OSI Systems (NASDAQ:OSIS) Now Covered by Analysts at JPMorgan Chase & Co.

Investment analysts at JPMorgan Chase & Co. assumed coverage on shares of OSI Systems (NASDAQ:OSIS) in a note issued to investors on Friday, Marketbeat Ratings reports. The brokerage set a “neutral” rating and a $225.00 price target on the technology company’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 11.24% from the stock’s previous close.

Other analysts have also issued reports about the stock. Roth Mkm upped their target price on shares of OSI Systems from $178.00 to $224.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Oppenheimer increased their price target on shares of OSI Systems from $205.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. StockNews.com lowered shares of OSI Systems from a “hold” rating to a “sell” rating in a research note on Monday, February 17th. B. Riley increased their price target on shares of OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Finally, Wells Fargo & Company increased their price target on shares of OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $212.00.

OSI Systems Stock Down 5.6 %

OSIS stock opened at $202.27 on Friday. The company’s 50 day moving average price is $184.27 and its 200 day moving average price is $162.26. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 1.88. OSI Systems has a fifty-two week low of $126.57 and a fifty-two week high of $220.00. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 1.81 and a beta of 1.19.

OSI Systems (NASDAQ:OSIS) last released its earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.08. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. On average, equities research analysts anticipate that OSI Systems will post 9.22 EPS for the current fiscal year.

Insider Activity

In other news, insider Paul Keith Morben sold 155 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $199.36, for a total value of $30,900.80. Following the completion of the sale, the insider now directly owns 10,077 shares of the company’s stock, valued at approximately $2,008,950.72. This represents a 1.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Deepak Chopra sold 20,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $187.66, for a total value of $3,753,200.00. Following the completion of the sale, the chief executive officer now directly owns 404,323 shares of the company’s stock, valued at $75,875,254.18. The trade was a 4.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,447 shares of company stock valued at $5,519,962. 5.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On OSI Systems

Hedge funds have recently modified their holdings of the stock. State Street Corp lifted its holdings in shares of OSI Systems by 0.9% during the third quarter. State Street Corp now owns 727,690 shares of the technology company’s stock worth $110,485,000 after purchasing an additional 6,514 shares during the period. Park Avenue Securities LLC lifted its holdings in shares of OSI Systems by 36.0% during the fourth quarter. Park Avenue Securities LLC now owns 6,275 shares of the technology company’s stock worth $1,051,000 after purchasing an additional 1,660 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of OSI Systems by 25.8% during the third quarter. Victory Capital Management Inc. now owns 123,213 shares of the technology company’s stock worth $18,707,000 after purchasing an additional 25,262 shares during the period. HighTower Advisors LLC acquired a new stake in shares of OSI Systems during the third quarter worth $443,000. Finally, Citigroup Inc. lifted its holdings in shares of OSI Systems by 64.9% during the third quarter. Citigroup Inc. now owns 27,320 shares of the technology company’s stock worth $4,148,000 after purchasing an additional 10,753 shares during the period. 89.21% of the stock is owned by institutional investors and hedge funds.

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.