OSI Systems, Inc. (NASDAQ:OSIS) Receives Average Rating of “Buy” from Brokerages

OSI Systems, Inc. (NASDAQ:OSIS) has received an average rating of “Buy” from the five research firms that are covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a buy rating. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $172.60.

OSIS has been the topic of several recent research reports. Wells Fargo & Company began coverage on OSI Systems in a research report on Wednesday, September 18th. They set an “overweight” rating and a $170.00 target price on the stock. Roth Mkm increased their price objective on OSI Systems from $172.00 to $178.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. B. Riley lifted their target price on OSI Systems from $165.00 to $180.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Finally, Bank of America started coverage on OSI Systems in a research report on Monday, September 30th. They set a “buy” rating and a $175.00 price target on the stock.

Insider Buying and Selling

In other news, insider Paul Keith Morben sold 1,107 shares of OSI Systems stock in a transaction dated Friday, September 13th. The stock was 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 owns 10,077 shares in the company, valued at approximately $1,461,568.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Gerald M. Chizever sold 3,000 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $138.41, for a total value of $415,230.00. Following the transaction, the director now owns 3,462 shares of the company’s stock, valued at $479,175.42. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul Keith Morben sold 1,107 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $145.04, for a total value of $160,559.28. Following the sale, the insider now owns 10,077 shares in the company, valued at $1,461,568.08. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,107 shares of company stock worth $3,474,189. Corporate insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On OSI Systems

Several institutional investors have recently modified their holdings of the company. Arizona State Retirement System grew its holdings in shares of OSI Systems by 2.2% during the 2nd quarter. Arizona State Retirement System now owns 4,532 shares of the technology company’s stock valued at $623,000 after purchasing an additional 97 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of OSI Systems by 1.3% in the second quarter. Louisiana State Employees Retirement System now owns 7,900 shares of the technology company’s stock worth $1,086,000 after buying an additional 100 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of OSI Systems by 4.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,896 shares of the technology company’s stock worth $503,000 after buying an additional 178 shares during the period. Inspire Investing LLC lifted its stake in shares of OSI Systems by 7.9% in the 3rd quarter. Inspire Investing LLC now owns 2,741 shares of the technology company’s stock valued at $416,000 after acquiring an additional 200 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in OSI Systems by 5.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,901 shares of the technology company’s stock valued at $536,000 after acquiring an additional 202 shares during the period. 89.21% of the stock is currently owned by institutional investors.

OSI Systems Trading Down 3.2 %

Shares of OSI Systems stock opened at $137.65 on Friday. The stock has a market capitalization of $2.28 billion, a P/E ratio of 18.70, a P/E/G ratio of 1.33 and a beta of 1.08. OSI Systems has a 52-week low of $103.04 and a 52-week high of $158.69. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.00 and a current ratio of 1.49. The stock’s 50-day simple moving average is $145.38 and its 200 day simple moving average is $141.49.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings results on Thursday, August 22nd. The technology company reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.79 by $0.05. The company had revenue of $480.91 million for the quarter, compared to analyst estimates of $467.24 million. OSI Systems had a net margin of 8.33% and a return on equity of 17.80%. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.66 earnings per share. As a group, research analysts anticipate that OSI Systems will post 8.98 EPS for the current 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.