OSI Systems Inc. (NASDAQ:OSIS) shares traded up 2.4% during mid-day trading on Wednesday . The company traded as high as $62.31 and last traded at $61.78, with a volume of 142,194 shares changing hands. The stock had previously closed at $60.35.

A number of research analysts recently issued reports on the company. Benchmark Co. reduced their price objective on OSI Systems from $83.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, April 13th. B. Riley restated a “buy” rating and set a $62.50 price objective on shares of OSI Systems in a research report on Thursday, April 28th. Zacks Investment Research upgraded OSI Systems from a “strong sell” rating to a “buy” rating and set a $62.00 price objective for the company in a research report on Wednesday, June 29th. Roth Capital restated a “buy” rating on shares of OSI Systems in a research report on Sunday, June 26th. Finally, CJS Securities assumed coverage on OSI Systems in a research report on Tuesday, June 14th. They set a “market outperform” rating and a $68.00 price objective for the company. Eight analysts have rated the stock with a buy rating, OSI Systems presently has a consensus rating of “Buy” and an average price target of $75.14.

The firm has a market capitalization of $1.16 billion and a P/E ratio of 29.18. The stock has a 50-day moving average price of $58.70 and a 200 day moving average price of $57.98.

A number of institutional investors have recently bought and sold shares of OSIS. Foresters Investment Management Company Inc. boosted its position in OSI Systems by 0.9% in the fourth quarter. Foresters Investment Management Company Inc. now owns 111,000 shares of the company’s stock valued at $9,841,000 after buying an additional 1,000 shares during the period. Dimensional Fund Advisors LP boosted its position in OSI Systems by 4.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 883,571 shares of the company’s stock valued at $78,338,000 after buying an additional 39,265 shares during the period. Aberdeen Asset Management PLC UK purchased a new position in OSI Systems during the fourth quarter valued at approximately $5,887,000. Principal Financial Group Inc. boosted its position in OSI Systems by 4.3% in the fourth quarter. Principal Financial Group Inc. now owns 124,592 shares of the company’s stock valued at $11,046,000 after buying an additional 5,144 shares during the period. Finally, California Public Employees Retirement System boosted its position in OSI Systems by 19.2% in the fourth quarter. California Public Employees Retirement System now owns 51,000 shares of the company’s stock valued at $4,522,000 after buying an additional 8,200 shares during the period.

OSI Systems, Inc is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications. The Company sells its products and provides related services in diversified markets, including homeland security, healthcare, defense and aerospace. The Company has three operating divisions: Security, Healthcare, and Optoelectronics and Manufacturing.

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