OSI Systems (NASDAQ:OSIS) had its target price increased by equities researchers at B. Riley from $81.00 to $92.50 in a research report issued to clients and investors on Friday, August 24th, Marketbeat.com reports. The firm presently has a “buy” rating on the technology company’s stock. B. Riley’s target price points to a potential upside of 21.89% from the stock’s current price. B. Riley also issued estimates for OSI Systems’ Q2 2019 earnings at $0.95 EPS and Q3 2019 earnings at $1.14 EPS.

Other equities research analysts also recently issued reports about the company. ValuEngine raised OSI Systems from a “sell” rating to a “hold” rating in a report on Monday, June 11th. BidaskClub downgraded OSI Systems from a “buy” rating to a “hold” rating in a report on Thursday, May 17th. Sidoti downgraded OSI Systems from a “buy” rating to a “neutral” rating in a report on Thursday, June 21st. Finally, Zacks Investment Research downgraded OSI Systems from a “buy” rating to a “hold” rating in a report on Tuesday, June 26th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $84.38.

Shares of OSIS traded up $0.25 during mid-day trading on Friday, hitting $75.89. 59,349 shares of the company’s stock were exchanged, compared to its average volume of 146,679. The stock has a market capitalization of $1.36 billion, a PE ratio of 21.02, a P/E/G ratio of 1.56 and a beta of 0.89. OSI Systems has a fifty-two week low of $50.50 and a fifty-two week high of $96.64. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.76 and a current ratio of 1.47.

OSI Systems (NASDAQ:OSIS) last released its earnings results on Thursday, August 23rd. The technology company reported $1.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.08. OSI Systems had a negative net margin of 2.67% and a positive return on equity of 13.55%. The firm had revenue of $287.33 million for the quarter, compared to analyst estimates of $274.13 million. During the same period in the prior year, the firm earned $1.02 earnings per share. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. sell-side analysts predict that OSI Systems will post 3.87 earnings per share for the current year.

In related news, insider Deepak Chopra sold 25,000 shares of OSI Systems stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $74.90, for a total transaction of $1,872,500.00. Following the completion of the sale, the insider now owns 630,223 shares in the company, valued at approximately $47,203,702.70. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Ajay Mehra sold 14,572 shares of OSI Systems stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $73.54, for a total value of $1,071,624.88. The disclosure for this sale can be found here. Insiders have sold a total of 44,072 shares of company stock valued at $3,289,995 in the last ninety days. Corporate insiders own 7.60% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OSIS. Hennessy Advisors Inc. acquired a new position in shares of OSI Systems in the 1st quarter valued at about $771,000. Lapides Asset Management LLC acquired a new position in OSI Systems during the 1st quarter worth approximately $2,063,000. SG Americas Securities LLC acquired a new position in OSI Systems during the 1st quarter worth approximately $215,000. Massachusetts Financial Services Co. MA lifted its position in OSI Systems by 39.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 201,827 shares of the technology company’s stock worth $13,173,000 after acquiring an additional 57,423 shares in the last quarter. Finally, River Road Asset Management LLC lifted its position in OSI Systems by 27.9% during the 1st quarter. River Road Asset Management LLC now owns 106,770 shares of the technology company’s stock worth $6,969,000 after acquiring an additional 23,270 shares in the last quarter. 99.09% of the stock is currently owned by institutional investors and hedge funds.

OSI Systems Company Profile

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.

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