OSI Systems (NASDAQ:OSIS) Price Target Raised to $221.00

OSI Systems (NASDAQ:OSIS) had its price target hoisted by B. Riley from $180.00 to $221.00 in a research note issued on Friday,Briefing.com Automated Import reports. The brokerage presently has a “buy” rating on the technology company’s stock. B. Riley’s price target would indicate a potential upside of 14.48% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. Wells Fargo & Company upped their price objective on shares of OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. StockNews.com raised shares of OSI Systems from a “sell” rating to a “hold” rating in a report on Tuesday, December 10th. Finally, Bank of America began coverage on OSI Systems in a report on Monday, September 30th. They issued a “buy” rating and a $175.00 price objective on the stock. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, OSI Systems presently has a consensus rating of “Moderate Buy” and an average price target of $187.20.

OSI Systems Trading Up 14.2 %

NASDAQ OSIS opened at $193.05 on Friday. OSI Systems has a one year low of $126.57 and a one year high of $197.70. The firm has a market cap of $3.23 billion, a PE ratio of 25.20, a P/E/G ratio of 1.44 and a beta of 1.19. The firm’s fifty day moving average is $170.17 and its two-hundred day moving average is $153.24. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.20 and a current ratio of 1.84.

OSI Systems (NASDAQ:OSIS) last announced its earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.08. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. Analysts expect that OSI Systems will post 9.13 earnings per share for the current year.

Insider Buying and Selling at OSI Systems

In other OSI Systems news, Director Gerald M. Chizever sold 2,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $148.16, for a total transaction of $296,320.00. Following the completion of the transaction, the director now directly owns 7,701 shares in the company, valued at approximately $1,140,980.16. This trade represents a 20.62 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Manoocher M. Aliabadi sold 2,509 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $180.02, for a total transaction of $451,670.18. Following the completion of the sale, the insider now owns 78,094 shares in the company, valued at $14,058,481.88. This represents a 3.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 43,591 shares of company stock valued at $7,557,745. Corporate insiders own 5.20% of the company’s stock.

Institutional Trading of OSI Systems

A number of large investors have recently made changes to their positions in the stock. Janus Henderson Group PLC lifted its holdings in OSI Systems by 2.5% in the 3rd quarter. Janus Henderson Group PLC now owns 1,209,168 shares of the technology company’s stock valued at $183,589,000 after purchasing an additional 29,858 shares in the last quarter. State Street Corp boosted its position in OSI Systems by 0.9% during the third quarter. State Street Corp now owns 727,690 shares of the technology company’s stock worth $110,485,000 after acquiring an additional 6,514 shares during the last quarter. FMR LLC grew its stake in OSI Systems by 4,891.4% in the 3rd quarter. FMR LLC now owns 644,396 shares of the technology company’s stock worth $97,839,000 after acquiring an additional 631,486 shares during the period. Geode Capital Management LLC raised its holdings in OSI Systems by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 380,092 shares of the technology company’s stock valued at $57,720,000 after acquiring an additional 5,718 shares during the last quarter. Finally, Primecap Management Co. CA raised its holdings in OSI Systems by 4.9% in the 3rd quarter. Primecap Management Co. CA now owns 294,500 shares of the technology company’s stock valued at $44,714,000 after acquiring an additional 13,880 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.