Oppenheimer Boosts OSI Systems (NASDAQ:OSIS) Price Target to $160.00

OSI Systems (NASDAQ:OSIS - Get Free Report) had its price objective boosted by research analysts at Oppenheimer from $157.00 to $160.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has an "outperform" rating on the technology company's stock. Oppenheimer's price objective suggests a potential upside of 17.53% from the company's previous close.

Several other research firms have also commented on OSIS. Roth Mkm increased their target price on shares of OSI Systems from $169.00 to $172.00 and gave the company a "buy" rating in a research note on Friday. StockNews.com downgraded OSI Systems from a "buy" rating to a "hold" rating in a research report on Saturday.

OSI Systems Stock Performance

Shares of NASDAQ:OSIS traded up $1.31 on Monday, hitting $136.13. The company's stock had a trading volume of 267,158 shares, compared to its average volume of 95,675. OSI Systems has a 12 month low of $103.04 and a 12 month high of $144.11. The stock's 50-day moving average is $135.68 and its two-hundred day moving average is $127.49. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.89 and a current ratio of 1.47. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of 18.72, a price-to-earnings-growth ratio of 1.52 and a beta of 0.98.

OSI Systems (NASDAQ:OSIS - Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The technology company reported $2.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.11 by $0.05. OSI Systems had a return on equity of 18.10% and a net margin of 8.56%. The firm had revenue of $405.41 million during the quarter, compared to analyst estimates of $401.99 million. During the same period last year, the company posted $1.49 EPS. The firm's quarterly revenue was up 33.8% on a year-over-year basis. On average, equities research analysts forecast that OSI Systems will post 8.08 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Deepak Chopra sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $129.11, for a total transaction of $2,582,200.00. Following the sale, the chief executive officer now owns 468,615 shares in the company, valued at $60,502,882.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, General Counsel Victor S. Sze sold 15,000 shares of the 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 completion of the sale, the general counsel now directly owns 63,116 shares of the company's stock, valued at approximately $8,218,334.36. The sale was disclosed in a document filed with the SEC, which can be accessed 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 transaction, 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. Corporate insiders own 5.60% of the company's stock.

Institutional Trading of OSI Systems

Several institutional investors have recently made changes to their positions in the stock. Parkside Financial Bank & Trust lifted its position in OSI Systems by 27.1% in the 3rd quarter. Parkside Financial Bank & Trust now owns 422 shares of the technology company's stock worth $50,000 after buying an additional 90 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of OSI Systems by 4.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,896 shares of the technology company's stock worth $503,000 after acquiring an additional 178 shares in the last quarter. Global Retirement Partners LLC boosted its position in OSI Systems by 1,021.1% during the first quarter. Global Retirement Partners LLC now owns 213 shares of the technology company's stock valued at $30,000 after purchasing an additional 194 shares during the last quarter. Bridge City Capital LLC grew its stake in OSI Systems by 0.8% in the first quarter. Bridge City Capital LLC now owns 24,618 shares of the technology company's stock valued at $3,516,000 after purchasing an additional 194 shares in the last quarter. Finally, West Paces Advisors Inc. acquired a new position in OSI Systems in the 1st quarter worth about $28,000. 89.21% of the stock is currently owned by institutional investors and hedge funds.

About OSI Systems

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.