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

OSI Systems, Inc. (NASDAQ:OSIS) has been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $212.00.

OSIS has been the topic of several recent analyst reports. JPMorgan Chase & Co. initiated coverage on shares of OSI Systems in a research report on Friday, February 21st. They set a “neutral” rating and a $225.00 target price on the stock. StockNews.com downgraded OSI Systems from a “hold” rating to a “sell” rating in a research report on Wednesday. Oppenheimer boosted their price objective on OSI Systems from $205.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Roth Mkm raised their target price on OSI Systems from $178.00 to $224.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Finally, B. Riley boosted their price target on shares of OSI Systems from $180.00 to $221.00 and gave the stock a “buy” rating in a report on Friday, January 24th.

OSI Systems Stock Up 1.2 %

Shares of NASDAQ:OSIS opened at $202.31 on Thursday. The business’s 50 day moving average is $185.45 and its 200 day moving average is $163.74. OSI Systems has a 12-month low of $126.57 and a 12-month high of $220.00. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 26.04, a PEG ratio of 1.81 and a beta of 1.19. The company has a quick ratio of 1.25, a current ratio of 1.88 and a debt-to-equity ratio of 0.56.

OSI Systems (NASDAQ:OSIS) last posted its earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.08. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. On average, sell-side analysts forecast that OSI Systems will post 9.22 earnings per share for the current fiscal year.

Insider Buying and Selling at OSI Systems

In other news, insider Manoocher M. Aliabadi sold 1,728 shares of OSI Systems stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $180.39, for a total value of $311,713.92. Following the completion of the transaction, the insider now owns 80,603 shares in the company, valued at $14,539,975.17. This trade represents a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Alan I. Edrick sold 2,354 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $188.42, for a total transaction of $443,540.68. Following the sale, the chief financial officer now owns 312,444 shares in the company, valued at $58,870,698.48. The trade was a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,447 shares of company stock worth $5,519,962 over the last ninety days. 5.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On OSI Systems

A number of large investors have recently made changes to their positions in the stock. State of Wyoming lifted its holdings in OSI Systems by 1.9% during the 4th quarter. State of Wyoming now owns 2,698 shares of the technology company’s stock worth $452,000 after purchasing an additional 51 shares in the last quarter. Richardson Financial Services Inc. increased its position in shares of OSI Systems by 65.6% during the fourth quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock valued at $26,000 after buying an additional 61 shares during the period. MetLife Investment Management LLC lifted its holdings in shares of OSI Systems by 0.7% in the fourth quarter. MetLife Investment Management LLC now owns 9,401 shares of the technology company’s stock worth $1,574,000 after buying an additional 61 shares in the last quarter. Summit Investment Advisors Inc. lifted its holdings in shares of OSI Systems by 4.7% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,660 shares of the technology company’s stock worth $278,000 after buying an additional 74 shares in the last quarter. Finally, Truvestments Capital LLC boosted its position in shares of OSI Systems by 4.9% in the fourth quarter. Truvestments Capital LLC now owns 2,264 shares of the technology company’s stock valued at $379,000 after acquiring an additional 105 shares during the period. 89.21% of the stock is owned by institutional investors.

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.