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

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

OSIS has been the subject of a number of recent analyst reports. Oppenheimer raised their price target 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. Wells Fargo & Company decreased their price objective on shares of OSI Systems from $220.00 to $210.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Roth Mkm upped their target price on shares of OSI Systems from $224.00 to $245.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. B. Riley reiterated a "buy" rating and issued a $255.00 price target (up from $221.00) on shares of OSI Systems in a research note on Friday, May 2nd. Finally, Wall Street Zen raised OSI Systems from a "sell" rating to a "hold" rating in a report on Friday, May 16th.

Insiders Place Their Bets

In related news, CFO Alan I. Edrick sold 20,000 shares of the 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 sale, the chief financial officer owned 284,953 shares in the company, valued at $65,254,237. This represents a 6.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Meyer/ Luskin sold 1,000 shares of OSI Systems stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $237.15, for a total value of $237,150.00. Following the completion of the transaction, the director owned 11,214 shares of the company's stock, valued at approximately $2,659,400.10. The trade was a 8.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 43,371 shares of company stock worth $9,784,380. Corporate insiders own 5.20% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in OSIS. Sequoia Financial Advisors LLC acquired a new position in shares of OSI Systems during the first quarter valued at $234,000. QRG Capital Management Inc. lifted its position in OSI Systems by 11.8% in the 1st quarter. QRG Capital Management Inc. now owns 2,899 shares of the technology company's stock valued at $563,000 after purchasing an additional 305 shares during the last quarter. Schroder Investment Management Group acquired a new position in OSI Systems during the 4th quarter valued at about $472,000. Deutsche Bank AG grew its position in OSI Systems by 47.3% in the 4th quarter. Deutsche Bank AG now owns 19,539 shares of the technology company's stock worth $3,271,000 after purchasing an additional 6,277 shares during the last quarter. Finally, Norges Bank bought a new position in OSI Systems in the 4th quarter worth about $9,085,000. 89.21% of the stock is currently owned by institutional investors.

OSI Systems Stock Up 0.9%

Shares of OSI Systems stock opened at $226.08 on Friday. OSI Systems has a 1-year low of $129.18 and a 1-year high of $241.64. The company has a market capitalization of $3.80 billion, a PE ratio of 27.50, a P/E/G ratio of 1.91 and a beta of 1.27. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.11 and a quick ratio of 1.38. The business has a 50-day moving average of $223.08 and a 200-day moving average of $205.43.

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

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