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

OSI Systems (NASDAQ:OSIS) had its price objective increased by Roth Mkm from $178.00 to $224.00 in a research note released on Friday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

Several other analysts have also issued reports on the stock. StockNews.com upgraded shares of OSI Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, December 10th. B. Riley raised their target price on OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a report on Friday. Bank of America started coverage on OSI Systems in a research report on Monday, September 30th. They issued a “buy” rating and a $175.00 target price on the stock. Oppenheimer increased their target price on shares of OSI Systems from $205.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Wells Fargo & Company lifted their price target on shares of OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, OSI Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $209.40.

OSI Systems Price Performance

Shares of NASDAQ OSIS opened at $199.87 on Friday. The business has a fifty day moving average price of $170.99 and a two-hundred day moving average price of $153.52. The stock has a market capitalization of $3.34 billion, a PE ratio of 26.09, a P/E/G ratio of 1.44 and a beta of 1.19. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.84 and a quick ratio of 1.20. OSI Systems has a fifty-two week low of $126.57 and a fifty-two week high of $200.14.

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

Insider Transactions at OSI Systems

In related news, Director Gerald M. Chizever sold 2,000 shares of OSI Systems stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $148.16, for a total value of $296,320.00. Following 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Manoocher M. Aliabadi sold 2,509 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $180.02, for a total transaction of $451,670.18. Following the sale, the insider now directly owns 78,094 shares of the company’s stock, valued at $14,058,481.88. This represents a 3.11 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 43,591 shares of company stock worth $7,557,745. Company insiders own 5.20% of the company’s stock.

Hedge Funds Weigh In On OSI Systems

Several hedge funds and other institutional investors have recently bought and sold shares of OSIS. Richardson Financial Services Inc. lifted its stake in OSI Systems by 65.6% in the fourth 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 during the period. International Assets Investment Management LLC increased its position in shares of OSI Systems by 15,075.0% during the third quarter. International Assets Investment Management LLC now owns 607 shares of the technology company’s stock worth $92,000 after acquiring an additional 603 shares in the last quarter. KBC Group NV lifted its holdings in shares of OSI Systems by 37.1% in the fourth quarter. KBC Group NV now owns 699 shares of the technology company’s stock valued at $117,000 after purchasing an additional 189 shares in the last quarter. nVerses Capital LLC bought a new position in OSI Systems during the 3rd quarter valued at $182,000. Finally, Hohimer Wealth Management LLC bought a new position in OSI Systems during the 3rd quarter valued at $264,000. Institutional investors and hedge funds 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.