OSI Systems (NASDAQ:OSIS) PT Raised to $172.00

OSI Systems (NASDAQ:OSIS) had its target price raised by Roth Mkm from $169.00 to $172.00 in a report issued on Friday morning, Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

Separately, StockNews.com raised shares of OSI Systems from a hold rating to a buy rating in a research report on Friday, April 19th.

OSI Systems Price Performance

OSIS stock opened at $134.82 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.80 and a current ratio of 1.47. OSI Systems has a 52 week low of $102.02 and a 52 week high of $144.11. The firm’s fifty day moving average is $135.68 and its 200 day moving average is $127.40. The firm has a market cap of $2.30 billion, a P/E ratio of 18.54, a P/E/G ratio of 1.51 and a beta of 0.98.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings results on Thursday, April 25th. The technology company reported $2.16 earnings per share for the quarter, beating the consensus estimate of $2.11 by $0.05. The business had revenue of $405.41 million during the quarter, compared to analysts’ expectations of $401.99 million. OSI Systems had a net margin of 8.56% and a return on equity of 18.10%. The firm’s revenue for the quarter was up 33.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.49 EPS. Research analysts predict that OSI Systems will post 8.07 earnings per share for the current year.

Insider Transactions at OSI Systems

In other news, General Counsel Victor S. Sze sold 15,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $130.21, for a total value of $1,953,150.00. Following the completion of the sale, the general counsel now directly owns 63,116 shares of the company’s stock, valued at approximately $8,218,334.36. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, General Counsel Victor S. Sze sold 15,000 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $130.21, for a total value of $1,953,150.00. Following the completion of the transaction, the general counsel now directly owns 63,116 shares in the company, valued at approximately $8,218,334.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Deepak Chopra sold 20,000 shares of the stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $129.11, for a total transaction of $2,582,200.00. Following the completion of the transaction, the chief executive officer now owns 468,615 shares of the company’s stock, valued at $60,502,882.65. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,000 shares of company stock valued at $6,503,650. Company insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of OSIS. Assenagon Asset Management S.A. increased its stake in OSI Systems by 27.7% during the 1st quarter. Assenagon Asset Management S.A. now owns 78,635 shares of the technology company’s stock valued at $11,231,000 after purchasing an additional 17,063 shares in the last quarter. Global Retirement Partners LLC increased its stake in OSI Systems by 1,021.1% during the 1st quarter. Global Retirement Partners LLC now owns 213 shares of the technology company’s stock valued at $30,000 after purchasing an additional 194 shares in the last quarter. Wesbanco Bank Inc. bought a new stake in OSI Systems during the 1st quarter valued at about $1,918,000. Allspring Global Investments Holdings LLC increased its stake in OSI Systems by 1,193.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 29,052 shares of the technology company’s stock valued at $4,149,000 after purchasing an additional 26,806 shares in the last quarter. Finally, Oliver Luxxe Assets LLC increased its stake in OSI Systems by 20.7% during the 1st quarter. Oliver Luxxe Assets LLC now owns 11,681 shares of the technology company’s stock valued at $1,668,000 after purchasing an additional 2,002 shares in the last quarter. 89.21% of the stock is currently owned by institutional investors.

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.