OSI Systems (NASDAQ:OSIS) Given "Buy (B)" Rating at Weiss Ratings

Key Points

• OSI Systems has been assigned a "Buy (B)" rating by Weiss Ratings, highlighting positive investor sentiment towards the stock.
• Several brokerages have increased their price targets for OSI Systems, with projections ranging from $260.00 to $280.00, reflecting a consensus average price target of $247.50.
• The company's quarterly earnings exceeded expectations, reporting an EPS of $3.24 and a revenue of $504.99 million, indicating strong performance growth over the previous year.

OSI Systems (NASDAQ:OSIS - Get Free Report)'s stock had its "buy (b)" rating restated by equities researchers at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

A number of other brokerages have also recently issued reports on OSIS. B. Riley upped their price objective on shares of OSI Systems from $255.00 to $260.00 and gave the company a "buy" rating in a research note on Friday, August 22nd. Oppenheimer upped their price objective on shares of OSI Systems from $270.00 to $280.00 and gave the company an "outperform" rating in a research note on Friday, October 3rd. Finally, Bank of America upped their price objective on shares of OSI Systems from $250.00 to $265.00 and gave the company a "buy" rating in a research note on Friday, September 26th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $247.50.

OSI Systems Price Performance

Shares of NASDAQ:OSIS opened at $248.61 on Wednesday. The company has a current ratio of 2.04, a quick ratio of 1.46 and a debt-to-equity ratio of 0.49. OSI Systems has a 12 month low of $129.84 and a 12 month high of $257.33. The stock has a market cap of $4.18 billion, a P/E ratio of 28.58, a P/E/G ratio of 2.13 and a beta of 1.32. The company has a 50 day moving average of $233.25 and a 200 day moving average of $220.44.

OSI Systems (NASDAQ:OSIS - Get Free Report) last released its quarterly earnings results on Thursday, August 21st. The technology company reported $3.24 EPS for the quarter, topping analysts' consensus estimates of $3.19 by $0.05. OSI Systems had a net margin of 8.73% and a return on equity of 18.69%. The business had revenue of $504.99 million during the quarter, compared to analysts' expectations of $497.22 million. During the same quarter in the previous year, the company earned $2.84 EPS. The business's quarterly revenue was up 4.9% compared to the same quarter last year. OSI Systems has set its FY 2026 guidance at 10.110-10.390 EPS. As a group, sell-side analysts forecast that OSI Systems will post 9.22 EPS for the current fiscal year.

Insider Transactions at OSI Systems

In other news, Chairman Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $245.80, for a total transaction of $4,916,000.00. Following the sale, the chairman owned 312,969 shares of the company's stock, valued at approximately $76,927,780.20. The trade was a 6.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Paul Keith Morben sold 1,671 shares of OSI Systems stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $236.76, for a total transaction of $395,625.96. Following the sale, the insider directly owned 8,749 shares in the company, valued at $2,071,413.24. The trade was a 16.04% decrease in their position. The disclosure for this sale can be found here. Insiders own 5.20% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Canandaigua National Bank & Trust Co. bought a new position in shares of OSI Systems in the 3rd quarter worth about $217,000. Assenagon Asset Management S.A. increased its stake in shares of OSI Systems by 13.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 16,611 shares of the technology company's stock worth $4,140,000 after acquiring an additional 1,973 shares in the last quarter. Texas Permanent School Fund Corp increased its stake in shares of OSI Systems by 9.0% in the 2nd quarter. Texas Permanent School Fund Corp now owns 9,761 shares of the technology company's stock worth $2,195,000 after acquiring an additional 804 shares in the last quarter. Osaic Holdings Inc. increased its stake in shares of OSI Systems by 418.1% in the 2nd quarter. Osaic Holdings Inc. now owns 32,688 shares of the technology company's stock worth $7,350,000 after acquiring an additional 26,379 shares in the last quarter. Finally, Cim Investment Management Inc. bought a new position in shares of OSI Systems in the 2nd quarter worth about $214,000. 89.21% of the stock is currently owned by 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.

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