OSI Systems (NASDAQ:OSIS) Now Covered by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. started coverage on shares of OSI Systems (NASDAQ:OSIS) in a research note published on Friday morning, Marketbeat.com reports. The brokerage issued a neutral rating and a $225.00 target price on the technology company’s stock.

Other analysts have also issued reports about the company. Roth Mkm lifted their price objective on OSI Systems from $178.00 to $224.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Oppenheimer lifted their price target on shares of OSI Systems from $205.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. B. Riley increased their price objective on shares of OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a report on Friday, January 24th. Wells Fargo & Company lifted their target price on shares of OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Finally, StockNews.com downgraded OSI Systems from a “hold” rating to a “sell” rating in a research note on Monday, February 17th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, OSI Systems has a consensus rating of “Moderate Buy” and a consensus price target of $212.00.

OSI Systems Price Performance

Shares of OSIS stock opened at $202.27 on Friday. OSI Systems has a 1 year low of $126.57 and a 1 year high of $220.00. The company has a current ratio of 1.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.56. The firm’s 50 day moving average is $183.86 and its 200-day moving average is $161.79. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 1.85 and a beta of 1.19.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings data on Thursday, January 23rd. The technology company reported $2.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.08. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. Sell-side analysts forecast that OSI Systems will post 9.22 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Paul Keith Morben sold 155 shares of the company’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $199.36, for a total value of $30,900.80. Following the completion of the sale, the insider now owns 10,077 shares in the company, valued at $2,008,950.72. This represents a 1.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $187.66, for a total value of $3,753,200.00. Following the transaction, the chief executive officer now owns 404,323 shares in the company, valued at approximately $75,875,254.18. This represents a 4.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,447 shares of company stock worth $5,519,962. Company insiders own 5.20% of the company’s stock.

Institutional Trading of OSI Systems

A number of large investors have recently bought and sold shares of OSIS. State of Wyoming boosted its holdings in shares of OSI Systems by 1.9% in the fourth quarter. State of Wyoming now owns 2,698 shares of the technology company’s stock valued at $452,000 after buying an additional 51 shares during the period. Richardson Financial Services Inc. increased its holdings in OSI Systems by 65.6% during the 4th quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock worth $26,000 after purchasing an additional 61 shares in the last quarter. MetLife Investment Management LLC raised its stake in shares of OSI Systems by 0.7% in the 4th quarter. MetLife Investment Management LLC now owns 9,401 shares of the technology company’s stock valued at $1,574,000 after purchasing an additional 61 shares during the period. Summit Investment Advisors Inc. lifted its holdings in shares of OSI Systems by 4.7% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,660 shares of the technology company’s stock valued at $278,000 after purchasing an additional 74 shares in the last quarter. Finally, Truvestments Capital LLC boosted its position in shares of OSI Systems by 4.9% during the fourth quarter. Truvestments Capital LLC now owns 2,264 shares of the technology company’s stock worth $379,000 after buying an additional 105 shares during the period. 89.21% of the stock is owned by 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.