OSI Systems (NASDAQ:OSIS) Reaches New 12-Month High – Still a Buy?

OSI Systems, Inc. (NASDAQ:OSIS)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $311.72 and last traded at $307.5880, with a volume of 29704 shares traded. The stock had previously closed at $309.19.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on OSIS shares. B. Riley Financial boosted their price target on OSI Systems from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Roth Mkm boosted their price target on OSI Systems from $292.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Citigroup initiated coverage on OSI Systems in a research note on Wednesday, April 15th. They set a “buy” rating and a $345.00 price target on the stock. JPMorgan Chase & Co. upped their target price on OSI Systems from $255.00 to $262.00 and gave the company a “neutral” rating in a research note on Monday, February 2nd. Finally, Weiss Ratings lowered OSI Systems from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Wednesday, April 15th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $301.29.

OSI Systems Price Performance

The company has a fifty day simple moving average of $281.44 and a two-hundred day simple moving average of $271.06. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.31 and a current ratio of 3.15. The company has a market capitalization of $5.01 billion, a price-to-earnings ratio of 34.43, a P/E/G ratio of 2.53 and a beta of 1.34.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings results on Thursday, January 29th. The technology company reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.06. The company had revenue of $464.06 million during the quarter, compared to the consensus estimate of $449.51 million. OSI Systems had a return on equity of 18.58% and a net margin of 8.52%.OSI Systems’s revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.42 EPS. As a group, research analysts anticipate that OSI Systems, Inc. will post 10.46 earnings per share for the current year.

Insiders Place Their Bets

In other OSI Systems news, Director Deepak Chopra sold 20,000 shares of the business’s stock in a transaction 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 completion of the transaction, the director directly owned 273,044 shares in the company, valued at approximately $68,509,470.04. The trade was a 6.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 4.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of OSIS. Royal Bank of Canada raised its holdings in OSI Systems by 519.8% in the 1st quarter. Royal Bank of Canada now owns 10,257 shares of the technology company’s stock valued at $1,993,000 after acquiring an additional 8,602 shares during the last quarter. AQR Capital Management LLC raised its holdings in OSI Systems by 64.2% in the 1st quarter. AQR Capital Management LLC now owns 11,656 shares of the technology company’s stock valued at $2,265,000 after acquiring an additional 4,558 shares during the last quarter. Strs Ohio acquired a new position in OSI Systems in the 1st quarter valued at $97,000. Amundi raised its holdings in OSI Systems by 76,360.0% in the 2nd quarter. Amundi now owns 3,823 shares of the technology company’s stock valued at $874,000 after acquiring an additional 3,818 shares during the last quarter. Finally, Gamco Investors INC. ET AL acquired a new position in OSI Systems in the 2nd quarter valued at $801,000. 89.21% of the stock is currently owned by institutional investors and hedge funds.

About OSI Systems

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.