OSI Systems (NASDAQ:OSIS) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

OSI Systems (NASDAQ:OSIS) had its price objective boosted by stock analysts at Wells Fargo & Company from $172.00 to $202.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the technology company’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 9.88% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on the company. Bank of America began coverage on OSI Systems in a research note on Monday, September 30th. They issued 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 report on Tuesday. B. Riley lifted their target price on OSI Systems from $165.00 to $180.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Finally, Roth Mkm lifted their target price on OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a report on Friday, August 23rd. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, OSI Systems currently has a consensus rating of “Moderate Buy” and an average price target of $179.00.

OSI Systems Stock Performance

Shares of NASDAQ OSIS traded down $0.17 during mid-day trading on Wednesday, reaching $183.83. 10,638 shares of the company’s stock were exchanged, compared to its average volume of 132,649. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 24.00, a price-to-earnings-growth ratio of 1.55 and a beta of 1.18. OSI Systems has a 52 week low of $120.42 and a 52 week high of $185.78. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.84 and a quick ratio of 1.20. The firm has a 50-day moving average price of $153.02 and a two-hundred day moving average price of $146.03.

OSI Systems (NASDAQ:OSIS) last released its earnings results on Thursday, October 24th. The technology company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.19. The company had revenue of $344.01 million for the quarter, compared to analysts’ expectations of $318.66 million. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. The business’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.91 EPS. Analysts predict that OSI Systems will post 9.13 EPS for the current year.

Insider Activity at OSI Systems

In related news, CEO Deepak Chopra sold 20,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $144.92, for a total value of $2,898,400.00. Following the sale, the chief executive officer now directly owns 459,033 shares of the company’s stock, valued at $66,523,062.36. This represents a 4.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Manoocher M. Aliabadi sold 1,728 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $180.39, for a total value of $311,713.92. Following the completion of the sale, the insider now directly owns 80,603 shares in the company, valued at approximately $14,539,975.17. The trade was a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 39,835 shares of company stock worth $5,968,293 over the last quarter. 5.20% of the stock is owned by corporate insiders.

Institutional Trading of OSI Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quest Partners LLC purchased a new position in OSI Systems during the 2nd quarter valued at approximately $40,000. Innealta Capital LLC purchased a new position in shares of OSI Systems in the 2nd quarter worth approximately $82,000. International Assets Investment Management LLC boosted its holdings in shares of OSI Systems by 15,075.0% in the 3rd quarter. International Assets Investment Management LLC now owns 607 shares of the technology company’s stock worth $92,000 after purchasing an additional 603 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in shares of OSI Systems in the 2nd quarter worth approximately $160,000. Finally, nVerses Capital LLC bought a new stake in shares of OSI Systems during the 3rd quarter worth approximately $182,000. Institutional investors own 89.21% of the company’s stock.

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.