OSI Systems (NASDAQ:OSIS) Price Target Raised to $255.00

OSI Systems (NASDAQ:OSIS) had its price objective upped by JPMorgan Chase & Co. from $242.00 to $255.00 in a report published on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the technology company’s stock.

OSIS has been the topic of several other reports. Oppenheimer boosted their price objective on shares of OSI Systems from $270.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, October 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of OSI Systems in a research report on Wednesday, October 8th. Roth Capital reiterated a “buy” rating and issued a $280.00 price objective on shares of OSI Systems in a research report on Wednesday, October 29th. Bank of America boosted their price objective on shares of OSI Systems from $250.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, September 26th. Finally, B. Riley boosted their price objective on shares of OSI Systems from $255.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, August 22nd. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, OSI Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $263.57.

OSI Systems Stock Performance

NASDAQ:OSIS opened at $281.63 on Monday. The company has a quick ratio of 1.46, a current ratio of 2.04 and a debt-to-equity ratio of 0.49. OSI Systems has a fifty-two week low of $142.66 and a fifty-two week high of $283.23. The stock has a market cap of $4.78 billion, a PE ratio of 32.37, a price-to-earnings-growth ratio of 2.13 and a beta of 1.33. The firm’s fifty day simple moving average is $244.70 and its 200-day simple moving average is $229.90.

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. OSI Systems had a net margin of 8.73% and a return on equity of 18.69%. The business had revenue of $384.62 million for the quarter, compared to analysts’ expectations of $372.03 million. During the same period in the prior year, the company posted $1.25 EPS. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. OSI Systems has set its FY 2026 guidance at 10.200-10.480 EPS. Analysts expect that OSI Systems will post 9.22 earnings per share for the current fiscal year.

Insider Transactions at OSI Systems

In other OSI Systems news, insider Paul Keith Morben sold 1,671 shares of the company’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $236.76, for a total value of $395,625.96. Following the transaction, the insider directly owned 8,749 shares in the company, valued at approximately $2,071,413.24. This represents a 16.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Deepak Chopra sold 20,000 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $245.80, for a total transaction 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. 4.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bessemer Group Inc. increased its stake in shares of OSI Systems by 467.2% during the 3rd quarter. Bessemer Group Inc. now owns 760 shares of the technology company’s stock valued at $188,000 after acquiring an additional 626 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of OSI Systems by 5.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 94,574 shares of the technology company’s stock valued at $23,572,000 after acquiring an additional 5,240 shares during the last quarter. Ashton Thomas Private Wealth LLC increased its stake in shares of OSI Systems by 22.0% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 1,784 shares of the technology company’s stock valued at $445,000 after acquiring an additional 322 shares during the last quarter. Mawer Investment Management Ltd. increased its stake in shares of OSI Systems by 67.0% during the 3rd quarter. Mawer Investment Management Ltd. now owns 856,383 shares of the technology company’s stock valued at $213,445,000 after acquiring an additional 343,727 shares during the last quarter. Finally, AlphaQuest LLC acquired a new position in shares of OSI Systems during the 3rd quarter valued at about $505,000. 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.