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

OSI Systems (NASDAQ:OSIS) had its price target raised by equities researchers at Roth Mkm from $169.00 to $172.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Roth Mkm’s price target points to a potential upside of 27.58% from the stock’s previous close.

Separately, StockNews.com upgraded OSI Systems from a “hold” rating to a “buy” rating in a report on Friday, April 19th.

OSI Systems Stock Performance

Shares of OSI Systems stock opened at $134.82 on Friday. The stock’s fifty day moving average is $135.68 and its two-hundred day moving average is $127.44. The company has a market capitalization of $2.30 billion, a PE ratio of 18.54, a price-to-earnings-growth ratio of 1.51 and a beta of 0.98. The company has a quick ratio of 0.80, a current ratio of 1.47 and a debt-to-equity ratio of 0.16. OSI Systems has a 52 week low of $102.02 and a 52 week high of $144.11.

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

Insiders Place Their Bets

In other OSI Systems news, General Counsel Victor S. Sze sold 15,000 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $131.22, for a total value of $1,968,300.00. Following the completion of the sale, the general counsel now directly owns 78,116 shares in the company, valued at approximately $10,250,381.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other OSI Systems news, General Counsel Victor S. Sze sold 15,000 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $131.22, for a total value of $1,968,300.00. Following the completion of the sale, the general counsel now directly owns 78,116 shares in the company, valued at approximately $10,250,381.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Deepak Chopra sold 20,000 shares of the company’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $129.11, for a total value of $2,582,200.00. Following the completion of the sale, 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 worth $6,503,650. 5.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On OSI Systems

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of OSI Systems by 5.4% during the 4th quarter. Vanguard Group Inc. now owns 2,097,875 shares of the technology company’s stock worth $270,731,000 after purchasing an additional 107,383 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of OSI Systems by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 819,671 shares of the technology company’s stock worth $105,780,000 after purchasing an additional 18,298 shares during the last quarter. Neumeier Poma Investment Counsel LLC lifted its stake in shares of OSI Systems by 1.7% during the 3rd quarter. Neumeier Poma Investment Counsel LLC now owns 369,200 shares of the technology company’s stock worth $43,580,000 after purchasing an additional 6,265 shares during the last quarter. Primecap Management Co. CA lifted its stake in shares of OSI Systems by 2.2% during the 4th quarter. Primecap Management Co. CA now owns 285,200 shares of the technology company’s stock worth $36,805,000 after purchasing an additional 6,210 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of OSI Systems by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 211,571 shares of the technology company’s stock worth $27,303,000 after purchasing an additional 1,722 shares during the last quarter. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

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.