B. Riley Forecasts Strong Price Appreciation for OSI Systems (NASDAQ:OSIS) Stock

OSI Systems (NASDAQ:OSISGet Free Report) had its price target hoisted by investment analysts at B. Riley from $300.00 to $320.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. B. Riley’s price target suggests a potential upside of 18.63% from the stock’s previous close.

A number of other analysts have also recently weighed in on the company. Bank of America increased their price objective on OSI Systems from $265.00 to $315.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of OSI Systems in a report on Thursday, January 22nd. Roth Mkm reissued a “buy” rating and issued a $295.00 price objective on shares of OSI Systems in a research note on Friday. Oppenheimer upped their price objective on shares of OSI Systems from $270.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, October 3rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of OSI Systems from $242.00 to $255.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, OSI Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $281.00.

Get Our Latest Stock Analysis on OSIS

OSI Systems Stock Down 0.6%

Shares of NASDAQ:OSIS opened at $269.74 on Friday. OSI Systems has a 1-year low of $153.40 and a 1-year high of $294.93. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.87 and a quick ratio of 1.29. The stock has a market cap of $4.58 billion, a P/E ratio of 30.55, a P/E/G ratio of 2.25 and a beta of 1.35. The firm has a fifty day moving average price of $270.81 and a 200 day moving average price of $250.72.

OSI Systems (NASDAQ:OSISGet Free Report) last announced its earnings results on Thursday, January 29th. The technology company reported $2.58 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.06. OSI Systems had a net margin of 8.68% and a return on equity of 18.25%. The business had revenue of $464.06 million during the quarter, compared to analysts’ expectations of $449.51 million. During the same period in the prior year, the company earned $2.42 earnings per share. The business’s revenue was up 10.5% compared to the same quarter last year. Sell-side analysts predict that OSI Systems will post 9.22 EPS for the current year.

Insider Activity at OSI Systems

In related news, Chairman Deepak Chopra sold 20,000 shares of the stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $285.74, for a total value of $5,714,800.00. Following the sale, the chairman directly owned 292,969 shares of the company’s stock, valued at approximately $83,712,962.06. This represents a 6.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James B. Hawkins sold 1,500 shares of OSI Systems stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $283.15, for a total transaction of $424,725.00. Following the transaction, the director owned 5,036 shares of the company’s stock, valued at approximately $1,425,943.40. The trade was a 22.95% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 21,916 shares of company stock valued at $6,255,631. Insiders own 4.30% of the company’s stock.

Institutional Investors Weigh In On OSI Systems

A number of large investors have recently bought and sold shares of the stock. Danske Bank A S acquired a new stake in OSI Systems in the 3rd quarter worth about $25,000. Bessemer Group Inc. lifted its holdings in shares of OSI Systems by 78.7% during the 2nd quarter. Bessemer Group Inc. now owns 134 shares of the technology company’s stock worth $30,000 after acquiring an additional 59 shares during the period. Private Trust Co. NA boosted its position in shares of OSI Systems by 179.5% in the fourth quarter. Private Trust Co. NA now owns 123 shares of the technology company’s stock worth $31,000 after acquiring an additional 79 shares during the last quarter. Salomon & Ludwin LLC purchased a new stake in OSI Systems in the third quarter valued at approximately $32,000. Finally, Richardson Financial Services Inc. increased its position in OSI Systems by 58.2% during the third quarter. Richardson Financial Services Inc. now owns 144 shares of the technology company’s stock worth $36,000 after purchasing an additional 53 shares during the last quarter. Institutional investors and hedge funds own 89.21% of the company’s stock.

OSI Systems News Roundup

Here are the key news stories impacting OSI Systems this week:

About OSI Systems

(Get Free Report)

OSI Systems, Inc (NASDAQ: OSIS) is a publicly traded technology company founded in 1987 and headquartered in Hawthorne, California. The company designs, develops and manufactures advanced security and inspection systems, optoelectronic devices and medical imaging equipment. Over its history, OSI Systems has grown its product offerings through internal research and development as well as strategic acquisitions, expanding its capabilities in mission-critical sensing and inspection technologies.

OSI Systems operates three primary business segments.

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