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

Shares of OSI Systems, Inc. (NASDAQ:OSIS - Get Free Report) have earned an average rating of "Moderate Buy" from the six analysts that are presently covering the company, MarketBeat.com 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 ratings on the stock in the last year is $228.33.

Several brokerages have commented on OSIS. Wall Street Zen upgraded shares of OSI Systems from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Roth Mkm increased their price target on OSI Systems from $224.00 to $245.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. began coverage on OSI Systems in a report on Friday, February 21st. They set a "neutral" rating and a $225.00 price target for the company. Oppenheimer upped their price objective on OSI Systems from $225.00 to $260.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. Finally, Wells Fargo & Company lowered their target price on OSI Systems from $220.00 to $210.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th.

Insider Buying and Selling at OSI Systems

In other OSI Systems news, Director William Francis Ballhaus, Jr. sold 750 shares of OSI Systems stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $228.88, for a total transaction of $171,660.00. Following the completion of the transaction, the director now directly owns 24,055 shares of the company's stock, valued at $5,505,708.40. The trade was a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 completion of the sale, the insider now directly owns 8,354 shares in the company, valued at approximately $1,878,731.06. This represents a 7.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,371 shares of company stock worth $9,547,230 over the last ninety days. Company insiders own 5.20% of the company's stock.

Hedge Funds Weigh In On OSI Systems

A number of large investors have recently made changes to their positions in the company. Aster Capital Management DIFC Ltd purchased a new stake in OSI Systems in the 4th quarter worth about $25,000. National Bank of Canada FI grew its stake in shares of OSI Systems by 118.2% during the first quarter. National Bank of Canada FI now owns 144 shares of the technology company's stock valued at $28,000 after buying an additional 78 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of OSI Systems by 139.5% in the first quarter. Nisa Investment Advisors LLC now owns 194 shares of the technology company's stock worth $38,000 after buying an additional 113 shares during the period. Virtus Advisers LLC bought a new stake in shares of OSI Systems during the 1st quarter worth approximately $43,000. Finally, Smartleaf Asset Management LLC lifted its stake 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 acquiring an additional 195 shares during the last quarter. 89.21% of the stock is owned by hedge funds and other institutional investors.

OSI Systems Price Performance

OSIS traded up $3.82 on Friday, hitting $231.60. 148,685 shares of the company's stock traded hands, compared to its average volume of 196,959. The company's 50 day simple moving average is $209.57 and its 200-day simple moving average is $194.41. The company has a current ratio of 1.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.56. OSI Systems has a one year low of $129.18 and a one year high of $234.59. The firm has a market cap of $3.89 billion, a price-to-earnings ratio of 29.81, a P/E/G ratio of 1.81 and a beta of 1.28.

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. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. The firm had revenue of $444.35 million for the quarter, compared to analysts' expectations of $436.49 million. During the same quarter last year, the business posted $2.16 earnings per share. The company's revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, research analysts anticipate 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.