OSI Systems (NASDAQ:OSIS) Now Covered by Citigroup

Equities researchers at Citigroup began coverage on shares of OSI Systems (NASDAQ:OSIS) in a report released on Wednesday, MarketBeat reports. The brokerage set a “buy” rating and a $345.00 price target on the technology company’s stock. Citigroup’s price target points to a potential upside of 14.59% from the stock’s previous close.

OSIS has been the subject of a number of other reports. JPMorgan Chase & Co. lifted their price objective on OSI Systems from $255.00 to $262.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. Roth Mkm increased their price objective on shares of OSI Systems from $292.00 to $295.00 and gave the company a “buy” rating in a report on Friday, January 30th. Weiss Ratings cut shares of OSI Systems from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Wednesday. Finally, B. Riley Financial lifted their target price on shares of OSI Systems from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $301.29.

OSI Systems Stock Performance

OSIS stock opened at $301.08 on Wednesday. The company has a 50 day moving average price of $279.99 and a 200 day moving average price of $269.81. OSI Systems has a fifty-two week low of $186.16 and a fifty-two week high of $309.73. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.15 and a quick ratio of 2.31. The stock has a market capitalization of $4.96 billion, a PE ratio of 34.10, a price-to-earnings-growth ratio of 2.50 and a beta of 1.34.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings data on Thursday, January 29th. The technology company reported $2.58 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.06. The firm had revenue of $464.06 million for the quarter, compared to analyst estimates of $449.51 million. OSI Systems had a return on equity of 18.58% and a net margin of 8.52%.The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period last year, the company earned $2.42 EPS. Analysts forecast that OSI Systems will post 9.22 EPS for the current year.

Insider Activity at OSI Systems

In related news, Director Deepak Chopra sold 20,000 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $250.91, for a total value of $5,018,200.00. Following the sale, the director directly owned 273,044 shares in the company, valued at $68,509,470.04. This trade represents a 6.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 4.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Hsbc Holdings PLC acquired a new stake in OSI Systems in the fourth quarter worth $578,000. Rockefeller Capital Management L.P. increased its position in shares of OSI Systems by 44.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 980 shares of the technology company’s stock valued at $250,000 after buying an additional 302 shares in the last quarter. World Investment Advisors acquired a new stake in OSI Systems during the 4th quarter worth $318,000. Caitong International Asset Management Co. Ltd raised its stake in OSI Systems by 249.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 269 shares of the technology company’s stock worth $69,000 after buying an additional 192 shares during the period. Finally, Mcguire Capital Advisors Inc. bought a new position in OSI Systems during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 89.21% of the company’s stock.

OSI Systems Company Profile

OSI Systems, Inc (NASDAQ: OSIS) is a publicly traded technology company founded in 1987 and headquartered in Hawthorne, California. The company designs, develops and manufactures advanced security and inspection systems, optoelectronic devices and medical imaging equipment. Over its history, OSI Systems has grown its product offerings through internal research and development as well as strategic acquisitions, expanding its capabilities in mission-critical sensing and inspection technologies.

OSI Systems operates three primary business segments.