Performance

Shares of NASDAQ OSIS opened at $202.27 on Friday. The firm has a market cap of $3.40 billion, a PE ratio of 26.03, a PEG ratio of 1.81 and a beta of 1.19. The firm has a fifty day moving average of $184.27 and a 200 day moving average of $162.26. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 1.88. OSI Systems has a one year low of $126.57 and a one year high of $220.00.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 EPS for the quarter, topping the consensus estimate of $2.34 by $0.08. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. As a group, research analysts predict that OSI Systems will post 9.22 EPS for the current fiscal year.

Insider Activity

In other OSI Systems news, insider Manoocher M. Aliabadi sold 1,728 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were 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 $14,539,975.17. This represents a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Paul Keith Morben sold 155 shares of the company’s stock in a transaction dated 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 directly owns 10,077 shares in the company, valued at $2,008,950.72. The trade was a 1.51 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,447 shares of company stock valued at $5,519,962. 5.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. State Street Corp lifted its position in OSI Systems by 0.9% in the third quarter. State Street Corp now owns 727,690 shares of the technology company’s stock valued at $110,485,000 after buying an additional 6,514 shares during the last quarter. Park Avenue Securities LLC increased its stake in OSI Systems by 36.0% during the fourth quarter. Park Avenue Securities LLC now owns 6,275 shares of the technology company’s stock worth $1,051,000 after purchasing an additional 1,660 shares during the period. Victory Capital Management Inc. increased its stake in OSI Systems by 25.8% during the third quarter. Victory Capital Management Inc. now owns 123,213 shares of the technology company’s stock worth $18,707,000 after purchasing an additional 25,262 shares during the period. HighTower Advisors LLC purchased a new stake in OSI Systems during the third quarter worth about $443,000. Finally, Citigroup Inc. increased its stake in OSI Systems by 64.9% during the third quarter. Citigroup Inc. now owns 27,320 shares of the technology company’s stock worth $4,148,000 after purchasing an additional 10,753 shares during the period. Institutional investors and hedge funds own 89.21% of the company’s stock.

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.