OSI Systems (NASDAQ:OSIS) Receives New Coverage from Analysts at Wells Fargo & Company

Wells Fargo & Company started coverage on shares of OSI Systems (NASDAQ:OSIS) in a research report released on Wednesday, MarketBeat reports. The firm issued an overweight rating and a $170.00 price objective on the technology company’s stock.

OSIS has been the subject of several other research reports. B. Riley upped their target price on shares of OSI Systems from $165.00 to $180.00 and gave the company a buy rating in a research note on Friday, August 23rd. Roth Mkm increased their price objective on shares of OSI Systems from $172.00 to $178.00 and gave the stock a buy rating in a research report on Friday, August 23rd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $172.00.

OSI Systems Trading Down 1.1 %

Shares of NASDAQ OSIS opened at $145.52 on Wednesday. The company’s 50 day simple moving average is $144.50 and its 200 day simple moving average is $139.88. OSI Systems has a fifty-two week low of $103.04 and a fifty-two week high of $158.69. The firm has a market capitalization of $2.48 billion, a P/E ratio of 20.02, a P/E/G ratio of 1.48 and a beta of 1.08. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.49 and a quick ratio of 1.00.

OSI Systems (NASDAQ:OSIS) last issued its earnings results on Thursday, August 22nd. The technology company reported $2.84 EPS for the quarter, beating the consensus estimate of $2.79 by $0.05. OSI Systems had a net margin of 8.33% and a return on equity of 17.80%. The firm had revenue of $480.91 million during the quarter, compared to the consensus estimate of $467.24 million. During the same quarter in the prior year, the firm earned $2.66 earnings per share. The business’s quarterly revenue was up 16.8% on a year-over-year basis. On average, analysts predict that OSI Systems will post 8.93 EPS for the current year.

Insider Buying and Selling at OSI Systems

In other news, CEO Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $144.92, for a total transaction of $2,898,400.00. Following the completion of the sale, the chief executive officer now owns 459,033 shares in the company, valued at approximately $66,523,062.36. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other OSI Systems news, CEO Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $144.92, for a total value of $2,898,400.00. Following the transaction, the chief executive officer now directly owns 459,033 shares of the company’s stock, valued at approximately $66,523,062.36. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Paul Keith Morben sold 1,107 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $145.04, for a total transaction of $160,559.28. Following the completion of the transaction, the insider now directly owns 10,077 shares in the company, valued at $1,461,568.08. The disclosure for this sale can be found here. Insiders sold a total of 24,107 shares of company stock worth $3,474,189 over the last quarter. 5.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On OSI Systems

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Truist Financial Corp bought a new stake in shares of OSI Systems during the 2nd quarter valued at approximately $601,000. The Manufacturers Life Insurance Company grew its holdings in OSI Systems by 4.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,164 shares of the technology company’s stock worth $1,260,000 after acquiring an additional 376 shares during the last quarter. Magnetar Financial LLC bought a new stake in OSI Systems during the 2nd quarter worth approximately $277,000. Public Sector Pension Investment Board grew its holdings in OSI Systems by 7.3% during the 2nd quarter. Public Sector Pension Investment Board now owns 34,505 shares of the technology company’s stock worth $4,745,000 after acquiring an additional 2,356 shares during the last quarter. Finally, Hood River Capital Management LLC grew its holdings in OSI Systems by 10.6% during the 2nd quarter. Hood River Capital Management LLC now owns 316,788 shares of the technology company’s stock worth $43,565,000 after acquiring an additional 30,464 shares during the last quarter. 89.21% of the stock is 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.