OSI Systems (NASDAQ:OSIS) Price Target Raised to $265.00 at Bank of America

Key Points

• Bank of America raised OSI Systems' target price from $250.00 to $265.00, indicating a potential upside of 14.41% from its previous close.
• OSI Systems has an average rating of "Moderate Buy" and a consensus target price of $245.83, with several analysts reiterating buy ratings.
• The company reported earnings of $3.24 per share for the last quarter, exceeding estimates and showing a revenue increase of 4.9% compared to the same quarter last year.

OSI Systems (NASDAQ:OSIS - Get Free Report) had its target price hoisted by research analysts at Bank of America from $250.00 to $265.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a "buy" rating on the technology company's stock. Bank of America's price target would suggest a potential upside of 14.41% from the stock's previous close.

Several other analysts have also weighed in on the stock. Oppenheimer reiterated an "outperform" rating and issued a $270.00 price objective on shares of OSI Systems in a research note on Friday, August 22nd. B. Riley lifted 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. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, OSI Systems has an average rating of "Moderate Buy" and a consensus target price of $245.83.

OSI Systems Stock Up 1.8%

OSI Systems stock opened at $231.63 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.46 and a current ratio of 2.04. OSI Systems has a 52-week low of $129.84 and a 52-week high of $244.49. The firm has a 50 day moving average price of $228.77 and a two-hundred day moving average price of $216.85. The firm has a market cap of $3.90 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 1.89 and a beta of 1.30.

OSI Systems (NASDAQ:OSIS - Get Free Report) last released its quarterly earnings results on Thursday, August 21st. The technology company reported $3.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.19 by $0.05. OSI Systems had a net margin of 8.73% and a return on equity of 18.69%. The firm had revenue of $504.99 million during the quarter, compared to analyst estimates of $497.22 million. During the same quarter last year, the business earned $2.84 EPS. The company's 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. Equities analysts predict that OSI Systems will post 9.22 EPS for the current year.

Insider Buying and Selling

In other OSI Systems news, insider Paul Keith Morben sold 1,671 shares of the business's stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $236.76, for a total transaction of $395,625.96. Following the completion of the sale, the insider owned 8,749 shares in the company, valued at approximately $2,071,413.24. The trade was a 16.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 5.20% of the company's stock.

Institutional Trading of OSI Systems

Hedge funds and other institutional investors have recently bought and sold shares of the business. National Bank of Canada FI increased its stake in OSI Systems by 118.2% during the 1st quarter. National Bank of Canada FI now owns 144 shares of the technology company's stock valued at $28,000 after purchasing an additional 78 shares in the last quarter. Bessemer Group Inc. increased its stake in OSI Systems by 78.7% during the 2nd quarter. Bessemer Group Inc. now owns 134 shares of the technology company's stock valued at $30,000 after purchasing an additional 59 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in 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 purchasing an additional 113 shares in the last quarter. Virtus Advisers LLC bought a new stake in OSI Systems during the 1st quarter valued at $43,000. Finally, USA Financial Formulas bought a new stake in OSI Systems during the 2nd quarter valued at $55,000. Institutional investors own 89.21% of the company's stock.

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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