Wells Fargo & Company Increases OSI Systems (NASDAQ:OSIS) Price Target to $172.00

OSI Systems (NASDAQ:OSIS) had its price target lifted by Wells Fargo & Company from $170.00 to $172.00 in a report issued on Tuesday, Benzinga reports. The firm currently has an overweight rating on the technology company’s stock.

OSIS has been the topic of several other reports. Roth Mkm lifted their price objective on OSI Systems from $172.00 to $178.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Bank of America initiated coverage on OSI Systems in a research report on Monday, September 30th. They set a “buy” rating and a $175.00 price target for the company. Finally, B. Riley increased their price objective on OSI Systems from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $173.00.

OSI Systems Stock Down 0.0 %

OSI Systems stock opened at $132.16 on Tuesday. OSI Systems has a 12 month low of $104.51 and a 12 month high of $158.69. The stock has a market capitalization of $2.21 billion, a PE ratio of 17.25, a price-to-earnings-growth ratio of 1.26 and a beta of 1.08. 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 business has a 50 day simple moving average of $143.79 and a 200-day simple moving average of $141.24.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings data on Thursday, October 24th. The technology company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.19. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. The company had revenue of $344.01 million during the quarter, compared to analysts’ expectations of $318.66 million. During the same period in the prior year, the business posted $0.91 earnings per share. The firm’s revenue for the quarter was up 23.2% on a year-over-year basis. On average, analysts anticipate that OSI Systems will post 9.12 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Gerald M. Chizever sold 3,000 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $138.41, for a total transaction of $415,230.00. Following the transaction, the director now owns 3,462 shares of the company’s stock, valued at approximately $479,175.42. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Gerald M. Chizever sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $138.41, for a total transaction of $415,230.00. Following the completion of the sale, the director now owns 3,462 shares in the company, valued at $479,175.42. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul Keith Morben sold 1,107 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $145.04, for a total value of $160,559.28. Following the completion of the transaction, the insider now owns 10,077 shares in the company, valued at $1,461,568.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,107 shares of company stock valued at $3,474,189 in the last three months. 5.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On OSI Systems

A number of hedge funds have recently modified their holdings of OSIS. Quest Partners LLC purchased a new stake in OSI Systems in the 2nd quarter valued at about $40,000. Cape Investment Advisory Inc. acquired a new stake in shares of OSI Systems during the first quarter valued at about $63,000. Covestor Ltd raised its stake in shares of OSI Systems by 48,000.0% in the 1st quarter. Covestor Ltd now owns 481 shares of the technology company’s stock valued at $69,000 after acquiring an additional 480 shares during the period. Innealta Capital LLC acquired a new position in shares of OSI Systems in the 2nd quarter worth approximately $82,000. Finally, International Assets Investment Management LLC lifted 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 acquiring an additional 603 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.