OSI Systems (NASDAQ:OSIS) Price Target Raised to $160.00 at Oppenheimer

OSI Systems (NASDAQ:OSIS) had its price target raised by Oppenheimer from $157.00 to $160.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has an outperform rating on the technology company’s stock.

Other equities analysts also recently issued research reports about the company. StockNews.com downgraded OSI Systems from a buy rating to a hold rating in a report on Saturday. Roth Mkm upped their target price on OSI Systems from $169.00 to $172.00 and gave the company a buy rating in a report on Friday.

OSI Systems Price Performance

Shares of OSIS opened at $136.13 on Monday. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of 18.72, a P/E/G ratio of 1.52 and a beta of 0.98. OSI Systems has a fifty-two week low of $103.04 and a fifty-two week high of $144.11. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.47 and a quick ratio of 0.89. The business’s 50-day moving average is $135.71 and its 200-day moving average is $127.61.

OSI Systems (NASDAQ:OSIS) last issued its earnings results on Thursday, April 25th. The technology company reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.11 by $0.05. The company had revenue of $405.41 million for the quarter, compared to the consensus estimate of $401.99 million. OSI Systems had a return on equity of 18.10% and a net margin of 8.56%. The firm’s quarterly revenue was up 33.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.49 EPS. Equities research analysts expect that OSI Systems will post 8.08 EPS for the current fiscal year.

Insider Activity at OSI Systems

In related news, CEO Deepak Chopra sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $129.11, for a total value of $2,582,200.00. Following the completion of the sale, the chief executive officer now owns 468,615 shares of the company’s stock, valued at approximately $60,502,882.65. The sale was disclosed in a document filed with the SEC, which is available at this link. In other OSI Systems news, CEO Deepak Chopra sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $129.11, for a total transaction of $2,582,200.00. Following the completion of the sale, the chief executive officer now owns 468,615 shares of the company’s stock, valued at $60,502,882.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Victor S. Sze sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $130.21, for a total value of $1,953,150.00. Following the sale, the general counsel now directly owns 63,116 shares of the company’s stock, valued at approximately $8,218,334.36. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On OSI Systems

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in OSI Systems by 5.4% during the fourth quarter. Vanguard Group Inc. now owns 2,097,875 shares of the technology company’s stock worth $270,731,000 after purchasing an additional 107,383 shares during the period. Dimensional Fund Advisors LP boosted its position in OSI Systems by 2.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 819,671 shares of the technology company’s stock worth $105,780,000 after purchasing an additional 18,298 shares during the period. Neumeier Poma Investment Counsel LLC boosted its position in OSI Systems by 1.7% during the third quarter. Neumeier Poma Investment Counsel LLC now owns 369,200 shares of the technology company’s stock worth $43,580,000 after purchasing an additional 6,265 shares during the period. Primecap Management Co. CA boosted its position in OSI Systems by 2.2% during the fourth quarter. Primecap Management Co. CA now owns 285,200 shares of the technology company’s stock worth $36,805,000 after purchasing an additional 6,210 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of OSI Systems by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 211,571 shares of the technology company’s stock valued at $27,303,000 after acquiring an additional 1,722 shares during the period. Institutional investors own 89.21% of the company’s stock.

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.