OSI Systems (NASDAQ:OSIS) Given New $315.00 Price Target at Bank of America

OSI Systems (NASDAQ:OSIS) had its price target hoisted by Bank of America from $265.00 to $315.00 in a report issued on Wednesday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

Several other research analysts have also weighed in on OSIS. B. Riley increased their target price on OSI Systems from $255.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, August 22nd. Weiss Ratings restated a “buy (b)” rating on shares of OSI Systems in a report on Wednesday, October 8th. Roth Capital reaffirmed a “buy” rating and issued a $280.00 price objective on shares of OSI Systems in a research note on Wednesday, October 29th. Oppenheimer boosted their target price on OSI Systems from $270.00 to $280.00 and gave the stock an “outperform” rating in a report on Friday, October 3rd. Finally, JPMorgan Chase & Co. raised their price target on shares of OSI Systems from $242.00 to $255.00 and gave the company a “neutral” rating in a report on Monday. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, OSI Systems currently has an average rating of “Moderate Buy” and an average target price of $263.57.

OSI Systems Price Performance

OSIS opened at $281.63 on Wednesday. OSI Systems has a 1 year low of $142.66 and a 1 year high of $283.23. The company’s 50 day simple moving average is $244.70 and its 200 day simple moving average is $229.90. The stock has a market capitalization of $4.78 billion, a PE ratio of 32.37, a P/E/G ratio of 2.13 and a beta of 1.33. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.46 and a current ratio of 2.04.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings results on Thursday, October 30th. The technology company reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.05. The company had revenue of $384.62 million for the quarter, compared to the consensus estimate of $372.03 million. OSI Systems had a net margin of 8.73% and a return on equity of 18.69%. OSI Systems’s revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.25 earnings per share. OSI Systems has set its FY 2026 guidance at 10.200-10.480 EPS. As a group, sell-side analysts expect that OSI Systems will post 9.22 EPS for the current year.

Insider Buying and Selling at OSI Systems

In other news, insider Paul Keith Morben sold 1,671 shares of OSI Systems stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $236.76, for a total transaction of $395,625.96. Following the sale, the insider directly owned 8,749 shares of the company’s stock, valued at approximately $2,071,413.24. The trade was a 16.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Deepak Chopra sold 20,000 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $245.80, for a total value of $4,916,000.00. Following the completion of the transaction, the chairman owned 312,969 shares in the company, valued at approximately $76,927,780.20. This trade represents a 6.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 4.30% of the company’s stock.

Institutional Investors Weigh In On OSI Systems

Several hedge funds and other institutional investors have recently bought and sold shares of the business. TradeLink Capital LLC acquired a new position in shares of OSI Systems in the 1st quarter worth approximately $445,000. Informed Momentum Co LLC acquired a new stake in shares of OSI Systems during the 1st quarter valued at approximately $4,752,000. Primecap Management Co. CA lifted its stake in OSI Systems by 12.3% during the first quarter. Primecap Management Co. CA now owns 334,330 shares of the technology company’s stock worth $64,974,000 after purchasing an additional 36,620 shares during the last quarter. LPL Financial LLC boosted its holdings in OSI Systems by 79.4% in the first quarter. LPL Financial LLC now owns 15,479 shares of the technology company’s stock worth $3,008,000 after purchasing an additional 6,853 shares during the period. Finally, American Century Companies Inc. boosted its holdings in OSI Systems by 60.8% in the first quarter. American Century Companies Inc. now owns 18,035 shares of the technology company’s stock worth $3,505,000 after purchasing an additional 6,819 shares during the period. 89.21% of the stock is currently owned by hedge funds and other 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.