OSI Systems, Inc. (NASDAQ:OSIS) Given Consensus Recommendation of "Moderate Buy" by Brokerages

OSI Systems, Inc. (NASDAQ:OSIS - Get Free Report) has earned an average recommendation of "Moderate Buy" from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $228.33.

Several equities research analysts have commented on the stock. Roth Mkm boosted their target price on shares of OSI Systems from $224.00 to $245.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Wells Fargo & Company decreased their target price on shares of OSI Systems from $220.00 to $210.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. B. Riley restated a "buy" rating and set a $255.00 target price (up from $221.00) on shares of OSI Systems in a research report on Friday, May 2nd. Oppenheimer boosted their target price on shares of OSI Systems from $225.00 to $260.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Finally, Wall Street Zen upgraded shares of OSI Systems from a "sell" rating to a "hold" rating in a research report on Friday, May 16th.

OSI Systems Stock Performance

Shares of OSI Systems stock traded down $13.27 during trading on Wednesday, reaching $215.37. The company's stock had a trading volume of 70,187 shares, compared to its average volume of 206,841. The company has a 50-day moving average price of $223.08 and a two-hundred day moving average price of $199.95. The firm has a market cap of $3.62 billion, a PE ratio of 26.20, a P/E/G ratio of 1.97 and a beta of 1.27. OSI Systems has a fifty-two week low of $129.18 and a fifty-two week high of $241.64. The company has a current ratio of 2.11, a quick ratio of 1.38 and a debt-to-equity ratio of 0.53.

OSI Systems (NASDAQ:OSIS - Get Free Report) last announced 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 for the quarter, compared to analysts' expectations of $436.49 million. OSI Systems had a net margin of 8.38% and a return on equity of 18.37%. OSI Systems's revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.16 EPS. On average, analysts forecast that OSI Systems will post 9.22 EPS for the current year.

Insider Buying and Selling

In other news, Chairman Deepak Chopra sold 20,000 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $221.79, for a total transaction of $4,435,800.00. Following the transaction, the chairman directly owned 339,478 shares in the company, valued at $75,292,825.62. This represents a 5.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William Francis Ballhaus, Jr. sold 933 shares of the stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $219.77, for a total transaction of $205,045.41. Following the transaction, the director owned 24,805 shares in the company, valued at approximately $5,451,394.85. The trade was a 3.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,371 shares of company stock worth $9,784,380 in the last 90 days. 5.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Aster Capital Management DIFC Ltd purchased a new position in shares of OSI Systems during the 4th quarter worth about $25,000. National Bank of Canada FI increased its position in OSI Systems by 118.2% during the 1st quarter. National Bank of Canada FI now owns 144 shares of the technology company's stock worth $28,000 after purchasing an additional 78 shares in the last quarter. Nisa Investment Advisors LLC increased its position in OSI Systems by 139.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 194 shares of the technology company's stock worth $38,000 after purchasing an additional 113 shares in the last quarter. Virtus Advisers LLC acquired a new stake in OSI Systems during the 1st quarter worth approximately $43,000. Finally, Smartleaf Asset Management LLC increased its position in OSI Systems by 243.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company's stock worth $46,000 after purchasing an additional 195 shares in the last quarter. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

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.