Brokerages Set OSI Systems, Inc. (NASDAQ:OSIS) Price Target at $212.00

Shares of OSI Systems, Inc. (NASDAQ:OSIS) have earned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment 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 a report on the stock in the last year is $212.00.

Several research firms recently commented on OSIS. B. Riley boosted their price objective on shares of OSI Systems from $180.00 to $221.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Wells Fargo & Company upped their target price on shares of OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. assumed coverage on shares of OSI Systems in a research note on Friday, February 21st. They issued a “neutral” rating and a $225.00 target price on the stock. StockNews.com downgraded shares of OSI Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, February 26th. Finally, Roth Mkm upped their target price on shares of OSI Systems from $178.00 to $224.00 and gave the stock a “buy” rating in a research note on Friday, January 24th.

Insider Activity

In other OSI Systems news, insider Manoocher M. Aliabadi sold 2,509 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $180.02, for a total transaction of $451,670.18. Following the completion of the sale, the insider now directly owns 78,094 shares of the company’s stock, valued at approximately $14,058,481.88. This represents a 3.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul Keith Morben sold 155 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $199.36, for a total transaction of $30,900.80. Following the sale, the insider now directly owns 10,077 shares of the company’s stock, valued at approximately $2,008,950.72. This represents a 1.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,719 shares of company stock valued at $5,208,248 over the last three months. Insiders own 5.20% of the company’s stock.

Institutional Trading of OSI Systems

A number of hedge funds and other institutional investors have recently modified their holdings of the company. State of Wyoming increased its stake 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 worth $452,000 after purchasing an additional 51 shares in the last quarter. Richardson Financial Services Inc. increased its stake in shares of OSI Systems by 65.6% in the fourth 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 increased its stake in shares of OSI Systems by 0.7% in the fourth quarter. MetLife Investment Management LLC now owns 9,401 shares of the technology company’s stock worth $1,574,000 after purchasing an additional 61 shares in the last quarter. Summit Investment Advisors Inc. boosted its position in shares of OSI Systems by 4.7% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,660 shares of the technology company’s stock worth $278,000 after acquiring an additional 74 shares during 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 acquiring an additional 105 shares during the last quarter. 89.21% of the stock is owned by hedge funds and other institutional investors.

OSI Systems Trading Down 5.7 %

NASDAQ:OSIS opened at $180.71 on Thursday. OSI Systems has a one year low of $126.57 and a one year high of $220.00. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.88 and a quick ratio of 1.25. The company’s 50-day simple moving average is $187.53 and its 200 day simple moving average is $165.66. The firm has a market capitalization of $3.04 billion, a P/E ratio of 23.26, a PEG ratio of 1.81 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 EPS for the quarter, topping the consensus estimate of $2.34 by $0.08. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. As a group, analysts forecast that OSI Systems will post 9.22 EPS for the current fiscal year.

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.