OSI Systems (NASDAQ:OSIS) Given New $224.00 Price Target at Roth Mkm

OSI Systems (NASDAQ:OSIS) had its target price boosted by stock analysts at Roth Mkm from $178.00 to $224.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Roth Mkm’s target price points to a potential upside of 13.09% from the stock’s current price.

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

OSI Systems Trading Up 2.6 %

Shares of OSI Systems stock traded up $5.02 during trading hours on Friday, hitting $198.07. The company’s stock had a trading volume of 79,359 shares, compared to its average volume of 207,573. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.84 and a quick ratio of 1.20. The company has a market capitalization of $3.31 billion, a PE ratio of 25.86, a price-to-earnings-growth ratio of 1.44 and a beta of 1.19. OSI Systems has a 12 month low of $126.57 and a 12 month high of $198.00. The stock has a 50 day moving average of $170.17 and a 200 day moving average of $153.24.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings data on Thursday, January 23rd. The technology company reported $2.42 earnings per share (EPS) for the quarter, topping 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%. Analysts predict that OSI Systems will post 9.13 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Manoocher M. Aliabadi sold 1,728 shares of OSI Systems stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $180.39, for a total transaction of $311,713.92. Following the completion of the sale, the insider now directly owns 80,603 shares of the company’s stock, valued at approximately $14,539,975.17. This trade represents a 2.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Deepak Chopra sold 15,000 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $153.42, for a total value of $2,301,300.00. Following the transaction, the chief executive officer now owns 424,323 shares in the company, valued at approximately $65,099,634.66. This trade represents a 3.41 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,591 shares of company stock valued at $7,557,745. Insiders own 5.20% of the company’s stock.

Hedge Funds Weigh In On OSI Systems

Hedge funds have recently added to or reduced their stakes in the stock. Richardson Financial Services Inc. increased its stake in shares of OSI Systems by 65.6% in the 4th quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock valued at $26,000 after purchasing an additional 61 shares during the last quarter. Orion Portfolio Solutions LLC increased its stake in shares of OSI Systems by 3.3% in the 3rd 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 during the last quarter. US Bancorp DE increased its stake in shares of OSI Systems by 4.8% in the 3rd 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 during the last quarter. KBC Group NV increased its stake in shares of OSI Systems by 37.1% in the 4th quarter. KBC Group NV now owns 699 shares of the technology company’s stock valued at $117,000 after purchasing an additional 189 shares during the last quarter. Finally, Inspire Investing LLC increased its stake in shares of OSI Systems by 7.9% in the 3rd 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 during the last quarter. Institutional investors 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.