OSI Systems, Inc. (NASDAQ:OSIS) Given Average Recommendation of “Buy” by Brokerages

OSI Systems, Inc. (NASDAQ:OSIS) has received a consensus rating of “Buy” from the five research firms that are covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy rating. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $172.60.

Several brokerages have recently weighed in on OSIS. Bank of America initiated coverage on shares of OSI Systems in a research report on Monday, September 30th. They set a “buy” rating and a $175.00 target price on the stock. Roth Mkm upped their price objective on OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Wells Fargo & Company initiated coverage on OSI Systems in a report on Wednesday, September 18th. They issued an “overweight” rating and a $170.00 target price for the company. Finally, B. Riley upped their price target on OSI Systems from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, August 23rd.

Insider Buying and Selling at OSI Systems

In other OSI Systems news, CEO Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction on Monday, September 16th. The shares were sold at an average price of $144.92, for a total value of $2,898,400.00. Following the sale, the chief executive officer now directly owns 459,033 shares in the company, valued at approximately $66,523,062.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Gerald M. Chizever sold 3,000 shares of OSI Systems stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $138.41, for a total value of $415,230.00. Following the completion of the transaction, the director now owns 3,462 shares of the company’s stock, valued at $479,175.42. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Deepak Chopra sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $144.92, for a total value of $2,898,400.00. Following the transaction, the chief executive officer now directly owns 459,033 shares in the company, valued at approximately $66,523,062.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,107 shares of company stock worth $3,474,189. Corporate insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On OSI Systems

Several hedge funds have recently bought and sold shares of OSIS. West Paces Advisors Inc. bought a new position in OSI Systems during the 1st quarter worth $28,000. Quest Partners LLC bought a new position in OSI Systems during the second quarter worth about $40,000. Cape Investment Advisory Inc. acquired a new stake in OSI Systems in the 1st quarter worth about $63,000. Covestor Ltd boosted its holdings in OSI Systems by 48,000.0% in the 1st quarter. Covestor Ltd now owns 481 shares of the technology company’s stock valued at $69,000 after purchasing an additional 480 shares during the period. Finally, Innealta Capital LLC acquired a new position in shares of OSI Systems during the 2nd quarter worth approximately $82,000. 89.21% of the stock is currently owned by institutional investors and hedge funds.

OSI Systems Stock Up 0.5 %

NASDAQ OSIS opened at $145.48 on Monday. OSI Systems has a twelve month low of $103.04 and a twelve month high of $158.69. The stock has a market cap of $2.41 billion, a PE ratio of 20.01, a PEG ratio of 1.39 and a beta of 1.08. The firm has a 50-day simple moving average of $144.18 and a 200 day simple moving average of $140.94. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.00 and a current ratio of 1.49.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings data on Thursday, August 22nd. The technology company reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.79 by $0.05. The company had revenue of $480.91 million for the quarter, compared to analyst estimates of $467.24 million. OSI Systems had a return on equity of 17.80% and a net margin of 8.33%. OSI Systems’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.66 EPS. On average, research analysts forecast that OSI Systems will post 8.98 EPS for the current year.

About OSI Systems

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.