OSI Systems, Inc. (NASDAQ:OSIS) Given Average Recommendation of “Buy” by Brokerages

OSI Systems, Inc. (NASDAQ:OSIS) has been given a consensus rating of “Buy” by the five brokerages that are currently covering the company, MarketBeat reports. Five analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have covered the stock in the last year is $179.00.

OSIS has been the topic of a number of research analyst reports. StockNews.com upgraded shares of OSI Systems from a “sell” rating to a “hold” rating in a research report on Tuesday. B. Riley boosted their price objective on OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Roth Mkm increased their target price on OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Bank of America assumed coverage on OSI Systems in a report on Monday, September 30th. They set a “buy” rating and a $175.00 price target on the stock. Finally, Wells Fargo & Company raised their price objective on shares of OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a report on Wednesday.

Insider Activity

In other news, insider Manoocher M. Aliabadi sold 1,728 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 80,603 shares of the company’s stock, valued at approximately $14,539,975.17. This represents a 2.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Alan I. Edrick sold 2,354 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $188.42, for a total transaction of $443,540.68. Following the sale, the chief financial officer now owns 312,444 shares of the company’s stock, valued at approximately $58,870,698.48. This trade represents a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 63,591 shares of company stock valued at $10,456,145. Company insiders own 5.20% of the company’s stock.

Institutional Trading of OSI Systems

A number of institutional investors have recently bought and sold shares of OSIS. Quest Partners LLC acquired a new position in shares of OSI Systems in the 2nd quarter valued at about $40,000. Innealta Capital LLC acquired a new position in OSI Systems in the second quarter valued at approximately $82,000. International Assets Investment Management LLC boosted its holdings in shares of OSI Systems by 15,075.0% during the 3rd quarter. International Assets Investment Management LLC now owns 607 shares of the technology company’s stock worth $92,000 after buying an additional 603 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of OSI Systems during the 2nd quarter worth approximately $160,000. Finally, nVerses Capital LLC bought a new stake in shares of OSI Systems in the 3rd quarter valued at $182,000. Institutional investors own 89.21% of the company’s stock.

OSI Systems Trading Down 3.2 %

Shares of OSIS opened at $181.79 on Friday. 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 52-week low of $120.42 and a 52-week high of $189.13. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 1.59 and a beta of 1.18. The business’s fifty day moving average is $155.39 and its 200-day moving average is $146.89.

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

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.