Shares of OSI Systems Inc. (NASDAQ:OSIS) saw strong trading volume on Friday . 154,618 shares traded hands during mid-day trading, an increase of 25% from the previous session’s volume of 123,991 shares.The stock last traded at $61.48 and had previously closed at $61.17.

Several equities research analysts have commented on the company. B. Riley restated a “buy” rating and issued a $65.00 target price on shares of OSI Systems in a research note on Monday, June 27th. Roth Capital restated a “buy” rating on shares of OSI Systems in a research note on Sunday, June 26th. Benchmark Co. cut OSI Systems from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $75.00 to $65.00 in a research note on Thursday, April 28th. Zacks Investment Research cut OSI Systems from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 3rd. Finally, CJS Securities assumed coverage on OSI Systems in a research note on Tuesday, June 14th. They set a “market outperform” rating and a $68.00 price objective on the stock. Eight analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus price target of $75.14.

The firm has a market cap of $1.16 billion and a price-to-earnings ratio of 29.29. The firm has a 50-day moving average price of $59.12 and a 200-day moving average price of $57.93.

A number of large investors have added to or reduced their stakes in OSIS. California Public Employees Retirement System boosted its stake 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 in the last quarter. Foresters Investment Management Company Inc. boosted its stake 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 in the last quarter. Principal Financial Group Inc. boosted its stake 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 in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake 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 in the last quarter.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.