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

OSI Systems, Inc. (NASDAQ:OSIS - Get Free Report) has been given an average rating of "Moderate Buy" by the six ratings firms that are currently covering the firm, MarketBeat 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 1 year target price among brokers that have updated their coverage on the stock in the last year is $228.33.

A number of research firms recently commented on OSIS. Oppenheimer upped their price objective on OSI Systems from $225.00 to $260.00 and gave the company an "outperform" rating in a report on Monday, May 5th. Wall Street Zen upgraded shares of OSI Systems from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Roth Mkm increased their price target on shares of OSI Systems from $224.00 to $245.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Wells Fargo & Company cut their price objective on shares of OSI Systems from $220.00 to $210.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, B. Riley reiterated a "buy" rating and issued a $255.00 price objective (up previously from $221.00) on shares of OSI Systems in a research note on Friday, May 2nd.

Insider Buying and Selling at OSI Systems

In other OSI Systems news, Director William Francis Ballhaus, Jr. sold 933 shares of OSI Systems 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 now owns 24,805 shares of the company's stock, valued at $5,451,394.85. The trade was a 3.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Alan I. Edrick sold 20,000 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $229.00, for a total transaction of $4,580,000.00. Following the transaction, the chief financial officer now directly owns 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 disclosure for this sale can be found here. Insiders have sold 42,371 shares of company stock valued at $9,547,230 in the last quarter. Corporate insiders own 5.20% of the company's stock.

Institutional Trading of OSI Systems

Hedge funds have recently modified their holdings of the company. Barclays PLC grew its holdings in OSI Systems by 252.3% during the 3rd quarter. Barclays PLC now owns 35,519 shares of the technology company's stock worth $5,392,000 after acquiring an additional 25,437 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of OSI Systems in the fourth quarter worth about $629,000. KBC Group NV lifted its stake in OSI Systems by 37.1% in the fourth quarter. KBC Group NV now owns 699 shares of the technology company's stock valued at $117,000 after buying an additional 189 shares in the last quarter. GHP Investment Advisors Inc. raised its stake in shares of OSI Systems by 11.3% in the 4th quarter. GHP Investment Advisors Inc. now owns 29,916 shares of the technology company's stock valued at $5,009,000 after purchasing an additional 3,044 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in OSI Systems by 51.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 40,557 shares of the technology company's stock worth $6,790,000 after acquiring an additional 13,826 shares during the last quarter. Institutional investors own 89.21% of the company's stock.

OSI Systems Price Performance

NASDAQ:OSIS opened at $226.47 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.88 and a quick ratio of 1.25. OSI Systems has a 1-year low of $129.18 and a 1-year high of $234.59. The company has a 50 day moving average price of $208.98 and a 200-day moving average price of $193.53. The firm has a market cap of $3.80 billion, a price-to-earnings ratio of 29.15, a price-to-earnings-growth ratio of 1.81 and a beta of 1.28.

OSI Systems (NASDAQ:OSIS - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The technology company reported $2.44 EPS 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 the consensus estimate of $436.49 million. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. The firm's revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.16 EPS. Equities research analysts forecast that OSI Systems will post 9.22 EPS 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.

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