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

Shares of OSI Systems, Inc. (NASDAQ:OSIS) have been given a consensus recommendation of “Moderate Buy” by the six brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $228.33.

Several equities analysts have issued reports on OSIS shares. StockNews.com raised shares of OSI Systems from a “sell” rating to a “hold” rating in a report on Monday, May 5th. Oppenheimer boosted their price objective on shares of OSI Systems from $225.00 to $260.00 and gave the company an “outperform” rating in a report on Monday, May 5th. JPMorgan Chase & Co. began coverage on shares of OSI Systems in a report on Friday, February 21st. They set a “neutral” rating and a $225.00 price objective on the stock. Wells Fargo & Company dropped their price objective on shares of OSI Systems from $220.00 to $210.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Finally, Roth Mkm boosted their price objective on shares of OSI Systems from $224.00 to $245.00 and gave the company a “buy” rating in a report on Friday, May 2nd.

OSI Systems Stock Performance

Shares of NASDAQ:OSIS opened at $226.99 on Tuesday. The firm has a market cap of $3.81 billion, a PE ratio of 29.21, a price-to-earnings-growth ratio of 1.81 and a beta of 1.28. The firm’s 50 day simple moving average is $196.06 and its 200-day simple moving average is $183.45. OSI Systems has a one year low of $129.18 and a one year high of $233.80. 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 (NASDAQ:OSIS) last issued its quarterly earnings data on Thursday, May 1st. The technology company reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.38 by $0.06. The company had revenue of $444.35 million for the quarter, compared to analyst estimates of $436.49 million. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. OSI Systems’s revenue was up 9.5% compared to the same quarter last year. During the same period last year, the company posted $2.16 earnings per share. As a group, equities analysts predict that OSI Systems will post 9.22 EPS for the current year.

Insiders Place Their Bets

In other OSI Systems news, Director William Francis Ballhaus, Jr. sold 933 shares of the company’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $219.77, for a total value of $205,045.41. Following the completion of the transaction, the director now owns 24,805 shares in the company, valued at approximately $5,451,394.85. This represents a 3.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Deepak Chopra sold 20,000 shares of the company’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $221.79, for a total transaction of $4,435,800.00. Following the completion of the transaction, the chairman now owns 339,478 shares of the company’s stock, valued at approximately $75,292,825.62. This trade represents a 5.56% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,621 shares of company stock worth $4,795,570. Company insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Public Sector Pension Investment Board raised its position in shares of OSI Systems by 27.9% during the 1st quarter. Public Sector Pension Investment Board now owns 49,579 shares of the technology company’s stock worth $9,635,000 after purchasing an additional 10,814 shares during the last quarter. Nuveen LLC acquired a new position in shares of OSI Systems during the 1st quarter worth about $15,546,000. Entropy Technologies LP acquired a new position in shares of OSI Systems during the 1st quarter worth about $263,000. Invesco Ltd. raised its holdings in OSI Systems by 39.3% in the 1st quarter. Invesco Ltd. now owns 246,254 shares of the technology company’s stock valued at $47,857,000 after acquiring an additional 69,536 shares during the last quarter. Finally, National Bank of Canada FI raised its holdings in OSI Systems by 118.2% in the 1st quarter. National Bank of Canada FI now owns 144 shares of the technology company’s stock valued at $28,000 after acquiring an additional 78 shares during the last quarter. 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.