Wells Fargo & Company Cuts OSI Systems (NASDAQ:OSIS) Price Target to $210.00

OSI Systems (NASDAQ:OSIS) had its target price lowered by Wells Fargo & Company from $220.00 to $210.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 20.54% from the company’s previous close.

Several other equities research analysts have also weighed in on OSIS. Oppenheimer increased their target price on OSI Systems from $205.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. StockNews.com cut shares of OSI Systems from a “hold” rating to a “sell” rating in a report on Thursday, March 27th. Roth Mkm boosted their target price on shares of OSI Systems from $178.00 to $224.00 and gave the company a “buy” rating in a research note on Friday, January 24th. B. Riley raised their price target on shares of OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Finally, JPMorgan Chase & Co. assumed coverage on OSI Systems in a report on Friday, February 21st. They set a “neutral” rating and a $225.00 price target on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $213.33.

OSI Systems Stock Performance

Shares of NASDAQ:OSIS traded down $4.55 during trading on Tuesday, reaching $174.22. 250,769 shares of the company’s stock traded hands, compared to its average volume of 179,349. The stock has a market capitalization of $2.93 billion, a P/E ratio of 22.42, a price-to-earnings-growth ratio of 1.81 and a beta of 1.19. OSI Systems has a 12 month low of $126.57 and a 12 month high of $220.00. The company has a 50 day moving average of $197.16 and a 200-day moving average of $173.10. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.88 and a quick ratio of 1.25.

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

Insiders Place Their Bets

In related news, insider Paul Keith Morben sold 155 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $199.36, for a total transaction of $30,900.80. Following the transaction, the insider now owns 10,077 shares in the company, valued at $2,008,950.72. This trade represents a 1.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gerald M. Chizever sold 2,701 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $195.83, for a total value of $528,936.83. Following the sale, the director now directly owns 5,000 shares in the company, valued at approximately $979,150. The trade was a 35.07 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. HighTower Advisors LLC bought a new stake in OSI Systems in the third quarter worth about $443,000. Stifel Financial Corp grew its stake in shares of OSI Systems by 24.0% in the 3rd quarter. Stifel Financial Corp now owns 8,233 shares of the technology company’s stock worth $1,250,000 after purchasing an additional 1,592 shares during the last quarter. State Street Corp grew its position in OSI Systems by 0.9% in the third quarter. State Street Corp now owns 727,690 shares of the technology company’s stock worth $110,485,000 after buying an additional 6,514 shares during the last quarter. Jane Street Group LLC raised its position in shares of OSI Systems by 12.9% during the third quarter. Jane Street Group LLC now owns 19,574 shares of the technology company’s stock worth $2,972,000 after purchasing an additional 2,242 shares during the period. Finally, XTX Topco Ltd acquired a new position in shares of OSI Systems in the 3rd quarter valued at $486,000. Institutional investors 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.