OSI Systems (NASDAQ:OSIS) PT Raised to $160.00 at Oppenheimer

OSI Systems (NASDAQ:OSIS) had its price target lifted by Oppenheimer from $157.00 to $160.00 in a research report sent to investors on Monday, Benzinga reports. Oppenheimer currently has an outperform rating on the technology company’s stock.

A number of other analysts have also recently commented on OSIS. Roth Mkm boosted their price target on OSI Systems from $169.00 to $172.00 and gave the stock a buy rating in a research report on Friday, April 26th. StockNews.com lowered shares of OSI Systems from a buy rating to a hold rating in a research report on Saturday, April 27th.

OSI Systems Stock Performance

NASDAQ:OSIS opened at $135.74 on Monday. The company has a quick ratio of 0.89, a current ratio of 1.47 and a debt-to-equity ratio of 0.16. OSI Systems has a twelve month low of $103.04 and a twelve month high of $144.11. The stock has a market cap of $2.31 billion, a P/E ratio of 18.67, a price-to-earnings-growth ratio of 1.48 and a beta of 0.99. The firm’s fifty day simple moving average is $135.78 and its 200 day simple moving average is $127.79.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings results on Thursday, April 25th. The technology company reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.11 by $0.05. The company had revenue of $405.41 million during the quarter, compared to the consensus estimate of $401.99 million. OSI Systems had a net margin of 8.56% and a return on equity of 18.10%. OSI Systems’s revenue was up 33.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.49 earnings per share. As a group, research analysts predict that OSI Systems will post 8.09 EPS for the current year.

Insider Buying and Selling

In related news, Director Meyer/ Luskin sold 6,755 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $134.36, for a total value of $907,601.80. Following the transaction, the director now directly owns 20,883 shares of the company’s stock, valued at approximately $2,805,839.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Meyer/ Luskin sold 6,755 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $134.36, for a total transaction of $907,601.80. Following the completion of the transaction, the director now owns 20,883 shares in the company, valued at $2,805,839.88. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Paul Keith Morben sold 310 shares of OSI Systems stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $133.02, for a total value of $41,236.20. Following the completion of the sale, the insider now directly owns 8,834 shares in the company, valued at $1,175,098.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,065 shares of company stock worth $2,901,988. 5.60% of the stock is owned by corporate insiders.

Institutional Trading of OSI Systems

Several hedge funds have recently made changes to their positions in the business. West Paces Advisors Inc. bought a new stake in OSI Systems in the first quarter worth about $28,000. Global Retirement Partners LLC increased its position in OSI Systems by 1,021.1% during the 1st quarter. Global Retirement Partners LLC now owns 213 shares of the technology company’s stock valued at $30,000 after buying an additional 194 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in OSI Systems by 27.1% in the third quarter. Parkside Financial Bank & Trust now owns 422 shares of the technology company’s stock worth $50,000 after acquiring an additional 90 shares in the last quarter. Quest Partners LLC purchased a new position in shares of OSI Systems in the fourth quarter worth $53,000. Finally, International Assets Investment Management LLC raised its stake in OSI Systems by 3,585.7% in the 4th quarter. International Assets Investment Management LLC now owns 516 shares of the technology company’s stock worth $67,000 after acquiring an additional 502 shares during the last quarter. 89.21% of the stock is currently owned by hedge funds and other 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.