Brokerages Set OSI Systems, Inc. (NASDAQ:OSIS) PT at $228.33

Shares of OSI Systems, Inc. (NASDAQ:OSIS) have earned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $228.33.

Several research firms have commented on OSIS. JPMorgan Chase & Co. began coverage on shares of OSI Systems in a research note on Friday, February 21st. They set a “neutral” rating and a $225.00 price objective for the company. Wall Street Zen raised shares of OSI Systems from a “sell” rating to a “hold” rating in a research note on Friday, May 16th. Oppenheimer lifted their price objective on shares of OSI Systems from $225.00 to $260.00 and gave the stock an “outperform” rating in a research note on Monday, May 5th. Wells Fargo & Company dropped their price objective on shares of OSI Systems from $220.00 to $210.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Finally, B. Riley reaffirmed a “buy” rating and set a $255.00 price objective (up from $221.00) on shares of OSI Systems in a research note on Friday, May 2nd.

Insider Buying and Selling

In other OSI Systems news, insider Glenn Grindstaff sold 688 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $224.89, for a total transaction of $154,724.32. Following the completion of the sale, the insider now directly owns 8,354 shares of the company’s stock, valued at approximately $1,878,731.06. This represents a 7.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Deepak Chopra sold 20,000 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $221.79, for a total transaction of $4,435,800.00. Following the sale, the chairman now directly owns 339,478 shares of the company’s stock, valued at approximately $75,292,825.62. The trade was a 5.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,371 shares of company stock valued at $9,784,380 over the last three months. 5.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On OSI Systems

Hedge funds have recently modified their holdings of the stock. Barclays PLC raised its position in OSI Systems by 252.3% during the 3rd quarter. Barclays PLC now owns 35,519 shares of the technology company’s stock worth $5,392,000 after buying an additional 25,437 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in OSI Systems during the 4th quarter worth approximately $629,000. KBC Group NV raised its position in OSI Systems by 37.1% during the 4th quarter. KBC Group NV now owns 699 shares of the technology company’s stock worth $117,000 after buying an additional 189 shares during the last quarter. GHP Investment Advisors Inc. raised its position in OSI Systems by 11.3% during the 4th quarter. GHP Investment Advisors Inc. now owns 29,916 shares of the technology company’s stock worth $5,009,000 after buying an additional 3,044 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in OSI Systems by 51.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 40,557 shares of the technology company’s stock worth $6,790,000 after buying an additional 13,826 shares during the last quarter. Institutional investors and hedge funds own 89.21% of the company’s stock.

OSI Systems Trading Down 3.0%

OSIS stock opened at $229.54 on Friday. The firm has a fifty day moving average price of $214.15 and a 200 day moving average price of $195.84. OSI Systems has a fifty-two week low of $129.18 and a fifty-two week high of $241.64. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 1.88. The firm has a market cap of $3.85 billion, a PE ratio of 29.54, a price-to-earnings-growth ratio of 1.81 and a beta of 1.28.

OSI Systems (NASDAQ:OSIS) last posted its earnings results on Thursday, May 1st. The technology company reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.38 by $0.06. The firm had revenue of $444.35 million during the quarter, compared to analyst estimates of $436.49 million. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. OSI Systems’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period last year, the firm posted $2.16 earnings per share. Sell-side analysts anticipate that OSI Systems will post 9.22 earnings per share for the current fiscal 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.