Wells Fargo & Company Boosts OSI Systems (NASDAQ:OSIS) Price Target to $172.00

OSI Systems (NASDAQ:OSIS) had its target price boosted by Wells Fargo & Company from $170.00 to $172.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the technology company’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 29.56% from the company’s previous close.

OSIS has been the subject of several other reports. B. Riley boosted their target price on OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Bank of America initiated coverage on OSI Systems in a research report on Monday, September 30th. They set a “buy” rating and a $175.00 target price for the company. Finally, Roth Mkm boosted their target price on OSI Systems from $172.00 to $178.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $173.00.

OSI Systems Stock Up 1.0 %

Shares of NASDAQ:OSIS traded up $1.35 during mid-day trading on Tuesday, hitting $132.76. 48,234 shares of the company traded hands, compared to its average volume of 119,540. The stock has a market cap of $2.20 billion, a P/E ratio of 17.33, a P/E/G ratio of 1.25 and a beta of 1.08. The company has a current ratio of 1.84, a quick ratio of 1.20 and a debt-to-equity ratio of 0.60. OSI Systems has a 12-month low of $103.04 and a 12-month high of $158.69. The stock has a 50-day moving average price of $144.94 and a two-hundred day moving average price of $141.42.

OSI Systems (NASDAQ:OSIS) last issued its earnings results on Thursday, October 24th. The technology company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.19. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. The firm had revenue of $344.01 million for the quarter, compared to analyst estimates of $318.66 million. During the same period in the previous year, the company posted $0.91 earnings per share. The business’s revenue was up 23.2% on a year-over-year basis. On average, equities research analysts forecast that OSI Systems will post 9.09 earnings per share for the current year.

Insider Activity

In other news, CEO Deepak Chopra sold 20,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 459,033 shares of the company’s stock, valued at approximately $66,523,062.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Deepak Chopra sold 20,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 459,033 shares of the company’s stock, valued at approximately $66,523,062.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gerald M. Chizever sold 3,000 shares of the business’s 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 sale, the director now directly owns 3,462 shares of the company’s stock, valued at approximately $479,175.42. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,107 shares of company stock valued at $3,474,189. Insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quest Partners LLC bought a new position in OSI Systems during the 2nd quarter valued at approximately $40,000. Cape Investment Advisory Inc. bought a new position in OSI Systems during the 1st quarter valued at approximately $63,000. Covestor Ltd raised its position in OSI Systems by 48,000.0% during 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 last quarter. Innealta Capital LLC bought a new position in OSI Systems during the 2nd quarter valued at approximately $82,000. Finally, International Assets Investment Management LLC raised its position in OSI Systems by 15,075.0% during the 3rd quarter. International Assets Investment Management LLC now owns 607 shares of the technology company’s stock valued at $92,000 after purchasing an additional 603 shares during the last quarter. Institutional investors own 89.21% of the company’s stock.

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.