Bank of America Cuts OSI Systems (NASDAQ:OSIS) Price Target to $300.00

OSI Systems (NASDAQ:OSIS) had its target price cut by Bank of America from $315.00 to $300.00 in a report issued on Monday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

OSIS has been the topic of a number of other reports. Weiss Ratings lowered shares of OSI Systems from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 8th. Roth Capital reiterated a “buy” rating and issued a $310.00 price objective on shares of OSI Systems in a report on Tuesday, May 5th. Finally, Citigroup decreased their target price on shares of OSI Systems from $345.00 to $279.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, OSI Systems currently has an average rating of “Moderate Buy” and a consensus target price of $291.86.

OSI Systems Stock Down 0.2%

NASDAQ OSIS opened at $209.79 on Monday. The business has a fifty day moving average price of $216.02 and a 200 day moving average price of $255.02. The company has a debt-to-equity ratio of 1.12, a quick ratio of 2.42 and a current ratio of 3.25. The company has a market cap of $3.46 billion, a P/E ratio of 23.95, a P/E/G ratio of 1.57 and a beta of 1.20. OSI Systems has a one year low of $197.27 and a one year high of $311.72.

OSI Systems (NASDAQ:OSIS) last announced its earnings results on Monday, May 4th. The technology company reported $2.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.07. OSI Systems had a net margin of 8.42% and a return on equity of 18.84%. The company had revenue of $453.25 million for the quarter, compared to analysts’ expectations of $449.23 million. During the same quarter in the previous year, the company posted $2.44 EPS. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. OSI Systems has set its FY 2026 guidance at 10.300-10.550 EPS. Research analysts anticipate that OSI Systems will post 10.4 EPS for the current fiscal year.

Insider Buying and Selling at OSI Systems

In related news, Director Deepak Chopra sold 20,000 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $281.84, for a total value of $5,636,800.00. Following the completion of the sale, the director owned 253,044 shares of the company’s stock, valued at approximately $71,317,920.96. This represents a 7.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 4.30% of the company’s stock.

Institutional Trading of OSI Systems

Hedge funds have recently made changes to their positions in the company. Group One Trading LLC acquired a new position in OSI Systems in the first quarter valued at approximately $27,000. Danske Bank A S purchased a new stake in OSI Systems in the third quarter valued at $25,000. Private Trust Co. NA lifted its stake in shares of OSI Systems by 179.5% in the 4th quarter. Private Trust Co. NA now owns 123 shares of the technology company’s stock valued at $31,000 after purchasing an additional 79 shares during the last quarter. Mcguire Capital Advisors Inc. acquired a new position in shares of OSI Systems in the 4th quarter valued at $32,000. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of OSI Systems by 119.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 169 shares of the technology company’s stock worth $43,000 after purchasing an additional 92 shares during the period. Hedge funds and other institutional investors 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.