OSI Systems (NASDAQ:OSIS) Price Target Lowered to $210.00 at Wells Fargo & Company

OSI Systems (NASDAQ:OSIS) had its target price decreased by Wells Fargo & Company from $220.00 to $210.00 in a research note published on Tuesday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the technology company’s stock.

A number of other brokerages have also recently commented on OSIS. JPMorgan Chase & Co. assumed coverage on shares of OSI Systems in a report on Friday, February 21st. They set a “neutral” rating and a $225.00 target price on the stock. Roth Mkm upped their price objective on shares of OSI Systems from $178.00 to $224.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Oppenheimer lifted their target price on shares of OSI Systems from $205.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, January 24th. StockNews.com downgraded OSI Systems from a “hold” rating to a “sell” rating in a research note on Thursday, March 27th. Finally, B. Riley lifted their price objective on OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $213.33.

OSI Systems Stock Performance

Shares of OSIS stock opened at $184.44 on Tuesday. The company has a market capitalization of $3.10 billion, a P/E ratio of 23.74, a PEG ratio of 1.81 and a beta of 1.19. OSI Systems has a fifty-two week low of $126.57 and a fifty-two week high of $220.00. 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 stock has a 50 day moving average price of $195.84 and a two-hundred day moving average price of $174.01.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings data on Thursday, January 23rd. The technology company reported $2.42 earnings per share 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%. Analysts expect that OSI Systems will post 9.22 earnings per share for the current year.

Insider Activity at OSI Systems

In other news, Director Gerald M. Chizever sold 2,701 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $195.83, for a total transaction of $528,936.83. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $979,150. This trade represents a 35.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Paul Keith Morben sold 155 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $199.36, for a total value of $30,900.80. Following the transaction, the insider now owns 10,077 shares in the company, valued at $2,008,950.72. The trade was a 1.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is owned by insiders.

Hedge Funds Weigh In On OSI Systems

Several institutional investors have recently bought and sold shares of the business. Chatham Capital Group Inc. lifted its position in OSI Systems by 4.2% during the first quarter. Chatham Capital Group Inc. now owns 16,775 shares of the technology company’s stock valued at $3,260,000 after acquiring an additional 673 shares during the last quarter. Rhumbline Advisers increased its position in shares of OSI Systems by 2.1% during the first quarter. Rhumbline Advisers now owns 45,234 shares of the technology company’s stock worth $8,791,000 after purchasing an additional 912 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of OSI Systems by 27,175.4% during the 1st quarter. GAMMA Investing LLC now owns 31,094 shares of the technology company’s stock valued at $6,043,000 after purchasing an additional 30,980 shares during the last quarter. Toronto Dominion Bank acquired a new stake in shares of OSI Systems in the 4th quarter worth $308,000. Finally, CSS LLC IL grew its stake in OSI Systems by 322.2% during the 4th quarter. CSS LLC IL now owns 7,600 shares of the technology company’s stock worth $1,272,000 after buying an additional 5,800 shares during the last quarter. 89.21% of the stock is owned by hedge funds and other 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.