Analysts Set OSI Systems, Inc. (NASDAQ:OSIS) PT at $228.33

OSI Systems, Inc. (NASDAQ:OSIS - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the six brokerages that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $228.33.

Several equities analysts recently issued reports on OSIS shares. Roth Mkm lifted their price objective on shares of OSI Systems from $224.00 to $245.00 and gave the company a "buy" rating in a report on Friday, May 2nd. B. Riley reaffirmed a "buy" rating and issued a $255.00 price objective (up previously from $221.00) on shares of OSI Systems in a research report on Friday, May 2nd. Oppenheimer raised their target price on shares of OSI Systems from $225.00 to $260.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. Wells Fargo & Company dropped their target price on OSI Systems from $220.00 to $210.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, StockNews.com upgraded OSI Systems from a "sell" rating to a "hold" rating in a research note on Friday.

Insiders Place Their Bets

In related news, Chairman Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction on Monday, May 5th. The shares were sold at an average price of $221.79, for a total value of $4,435,800.00. Following the sale, the chairman now owns 339,478 shares of the company's stock, valued at approximately $75,292,825.62. This trade represents a 5.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Glenn Grindstaff sold 688 shares of the stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $224.89, for a total transaction of $154,724.32. Following the transaction, the insider now directly owns 8,354 shares in the company, valued at approximately $1,878,731.06. The trade was a 7.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,621 shares of company stock worth $9,375,570. 5.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On OSI Systems

Institutional investors have recently bought and sold shares of the company. Park Avenue Securities LLC boosted its stake in shares of OSI Systems by 36.0% in the fourth quarter. Park Avenue Securities LLC now owns 6,275 shares of the technology company's stock worth $1,051,000 after acquiring an additional 1,660 shares during the last quarter. Schroder Investment Management Group acquired a new position in OSI Systems in the 4th quarter valued at $472,000. Barclays PLC lifted its holdings in OSI Systems by 252.3% in the 3rd quarter. Barclays PLC now owns 35,519 shares of the technology company's stock valued at $5,392,000 after purchasing an additional 25,437 shares in the last quarter. Register Financial Advisors LLC lifted its holdings in OSI Systems by 128.0% in the 4th quarter. Register Financial Advisors LLC now owns 11,400 shares of the technology company's stock valued at $1,909,000 after purchasing an additional 6,400 shares in the last quarter. Finally, Avanza Fonder AB acquired a new stake in OSI Systems during the 4th quarter worth $370,000. 89.21% of the stock is currently owned by institutional investors and hedge funds.

OSI Systems Trading Up 1.8%

NASDAQ OSIS traded up $4.02 during trading on Tuesday, hitting $232.00. The stock had a trading volume of 185,495 shares, compared to its average volume of 192,154. OSI Systems has a one year low of $129.18 and a one year high of $233.80. The stock has a 50 day simple moving average of $198.80 and a 200 day simple moving average of $184.73. The stock has a market capitalization of $3.90 billion, a price-to-earnings ratio of 29.86, a P/E/G ratio of 1.81 and a beta of 1.28. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 1.88.

OSI Systems (NASDAQ:OSIS - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The technology company reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.38 by $0.06. The company had revenue of $444.35 million during the quarter, compared to analysts' expectations of $436.49 million. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. The firm's quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.16 EPS. Sell-side analysts predict that OSI Systems will post 9.22 earnings per share for the current year.

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.