Roth Mkm Boosts OSI Systems (NASDAQ:OSIS) Price Target to $245.00

OSI Systems (NASDAQ:OSIS) had its price objective lifted by stock analysts at Roth Mkm from $224.00 to $245.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Roth Mkm’s price target would suggest a potential upside of 8.96% from the company’s previous close.

Several other research firms also recently issued reports on OSIS. Wells Fargo & Company decreased their price objective on shares of OSI Systems from $220.00 to $210.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. B. Riley reaffirmed a “buy” rating and issued a $255.00 price target (up from $221.00) on shares of OSI Systems in a research report on Friday. JPMorgan Chase & Co. assumed coverage on OSI Systems in a research report on Friday, February 21st. They set a “neutral” rating and a $225.00 price objective for the company. Oppenheimer lifted their price target on OSI Systems from $205.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Finally, StockNews.com downgraded shares of OSI Systems from a “hold” rating to a “sell” rating in a research note on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $222.50.

OSI Systems Trading Up 0.2 %

Shares of NASDAQ:OSIS opened at $224.86 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $3.78 billion, a PE ratio of 28.94, a P/E/G ratio of 1.81 and a beta of 1.19. OSI Systems has a 1 year low of $129.18 and a 1 year high of $227.34. The firm has a fifty day moving average price of $193.02 and a 200 day moving average price of $179.80.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings data on Thursday, May 1st. The technology company reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $2.38 by $0.06. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. The business had revenue of $444.35 million for the quarter, compared to analyst estimates of $436.49 million. During the same quarter in the prior year, the firm posted $2.16 EPS. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. Analysts expect that OSI Systems will post 9.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Aster Capital Management DIFC Ltd bought a new stake in OSI Systems in the 4th quarter valued at $25,000. Richardson Financial Services Inc. increased its stake in OSI Systems by 65.6% in the fourth quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock valued at $26,000 after acquiring an additional 61 shares during the period. Nisa Investment Advisors LLC raised its position in OSI Systems by 139.5% in the first quarter. Nisa Investment Advisors LLC now owns 194 shares of the technology company’s stock worth $38,000 after purchasing an additional 113 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in OSI Systems by 243.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company’s stock worth $46,000 after purchasing an additional 195 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its holdings in OSI Systems by 241.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 683 shares of the technology company’s stock valued at $108,000 after purchasing an additional 483 shares in the last quarter. 89.21% of the stock is currently 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.