OSI Systems, Inc. (NASDAQ:OSIS) Receives Average Recommendation of "Moderate Buy" from Brokerages

OSI Systems, Inc. (NASDAQ:OSIS - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the six research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $228.33.

Several analysts have recently issued reports on the stock. B. Riley reiterated a "buy" rating and issued a $255.00 target price (up previously from $221.00) on shares of OSI Systems in a research report on Friday, May 2nd. Roth Mkm upped their target price on shares of OSI Systems from $224.00 to $245.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Oppenheimer increased their target price on shares of OSI Systems from $225.00 to $260.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. Wells Fargo & Company lowered their price target 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. Finally, Wall Street Zen upgraded shares of OSI Systems from a "sell" rating to a "hold" rating in a report on Friday, May 16th.

OSI Systems Stock Performance

Shares of NASDAQ:OSIS traded up $1.90 during trading on Wednesday, hitting $228.64. 208,391 shares of the stock traded hands, compared to its average volume of 205,554. The company has a fifty day moving average price of $221.84 and a two-hundred day moving average price of $199.32. OSI Systems has a 52-week low of $129.18 and a 52-week high of $241.64. The company has a market cap of $3.84 billion, a price-to-earnings ratio of 27.82, a P/E/G ratio of 2.04 and a beta of 1.27. The company has a quick ratio of 1.38, a current ratio of 2.11 and a debt-to-equity ratio of 0.53.

OSI Systems (NASDAQ:OSIS - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The technology company reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.06. The firm had revenue of $444.35 million during the quarter, compared to analyst estimates of $436.49 million. OSI Systems had a return on equity of 18.37% and a net margin of 8.38%. OSI Systems's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.16 EPS. As a group, equities analysts predict that OSI Systems will post 9.22 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Alan I. Edrick sold 20,000 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $229.00, for a total transaction of $4,580,000.00. Following the transaction, the chief financial officer directly owned 284,953 shares in the company, valued at $65,254,237. The trade was a 6.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction on Monday, May 5th. The stock was sold at an average price of $221.79, for a total value of $4,435,800.00. Following the transaction, the chairman directly owned 339,478 shares of the company's stock, valued at approximately $75,292,825.62. This represents a 5.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,371 shares of company stock valued at $9,784,380. 5.20% of the stock is owned by insiders.

Institutional Investors Weigh In On OSI Systems

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Aster Capital Management DIFC Ltd acquired a new stake in shares of OSI Systems in the fourth quarter worth approximately $25,000. National Bank of Canada FI raised its stake in OSI Systems by 118.2% during the first 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 during the period. Nisa Investment Advisors LLC grew its stake in shares of OSI Systems by 139.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 194 shares of the technology company's stock valued at $38,000 after buying an additional 113 shares during the period. Virtus Advisers LLC acquired a new stake in shares of OSI Systems during the 1st quarter worth $43,000. Finally, Smartleaf Asset Management LLC increased its holdings in shares of 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 buying an additional 195 shares during the last quarter. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

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.