OSI Systems (NASDAQ:OSIS) Stock Price Expected to Rise, Oppenheimer Analyst Says

OSI Systems (NASDAQ:OSIS) had its price objective upped by analysts at Oppenheimer from $205.00 to $225.00 in a report issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the technology company’s stock. Oppenheimer’s price target indicates a potential upside of 14.04% from the company’s current price.

Other equities analysts have also recently issued reports about the company. Bank of America initiated 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. StockNews.com upgraded OSI Systems from a “sell” rating to a “hold” rating in a report on Tuesday, December 10th. Wells Fargo & Company boosted their target price on shares of OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Finally, B. Riley lifted their price target on shares of OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a report on Friday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, OSI Systems has a consensus rating of “Moderate Buy” and an average price target of $200.20.

OSI Systems Stock Performance

OSIS stock traded up $4.25 during mid-day trading on Friday, hitting $197.30. The company had a trading volume of 64,795 shares, compared to its average volume of 206,778. The firm has a market cap of $3.30 billion, a PE ratio of 25.76, a price-to-earnings-growth ratio of 1.44 and a beta of 1.19. The stock’s fifty day moving average price is $170.17 and its two-hundred day moving average price is $153.24. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.20 and a current ratio of 1.84. OSI Systems has a 12 month low of $126.57 and a 12 month high of $197.70.

OSI Systems (NASDAQ:OSIS) last posted its earnings results on Thursday, January 23rd. The technology company reported $2.42 EPS for the quarter, topping the consensus estimate of $2.34 by $0.08. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. On average, analysts forecast that OSI Systems will post 9.13 earnings per share for the current fiscal year.

Insider Activity at OSI Systems

In other OSI Systems news, CEO Deepak Chopra sold 15,000 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $153.42, for a total value of $2,301,300.00. Following the completion of the sale, the chief executive officer now directly owns 424,323 shares in the company, valued at approximately $65,099,634.66. This trade represents a 3.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gerald M. Chizever sold 2,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $148.16, for a total transaction of $296,320.00. Following the completion of the transaction, the director now directly owns 7,701 shares of the company’s stock, valued at $1,140,980.16. The trade was a 20.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,591 shares of company stock valued at $7,557,745 over the last ninety days. 5.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On OSI Systems

Several hedge funds have recently bought and sold shares of the stock. FMR LLC boosted its stake in shares of OSI Systems by 4,891.4% in the third 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 last quarter. World Investment Advisors LLC purchased a new position in OSI Systems during the third quarter worth about $16,713,000. Swedbank AB acquired a new stake in shares of OSI Systems during the 4th quarter worth approximately $8,372,000. Edgestream Partners L.P. acquired a new position in shares of OSI Systems in the 3rd quarter valued at $5,061,000. Finally, Envestnet Asset Management Inc. boosted its stake in OSI Systems by 174.6% during the second quarter. Envestnet Asset Management Inc. now owns 50,373 shares of the technology company’s stock worth $6,927,000 after buying an additional 32,029 shares during the period. Hedge funds and other institutional investors own 89.21% of the company’s stock.

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.