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

OSI Systems, Inc. (NASDAQ:OSIS) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $228.33.

A number of equities research analysts recently commented on OSIS shares. Oppenheimer lifted their price objective on OSI Systems from $225.00 to $260.00 and gave the stock an “outperform” rating in a research note on Monday, May 5th. Roth Mkm lifted their price objective on OSI Systems from $224.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. started coverage on OSI Systems in a research note on Friday, February 21st. They set a “neutral” rating and a $225.00 price objective for the company. StockNews.com raised OSI Systems from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Wells Fargo & Company decreased their price objective on OSI Systems from $220.00 to $210.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th.

OSI Systems Trading Down 1.0%

OSIS stock opened at $229.65 on Tuesday. The company has a market cap of $3.86 billion, a P/E ratio of 29.56, a PEG ratio of 1.81 and a beta of 1.28. OSI Systems has a twelve month low of $129.18 and a twelve month high of $233.80. The company has a quick ratio of 1.25, a current ratio of 1.88 and a debt-to-equity ratio of 0.56. The business has a fifty day moving average of $200.79 and a 200-day moving average of $186.81.

OSI Systems (NASDAQ:OSIS) last released its earnings results on Thursday, May 1st. The technology company reported $2.44 earnings per share for the quarter, topping analysts’ consensus estimates of $2.38 by $0.06. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. The company had revenue of $444.35 million during the quarter, compared to the consensus estimate of $436.49 million. During the same quarter in the previous year, the company posted $2.16 earnings per share. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. As a group, equities research analysts expect that OSI Systems will post 9.22 EPS for the current year.

Insider Buying and Selling at OSI Systems

In other OSI Systems news, CFO Alan I. Edrick sold 20,000 shares of the business’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $229.00, for a total value of $4,580,000.00. Following the completion of the transaction, the chief financial officer now directly owns 284,953 shares of the company’s stock, valued at approximately $65,254,237. The trade was a 6.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Glenn Grindstaff sold 688 shares of the business’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $224.89, for a total value of $154,724.32. Following the completion of the sale, the insider now owns 8,354 shares in the company, valued at approximately $1,878,731.06. This trade represents a 7.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,621 shares of company stock valued at $9,375,570. Company insiders own 5.20% of the company’s stock.

Institutional Trading of OSI Systems

Institutional investors have recently modified their holdings of the company. Park Avenue Securities LLC lifted its holdings in shares of OSI Systems by 36.0% in the fourth quarter. Park Avenue Securities LLC now owns 6,275 shares of the technology company’s stock valued at $1,051,000 after purchasing an additional 1,660 shares in the last quarter. Schroder Investment Management Group bought a new stake in shares of OSI Systems in the fourth quarter valued at about $472,000. Barclays PLC lifted its holdings in shares of OSI Systems by 252.3% in the third quarter. Barclays PLC now owns 35,519 shares of the technology company’s stock valued at $5,392,000 after purchasing an additional 25,437 shares in the last quarter. Register Financial Advisors LLC lifted its holdings in shares of OSI Systems by 128.0% in the fourth quarter. Register Financial Advisors LLC now owns 11,400 shares of the technology company’s stock valued at $1,909,000 after purchasing an additional 6,400 shares in the last quarter. Finally, Avanza Fonder AB bought a new stake in shares of OSI Systems in the fourth quarter valued at about $370,000. 89.21% of the stock is currently owned by institutional investors.

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.