OSI Systems (NASDAQ:OSIS) Stock Price Target Cut by Oppenheimer

OSI Systems (NASDAQ:OSIS) had its price target dropped by analysts at Oppenheimer from $300.00 to $265.00 in a report released on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the technology company’s stock. Oppenheimer’s price objective would indicate a potential upside of 36.56% from the stock’s previous close.

A number of other analysts also recently issued reports on the stock. Bank of America dropped their target price on shares of OSI Systems from $315.00 to $300.00 and set a “buy” rating for the company in a research report on Monday, July 20th. Weiss Ratings lowered shares of OSI Systems from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 30th. Roth Capital reissued a “buy” rating and issued a $274.00 target price on shares of OSI Systems in a research note on Friday, August 21st. Finally, B. Riley Financial restated a “buy” rating and set a $265.00 target price (down from $320.00) on shares of OSI Systems in a report on Friday, August 21st. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, OSI Systems currently has a consensus rating of “Moderate Buy” and an average target price of $276.71.

OSI Systems Stock Down 2.3%

Shares of NASDAQ:OSIS opened at $194.05 on Thursday. The company has a current ratio of 3.15, a quick ratio of 2.34 and a debt-to-equity ratio of 1.20. The firm has a market cap of $3.09 billion, a price-to-earnings ratio of 21.56, a PEG ratio of 1.49 and a beta of 1.21. The stock’s 50-day moving average price is $210.22 and its two-hundred day moving average price is $229.53. OSI Systems has a 12-month low of $186.50 and a 12-month high of $311.72.

OSI Systems (NASDAQ:OSIS) last released its earnings results on Thursday, August 20th. The technology company reported $3.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.77 by $0.01. OSI Systems had a net margin of 8.66% and a return on equity of 20.33%. The business had revenue of $484.06 million for the quarter, compared to analysts’ expectations of $529.72 million. During the same period last year, the company earned $2.84 earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis. OSI Systems has set its FY 2027 guidance at 11.130-11.490 EPS. On average, research analysts forecast that OSI Systems will post 11.35 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of OSIS. Group One Trading LLC acquired a new stake in OSI Systems during the 1st quarter valued at approximately $27,000. Transamerica Financial Advisors LLC purchased a new position in shares of OSI Systems during the 2nd quarter valued at approximately $26,000. Public Employees Retirement System of Ohio acquired a new stake in shares of OSI Systems during the second quarter worth approximately $35,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of OSI Systems during the second quarter worth approximately $39,000. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of OSI Systems by 249.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 269 shares of the technology company’s stock worth $69,000 after buying an additional 192 shares during the last quarter. Hedge funds and other institutional investors own 89.21% of the company’s stock.

About OSI Systems

OSI Systems, Inc is a diversified technology company that designs and manufactures specialized electronic systems, components and subsystems. Headquartered in Hawthorne, California, the company serves customers in the security, healthcare, defense, aerospace and industrial markets.

Through its Security division, OSI Systems provides inspection and screening technologies used at airports, ports, border crossings and other critical infrastructure locations. Its products include baggage and cargo inspection systems, checkpoint screening equipment, explosive and narcotics detection systems, radiation detection products, and systems for inspecting vehicles and people.

The company’s Healthcare division develops patient monitoring and diagnostic systems, including equipment used in cardiology, anesthesia and other clinical applications.