OSI Systems (NASDAQ:OSIS) Given New $172.00 Price Target at Roth Mkm

OSI Systems (NASDAQ:OSIS - Free Report) had its target price increased by Roth Mkm from $169.00 to $172.00 in a research report report published on Friday, Benzinga reports. The firm currently has a buy rating on the technology company's stock.

Separately, StockNews.com upgraded OSI Systems from a hold rating to a buy rating in a research report on Friday, April 19th.

OSI Systems Stock Performance

NASDAQ:OSIS traded up $0.67 during mid-day trading on Friday, hitting $134.82. 103,502 shares of the company's stock traded hands, compared to its average volume of 93,558. The firm has a 50 day moving average of $135.67 and a two-hundred day moving average of $127.30. OSI Systems has a 12 month low of $102.02 and a 12 month high of $144.11. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 20.28, a price-to-earnings-growth ratio of 1.58 and a beta of 0.98. The company has a current ratio of 1.43, a quick ratio of 0.80 and a debt-to-equity ratio of 0.17.

OSI Systems (NASDAQ:OSIS - Get Free Report) last announced its earnings results on Thursday, April 25th. The technology company reported $2.16 earnings per share for the quarter, beating the consensus estimate of $2.11 by $0.05. OSI Systems had a return on equity of 17.35% and a net margin of 8.31%. The firm had revenue of $405.41 million during the quarter, compared to the consensus estimate of $401.99 million. During the same quarter in the prior year, the company earned $1.49 EPS. The firm's revenue for the quarter was up 33.8% compared to the same quarter last year. On average, equities analysts forecast that OSI Systems will post 8.03 earnings per share for the current fiscal year.

Insider Transactions at OSI Systems

In other OSI Systems news, General Counsel Victor S. Sze sold 15,000 shares of OSI Systems stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $130.21, for a total transaction of $1,953,150.00. Following the transaction, the general counsel now directly owns 63,116 shares in the company, valued at $8,218,334.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, General Counsel Victor S. Sze sold 15,000 shares of OSI Systems stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $130.21, for a total value of $1,953,150.00. Following the sale, the general counsel now owns 63,116 shares of the company's stock, valued at $8,218,334.36. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $129.11, for a total value of $2,582,200.00. Following the completion of the sale, the chief executive officer now directly owns 468,615 shares in the company, valued at approximately $60,502,882.65. The disclosure for this sale can be found here. Insiders have sold 50,000 shares of company stock worth $6,503,650 in the last three months. Insiders own 5.60% of the company's stock.

Institutional Investors Weigh In On OSI Systems

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of OSI Systems by 5.4% in the fourth quarter. Vanguard Group Inc. now owns 2,097,875 shares of the technology company's stock valued at $270,731,000 after buying an additional 107,383 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of OSI Systems by 2.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 819,671 shares of the technology company's stock worth $105,780,000 after buying an additional 18,298 shares in the last quarter. Neumeier Poma Investment Counsel LLC increased its holdings in shares of OSI Systems by 1.7% during the third quarter. Neumeier Poma Investment Counsel LLC now owns 369,200 shares of the technology company's stock worth $43,580,000 after buying an additional 6,265 shares in the last quarter. Primecap Management Co. CA increased its holdings in shares of OSI Systems by 2.2% during the fourth quarter. Primecap Management Co. CA now owns 285,200 shares of the technology company's stock worth $36,805,000 after buying an additional 6,210 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of OSI Systems by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 211,571 shares of the technology company's stock worth $27,303,000 after buying an additional 1,722 shares in the last quarter. Institutional investors own 89.21% of the company's stock.

OSI Systems Company Profile

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.