OSI Systems (NASDAQ:OSIS) Given New $202.00 Price Target at Wells Fargo & Company

OSI Systems (NASDAQ:OSIS) had its target price lifted by Wells Fargo & Company from $172.00 to $202.00 in a research note released on Wednesday morning,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

Several other research analysts have also recently issued reports on the stock. B. Riley lifted their target price on shares of OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. StockNews.com upgraded shares of OSI Systems from a “sell” rating to a “hold” rating in a report on Tuesday. Bank of America assumed coverage on OSI Systems in a research note on Monday, September 30th. They set a “buy” rating and a $175.00 target price on the stock. Finally, Roth Mkm boosted their price target on OSI Systems from $172.00 to $178.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, OSI Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $179.00.

OSI Systems Stock Up 1.6 %

OSIS stock opened at $186.99 on Wednesday. The business has a 50 day moving average of $154.53 and a 200 day moving average of $146.60. The firm has a market cap of $3.12 billion, a PE ratio of 24.41, a price-to-earnings-growth ratio of 1.55 and a beta of 1.18. OSI Systems has a twelve month low of $120.42 and a twelve month high of $188.44. The company has a quick ratio of 1.20, a current ratio of 1.84 and a debt-to-equity ratio of 0.60.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings results on Thursday, October 24th. The technology company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.19. The firm had revenue of $344.01 million during the quarter, compared to the consensus estimate of $318.66 million. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. The company’s revenue was up 23.2% on a year-over-year basis. During the same period last year, the company earned $0.91 earnings per share. On average, research analysts forecast that OSI Systems will post 9.13 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Manoocher M. Aliabadi sold 1,728 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $180.39, for a total value of $311,713.92. Following the transaction, the insider now owns 80,603 shares of the company’s stock, valued at approximately $14,539,975.17. This trade represents a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Deepak Chopra sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $153.42, for a total transaction of $2,301,300.00. Following the sale, the chief executive officer now directly owns 424,323 shares of the company’s stock, valued at approximately $65,099,634.66. This represents a 3.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 39,835 shares of company stock valued at $5,968,293. Company insiders own 5.20% of the company’s stock.

Hedge Funds Weigh In On OSI Systems

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Janus Henderson Group PLC raised its stake in shares of OSI Systems by 2.5% in the third quarter. Janus Henderson Group PLC now owns 1,209,168 shares of the technology company’s stock worth $183,589,000 after buying an additional 29,858 shares during the period. State Street Corp raised its stake in OSI Systems by 0.9% during the 3rd quarter. State Street Corp now owns 727,690 shares of the technology company’s stock worth $110,485,000 after acquiring an additional 6,514 shares during the period. FMR LLC raised its stake in OSI Systems by 4,891.4% during the 3rd quarter. FMR LLC now owns 644,396 shares of the technology company’s stock worth $97,839,000 after acquiring an additional 631,486 shares during the period. Geode Capital Management LLC lifted its holdings in OSI Systems by 1.5% during the third quarter. Geode Capital Management LLC now owns 380,092 shares of the technology company’s stock valued at $57,720,000 after purchasing an additional 5,718 shares in the last quarter. Finally, Hood River Capital Management LLC boosted its position in shares of OSI Systems by 10.6% in the second quarter. Hood River Capital Management LLC now owns 316,788 shares of the technology company’s stock worth $43,565,000 after purchasing an additional 30,464 shares during the period. 89.21% of the stock is currently 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.