OSI Systems, Inc. (NASDAQ:OSIS) Receives Average Rating of “Moderate Buy” from Analysts

Shares of OSI Systems, Inc. (NASDAQ:OSIS) have received a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $212.00.

Several brokerages have commented on OSIS. Wells Fargo & Company upped their price objective on OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. began coverage on shares of OSI Systems in a research note on Friday, February 21st. They issued a “neutral” rating and a $225.00 price objective for the company. Oppenheimer increased their price target on shares of OSI Systems from $205.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. StockNews.com cut OSI Systems from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, B. Riley boosted their target price on shares of OSI Systems from $180.00 to $221.00 and gave the stock a “buy” rating in a research report on Friday, January 24th.

Insiders Place Their Bets

In other news, Director Gerald M. Chizever sold 2,701 shares of the 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 sale, the director now directly owns 5,000 shares of the company’s stock, valued at $979,150. This represents a 35.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Paul Keith Morben sold 155 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $199.36, for a total value of $30,900.80. Following the completion of the sale, the insider now directly owns 10,077 shares in the company, valued at approximately $2,008,950.72. The trade was a 1.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is owned by insiders.

Institutional Trading of OSI Systems

A number of institutional investors have recently made changes to their positions in the company. State Street Corp raised its holdings in OSI Systems by 0.9% in the 3rd quarter. State Street Corp now owns 727,690 shares of the technology company’s stock valued at $110,485,000 after acquiring an additional 6,514 shares during the last quarter. Park Avenue Securities LLC raised its stake in shares of OSI Systems by 36.0% in the 4th quarter. Park Avenue Securities LLC now owns 6,275 shares of the technology company’s stock valued at $1,051,000 after acquiring an additional 1,660 shares during the period. HighTower Advisors LLC acquired a new position in OSI Systems during the third quarter worth $443,000. Citigroup Inc. lifted 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 in the last quarter. Finally, FMR LLC grew its stake in shares of OSI Systems by 4,891.4% in the third quarter. FMR LLC now owns 644,396 shares of the technology company’s stock valued at $97,839,000 after buying an additional 631,486 shares in the last quarter. 89.21% of the stock is owned by institutional investors and hedge funds.

OSI Systems Stock Performance

OSI Systems stock opened at $193.32 on Monday. The company’s 50-day moving average price is $196.64 and its 200-day moving average price is $171.33. The company has a quick ratio of 1.25, a current ratio of 1.88 and a debt-to-equity ratio of 0.56. The company has a market cap of $3.25 billion, a PE ratio of 24.88, a price-to-earnings-growth ratio of 1.81 and a beta of 1.20. OSI Systems has a twelve month low of $126.57 and a twelve month high of $220.00.

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

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.