OSI Systems (NASDAQ:OSIS) Given New $224.00 Price Target at Roth Mkm

OSI Systems (NASDAQ:OSIS) had its price objective upped by investment analysts at Roth Mkm from $178.00 to $224.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Roth Mkm’s target price indicates a potential upside of 13.09% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on OSIS. Bank of America started coverage on shares of OSI Systems in a research note on Monday, September 30th. They set a “buy” rating and a $175.00 price objective on the stock. StockNews.com raised OSI Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, December 10th. Wells Fargo & Company lifted their price target on OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Oppenheimer lifted their price target on OSI Systems from $205.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, B. Riley lifted their price target on OSI Systems from $180.00 to $221.00 and gave the stock a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $209.40.

OSI Systems Stock Performance

OSIS stock traded up $5.02 during mid-day trading on Friday, reaching $198.07. The company had a trading volume of 79,359 shares, compared to its average volume of 207,573. The company has a quick ratio of 1.20, a current ratio of 1.84 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $3.31 billion, a P/E ratio of 25.86, a P/E/G ratio of 1.44 and a beta of 1.19. OSI Systems has a one year low of $126.57 and a one year high of $198.00. The stock’s 50-day simple moving average is $170.17 and its two-hundred day simple moving average is $153.24.

OSI Systems (NASDAQ:OSIS) last posted its earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.08. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. Research analysts anticipate that OSI Systems will post 9.13 EPS for the current year.

Insider Activity

In related news, CFO Alan I. Edrick sold 2,354 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $188.42, for a total value of $443,540.68. Following the completion of the sale, the chief financial officer now directly owns 312,444 shares in the company, valued at approximately $58,870,698.48. The trade was a 0.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Deepak Chopra sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $153.42, for a total value of $2,301,300.00. Following the completion of the sale, the chief executive officer now owns 424,323 shares of the company’s stock, valued at approximately $65,099,634.66. This trade represents a 3.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,591 shares of company stock worth $7,557,745 in the last three months. 5.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in OSIS. FMR LLC increased its position in OSI Systems by 4,891.4% in the 3rd quarter. FMR LLC now owns 644,396 shares of the technology company’s stock worth $97,839,000 after buying an additional 631,486 shares during the period. World Investment Advisors LLC bought a new stake in shares of OSI Systems during the third quarter valued at approximately $16,713,000. Swedbank AB bought a new stake in shares of OSI Systems during the fourth quarter valued at approximately $8,372,000. Edgestream Partners L.P. bought a new stake in shares of OSI Systems during the third quarter valued at approximately $5,061,000. Finally, Envestnet Asset Management Inc. grew its position in OSI Systems by 174.6% in the second quarter. Envestnet Asset Management Inc. now owns 50,373 shares of the technology company’s stock valued at $6,927,000 after acquiring an additional 32,029 shares during the period. 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.