JPMorgan Chase & Co. Raises OSI Systems (NASDAQ:OSIS) Price Target to $262.00

OSI Systems (NASDAQ:OSIS) had its target price raised by equities researchers at JPMorgan Chase & Co. from $255.00 to $262.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 2.35% from the stock’s current price.

A number of other analysts also recently issued reports on OSIS. Bank of America lifted their price objective on OSI Systems from $265.00 to $315.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. UBS Group set a $292.00 target price on shares of OSI Systems in a report on Monday, December 1st. B. Riley upped their price target on shares of OSI Systems from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of OSI Systems in a research report on Thursday, January 22nd. Finally, Roth Mkm lifted their price objective on shares of OSI Systems from $292.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, OSI Systems presently has an average rating of “Moderate Buy” and a consensus price target of $282.00.

OSI Systems Stock Performance

OSIS opened at $255.99 on Monday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.31 and a current ratio of 3.15. The stock has a market capitalization of $4.22 billion, a price-to-earnings ratio of 28.99, a PEG ratio of 2.09 and a beta of 1.35. The company has a fifty day moving average of $270.50 and a 200 day moving average of $252.15. OSI Systems has a fifty-two week low of $153.40 and a fifty-two week high of $294.93.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings data on Thursday, January 29th. The technology company reported $2.58 EPS for the quarter, beating the consensus estimate of $2.52 by $0.06. OSI Systems had a net margin of 8.52% and a return on equity of 18.58%. The business had revenue of $464.06 million during the quarter, compared to the consensus estimate of $449.51 million. During the same quarter in the prior year, the firm earned $2.42 EPS. The business’s revenue was up 10.5% on a year-over-year basis. As a group, sell-side analysts forecast that OSI Systems will post 9.22 earnings per share for the current fiscal 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 $83,712,962.06. This represents a 6.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Paul Keith Morben sold 416 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $279.10, for a total value of $116,105.60. Following the transaction, the insider owned 8,540 shares of the company’s stock, valued at $2,383,514. This trade represents a 4.64% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 21,916 shares of company stock worth $6,255,631. Insiders own 4.30% of the company’s stock.

Hedge Funds Weigh In On OSI Systems

A number of large investors have recently bought and sold shares of the business. Royal Bank of Canada increased its stake in OSI Systems by 519.8% in the first quarter. Royal Bank of Canada now owns 10,257 shares of the technology company’s stock worth $1,993,000 after purchasing an additional 8,602 shares during the period. AQR Capital Management LLC grew its holdings in shares of OSI Systems by 64.2% in the first quarter. AQR Capital Management LLC now owns 11,656 shares of the technology company’s stock worth $2,265,000 after purchasing an additional 4,558 shares during the last quarter. Strs Ohio purchased a new position in OSI Systems in the 1st quarter worth about $97,000. 111 Capital purchased a new position in OSI Systems in the 2nd quarter worth about $266,000. Finally, Blair William & Co. IL bought a new stake in OSI Systems during the 2nd quarter valued at about $651,000. Hedge funds and other institutional investors own 89.21% of the company’s stock.

About OSI Systems

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.