OSI Systems, Inc. (NASDAQ:OSIS) Given Consensus Recommendation of “Buy” by Brokerages

by · The Cerbat Gem

OSI Systems, Inc. (NASDAQ:OSIS – Get Free Report) has earned an average rating of “Buy” from the five brokerages that are currently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $172.60.

A number of research firms have issued reports on OSIS. Bank of America began coverage on shares of OSI Systems in a report on Monday, September 30th. They set a “buy” rating and a $175.00 price objective on the stock. B. Riley upped their price objective on shares of OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Wells Fargo & Company initiated coverage on shares of OSI Systems in a research note on Wednesday, September 18th. They issued an “overweight” rating and a $170.00 price objective 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 note on Friday, August 23rd.

Check Out Our Latest Research Report on OSI Systems

OSI Systems Stock Up 0.5 %

OSI Systems stock opened at $145.48 on Monday. The company has a market capitalization of $2.41 billion, a PE ratio of 20.01, a PEG ratio of 1.39 and a beta of 1.08. OSI Systems has a 12-month low of $103.04 and a 12-month high of $158.69. The firm’s fifty day moving average is $144.18 and its 200 day moving average is $140.94. The company has a quick ratio of 1.00, a current ratio of 1.49 and a debt-to-equity ratio of 0.15.

OSI Systems (NASDAQ:OSIS – Get Free Report) last issued its earnings results on Thursday, August 22nd. The technology company reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.79 by $0.05. OSI Systems had a return on equity of 17.80% and a net margin of 8.33%. The company had revenue of $480.91 million for the quarter, compared to analysts’ expectations of $467.24 million. During the same period last year, the business earned $2.66 EPS. OSI Systems’s quarterly revenue was up 16.8% compared to the same quarter last year. As a group, sell-side analysts predict that OSI Systems will post 8.98 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Deepak Chopra sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were 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 directly owns 459,033 shares in the company, valued at approximately $66,523,062.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Paul Keith Morben sold 1,107 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $145.04, for a total transaction of $160,559.28. Following the completion of the sale, the insider now directly owns 10,077 shares in the company, valued at $1,461,568.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Deepak Chopra sold 20,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $144.92, for a total transaction of $2,898,400.00. Following the sale, the chief executive officer now owns 459,033 shares of the company’s stock, valued at $66,523,062.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,107 shares of company stock valued at $3,474,189 in the last quarter. Corporate insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. West Paces Advisors Inc. purchased a new position in OSI Systems during the 1st quarter valued at $28,000. Quest Partners LLC purchased a new stake in shares of OSI Systems in the 2nd quarter worth about $40,000. Cape Investment Advisory Inc. purchased a new stake in shares of OSI Systems in the 1st quarter worth about $63,000. Covestor Ltd grew its position in shares of OSI Systems by 48,000.0% in the 1st quarter. Covestor Ltd now owns 481 shares of the technology company’s stock worth $69,000 after buying an additional 480 shares during the period. Finally, Innealta Capital LLC purchased a new stake in shares of OSI Systems in the 2nd quarter worth about $82,000. 89.21% of the stock is owned by hedge funds and other institutional investors.

About OSI Systems

(Get Free Report

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.

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