Brokerages Set OSI Systems, Inc. (OSIS) Target Price at $95.00

OSI Systems, Inc. (NASDAQ:OSIS) has received a consensus rating of “Hold” from the eight research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $95.00.

OSIS has been the topic of several research reports. BidaskClub raised OSI Systems from a “sell” rating to a “hold” rating in a research note on Saturday, December 22nd. Zacks Investment Research raised OSI Systems from a “hold” rating to a “buy” rating and set a $79.00 target price on the stock in a research note on Wednesday, December 26th. B. Riley increased their target price on OSI Systems to $98.00 and gave the stock a “buy” rating in a research note on Friday, January 25th. Roth Capital increased their target price on OSI Systems from $89.00 to $97.00 and gave the stock a “buy” rating in a research note on Friday, January 25th. Finally, TheStreet raised OSI Systems from a “c” rating to a “b” rating in a research note on Friday, January 25th.

Shares of OSI Systems stock traded down $0.35 during trading hours on Thursday, hitting $86.50. The company’s stock had a trading volume of 96,960 shares, compared to its average volume of 94,795. OSI Systems has a twelve month low of $62.20 and a twelve month high of $91.19. The firm has a market cap of $1.56 billion, a PE ratio of 22.29, a price-to-earnings-growth ratio of 1.72 and a beta of 1.12. The company has a quick ratio of 0.78, a current ratio of 1.45 and a debt-to-equity ratio of 0.51.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings results on Wednesday, January 30th. The technology company reported $1.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.23. OSI Systems had a return on equity of 14.93% and a net margin of 3.22%. The business had revenue of $303.21 million for the quarter, compared to analyst estimates of $287.18 million. During the same quarter in the prior year, the company posted $0.97 EPS. The company’s quarterly revenue was up 9.3% on a year-over-year basis. As a group, equities analysts expect that OSI Systems will post 4.02 earnings per share for the current year.

In other OSI Systems news, Director William Francis Ballhaus, Jr. sold 675 shares of the stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $89.14, for a total value of $60,169.50. Following the sale, the director now owns 7,343 shares of the company’s stock, valued at approximately $654,555.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven C. Good sold 3,500 shares of the stock in a transaction dated Tuesday, January 29th. The shares were sold at an average price of $87.00, for a total value of $304,500.00. Following the completion of the sale, the director now directly owns 15,839 shares in the company, valued at approximately $1,377,993. The disclosure for this sale can be found here. In the last three months, insiders have sold 156,657 shares of company stock worth $13,682,447. 8.60% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. Lindbrook Capital LLC acquired a new stake in OSI Systems in the 4th quarter valued at about $25,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in OSI Systems by 31.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,151 shares of the technology company’s stock valued at $84,000 after purchasing an additional 278 shares in the last quarter. Advisor Group Inc. raised its position in OSI Systems by 9.9% in the 4th quarter. Advisor Group Inc. now owns 1,706 shares of the technology company’s stock valued at $126,000 after purchasing an additional 154 shares in the last quarter. Resources Management Corp CT ADV acquired a new stake in OSI Systems in the 3rd quarter valued at about $210,000. Finally, Hsbc Holdings PLC raised its position in OSI Systems by 5.6% in the 4th quarter. Hsbc Holdings PLC now owns 3,531 shares of the technology company’s stock valued at $260,000 after purchasing an additional 187 shares in the last quarter. 98.63% of the stock is currently owned by institutional investors.

About OSI Systems

OSI Systems, Inc designs, manufactures, and sells electronic systems and components worldwide. The company's Security segment offers baggage and parcel inspection, cargo and vehicle inspection, hold baggage and people screening, radiation detection, and explosive and narcotics trace detection systems under the Rapiscan Systems and AS&E names.

Read More: Candlestick

Receive News & Ratings for OSI Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OSI Systems and related companies with MarketBeat.com's FREE daily email newsletter.