Oppenheimer Issues Positive Forecast for OSI Systems (NASDAQ:OSIS) Stock Price

OSI Systems (NASDAQ:OSIS) had its target price hoisted by Oppenheimer from $205.00 to $225.00 in a report published on Friday morning,Benzinga reports. The brokerage currently has an outperform rating on the technology company’s stock.

Other research analysts have also recently issued research reports about the stock. Bank of America began coverage on shares of OSI Systems in a research note on Monday, September 30th. They set a “buy” rating and a $175.00 price target on the stock. StockNews.com upgraded OSI Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, December 10th. B. Riley upped their price target on OSI Systems from $180.00 to $221.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Wells Fargo & Company lifted their price objective on OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, OSI Systems has a consensus rating of “Moderate Buy” and a consensus price target of $209.40.

OSI Systems Stock Up 3.5 %

OSI Systems stock opened at $199.87 on Friday. OSI Systems has a one year low of $126.57 and a one year high of $200.14. The stock has a fifty day moving average of $170.99 and a 200 day moving average of $153.52. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.20 and a current ratio of 1.84. The stock has a market cap of $3.34 billion, a PE ratio of 26.09, a price-to-earnings-growth ratio of 1.44 and a beta of 1.19.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 EPS for the quarter, beating the consensus estimate of $2.34 by $0.08. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. As a group, sell-side analysts predict that OSI Systems will post 9.13 EPS for the current year.

Insider Activity

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

Institutional Investors Weigh In On OSI Systems

Large investors have recently made changes to their positions in the company. Richardson Financial Services Inc. grew its holdings in OSI Systems by 65.6% during the 4th quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock valued at $26,000 after buying an additional 61 shares in the last quarter. Orion Portfolio Solutions LLC grew its holdings in shares of OSI Systems by 3.3% in the third quarter. Orion Portfolio Solutions LLC now owns 3,301 shares of the technology company’s stock valued at $501,000 after purchasing an additional 106 shares in the last quarter. US Bancorp DE grew its holdings in shares of OSI Systems by 4.8% in the third quarter. US Bancorp DE now owns 2,418 shares of the technology company’s stock valued at $367,000 after purchasing an additional 111 shares in the last quarter. KBC Group NV increased its position in OSI Systems by 37.1% in the fourth quarter. KBC Group NV now owns 699 shares of the technology company’s stock worth $117,000 after purchasing an additional 189 shares during the last quarter. Finally, Inspire Investing LLC raised its stake in OSI Systems by 7.9% during the third quarter. Inspire Investing LLC now owns 2,741 shares of the technology company’s stock valued at $416,000 after purchasing an additional 200 shares in the last quarter. 89.21% of the stock is owned by institutional investors.

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.