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 seven analysts that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $282.00.

Several equities research analysts have weighed in on the stock. B. Riley Financial increased their price target on shares of OSI Systems from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Friday, January 30th. UBS Group set a $292.00 price objective on shares of OSI Systems in a research report on Monday, December 1st. Roth Mkm upped their price objective on shares of OSI Systems from $292.00 to $295.00 and gave the company a “buy” rating in a research note on Friday, January 30th. JPMorgan Chase & Co. increased their target price on shares of OSI Systems from $255.00 to $262.00 and gave the stock a “neutral” rating in a report on Monday, February 2nd. Finally, Weiss Ratings cut OSI Systems from a “buy (a-)” rating to a “buy (b)” rating in a research note on Friday, February 20th.

Insider Buying and Selling at OSI Systems

In other news, Director Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $250.91, for a total value of $5,018,200.00. Following the sale, the director directly owned 273,044 shares in the company, valued at approximately $68,509,470.04. This trade represents a 6.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.30% of the company’s stock.

Institutional Trading of OSI Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. increased its position in OSI Systems by 5.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 94,574 shares of the technology company’s stock valued at $23,572,000 after buying an additional 5,240 shares in the last quarter. Mawer Investment Management Ltd. raised its stake in OSI Systems by 67.0% during the third quarter. Mawer Investment Management Ltd. now owns 856,383 shares of the technology company’s stock valued at $213,445,000 after buying an additional 343,727 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in OSI Systems by 418.1% in the second quarter. Osaic Holdings Inc. now owns 32,688 shares of the technology company’s stock worth $7,350,000 after acquiring an additional 26,379 shares in the last quarter. Boston Partners boosted its holdings in OSI Systems by 1.9% in the second quarter. Boston Partners now owns 98,252 shares of the technology company’s stock worth $21,982,000 after acquiring an additional 1,825 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its stake in shares of OSI Systems by 33.0% in the third quarter. First Eagle Investment Management LLC now owns 30,864 shares of the technology company’s stock worth $7,693,000 after acquiring an additional 7,664 shares during the last quarter. Hedge funds and other institutional investors own 89.21% of the company’s stock.

OSI Systems Stock Performance

Shares of OSIS stock opened at $282.16 on Tuesday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.31 and a current ratio of 3.15. OSI Systems has a fifty-two week low of $153.40 and a fifty-two week high of $306.12. The stock has a 50 day moving average price of $275.62 and a two-hundred day moving average price of $261.09. The company has a market capitalization of $4.65 billion, a P/E ratio of 31.95, a PEG ratio of 2.18 and a beta of 1.32.

OSI Systems (NASDAQ:OSIS) last issued its earnings results on Thursday, January 29th. The technology company reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.06. OSI Systems had a net margin of 8.52% and a return on equity of 18.58%. The firm had revenue of $464.06 million for the quarter, compared to analysts’ expectations of $449.51 million. During the same quarter last year, the business earned $2.42 earnings per share. The business’s revenue was up 10.5% on a year-over-year basis. Analysts expect that OSI Systems will post 9.22 earnings per share for the current year.

OSI Systems Company Profile

OSI Systems, Inc (NASDAQ: OSIS) is a publicly traded technology company founded in 1987 and headquartered in Hawthorne, California. The company designs, develops and manufactures advanced security and inspection systems, optoelectronic devices and medical imaging equipment. Over its history, OSI Systems has grown its product offerings through internal research and development as well as strategic acquisitions, expanding its capabilities in mission-critical sensing and inspection technologies.

OSI Systems operates three primary business segments.