OSI Systems (NASDAQ:OSIS) Price Target Raised to $172.00 at Wells Fargo & Company

by · The Cerbat Gem

OSI Systems (NASDAQ:OSIS – Get Free Report) had its price target increased by analysts at Wells Fargo & Company from $170.00 to $172.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 29.56% from the stock’s current price.

Several other research firms have also issued reports on OSIS. Bank of America started coverage on OSI Systems in a report on Monday, September 30th. They set a “buy” rating and a $175.00 price target for the company. B. Riley raised their target price on shares of OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Finally, Roth Mkm increased their price objective on shares of OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a report on Friday, August 23rd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $173.00.

Get Our Latest Report on OSIS

OSI Systems Stock Up 1.0 %

OSIS traded up $1.35 during trading on Tuesday, hitting $132.76. 48,234 shares of the company’s stock traded hands, compared to its average volume of 119,540. The company’s 50 day simple moving average is $144.94 and its two-hundred day simple moving average is $141.42. The company has a current ratio of 1.84, a quick ratio of 1.20 and a debt-to-equity ratio of 0.60. OSI Systems has a 12-month low of $103.04 and a 12-month high of $158.69. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 17.33, a PEG ratio of 1.25 and a beta of 1.08.

OSI Systems (NASDAQ:OSIS – Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The technology company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.19. The firm had revenue of $344.01 million for the quarter, compared to the consensus estimate of $318.66 million. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. The company’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same period last year, the business posted $0.91 EPS. Analysts predict that OSI Systems will post 9.09 earnings per share for the current fiscal year.

Insider Activity at OSI Systems

In related news, insider Paul Keith Morben sold 1,107 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $145.04, for a total value of $160,559.28. Following the completion of the transaction, the insider now directly owns 10,077 shares of the company’s stock, valued at approximately $1,461,568.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction on Monday, September 16th. The stock was sold at an average price of $144.92, for a total transaction of $2,898,400.00. Following the completion of the sale, the chief executive officer now directly owns 459,033 shares in the company, valued at approximately $66,523,062.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul Keith Morben sold 1,107 shares of OSI Systems stock in a transaction on Friday, September 13th. The stock was sold at an average price of $145.04, for a total value of $160,559.28. Following the sale, the insider now owns 10,077 shares of the company’s stock, valued at approximately $1,461,568.08. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,107 shares of company stock valued at $3,474,189. 5.60% of the stock is owned by corporate insiders.

Institutional Trading of OSI Systems

Several institutional investors and hedge funds have recently made changes to their positions in OSIS. Quest Partners LLC bought a new stake in shares of OSI Systems in the second quarter valued at about $40,000. Cape Investment Advisory Inc. purchased a new stake in shares of OSI Systems during the first quarter worth about $63,000. Covestor Ltd boosted its position in OSI Systems by 48,000.0% in the first quarter. Covestor Ltd now owns 481 shares of the technology company’s stock valued at $69,000 after buying an additional 480 shares during the last quarter. Innealta Capital LLC acquired a new position in OSI Systems in the second quarter valued at approximately $82,000. Finally, International Assets Investment Management LLC lifted its holdings in OSI Systems by 15,075.0% in the third quarter. International Assets Investment Management LLC now owns 607 shares of the technology company’s stock valued at $92,000 after acquiring an additional 603 shares during the period. 89.21% of the stock is currently owned by institutional investors.

About OSI Systems

(Get Free Report)

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.

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