OSI Systems (NASDAQ:OSIS) Given a $119.00 Price Target at B. Riley

OSI Systems (NASDAQ:OSIS) has been given a $119.00 price objective by investment analysts at B. Riley in a research note issued on Monday, TipRanks reports. The brokerage presently has a “buy” rating on the technology company’s stock. B. Riley’s price target suggests a potential upside of 23.25% from the company’s current price.

A number of other research analysts have also issued reports on the company. ValuEngine lowered OSI Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. BidaskClub downgraded OSI Systems from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Finally, Zacks Investment Research raised OSI Systems from a “hold” rating to a “buy” rating and set a $117.00 target price on the stock in a research note on Thursday, August 29th. Two research analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. OSI Systems currently has an average rating of “Hold” and a consensus target price of $112.00.

NASDAQ:OSIS traded down $0.05 during midday trading on Monday, reaching $96.55. 97,405 shares of the company traded hands, compared to its average volume of 169,445. OSI Systems has a twelve month low of $67.15 and a twelve month high of $117.21. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 22.35, a price-to-earnings-growth ratio of 1.68 and a beta of 0.85. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.68 and a quick ratio of 0.96. The company has a fifty day moving average price of $102.08 and a 200 day moving average price of $104.06.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings data on Monday, August 26th. The technology company reported $1.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.09. OSI Systems had a return on equity of 15.68% and a net margin of 5.48%. The business had revenue of $308.38 million during the quarter, compared to analyst estimates of $304.13 million. During the same quarter in the previous year, the firm posted $1.02 EPS. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, equities research analysts forecast that OSI Systems will post 4.7 earnings per share for the current fiscal year.

In other news, CFO Alan I. Edrick sold 25,000 shares of the business’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $106.21, for a total value of $2,655,250.00. Following the sale, the chief financial officer now owns 249,806 shares of the company’s stock, valued at approximately $26,531,895.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Deepak Chopra sold 35,000 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $106.54, for a total value of $3,728,900.00. Following the completion of the sale, the insider now directly owns 549,530 shares in the company, valued at approximately $58,546,926.20. The disclosure for this sale can be found here. Insiders have sold a total of 128,332 shares of company stock worth $13,587,838 in the last ninety days. 8.60% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Advisors Preferred LLC bought a new stake in shares of OSI Systems in the 2nd quarter worth $38,000. Flagship Harbor Advisors LLC raised its position in shares of OSI Systems by 267.8% during the third quarter. Flagship Harbor Advisors LLC now owns 331 shares of the technology company’s stock worth $33,000 after purchasing an additional 241 shares during the period. Vigilant Capital Management LLC acquired a new stake in shares of OSI Systems during the second quarter worth $38,000. Marshall Wace North America L.P. acquired a new stake in shares of OSI Systems during the first quarter worth $35,000. Finally, Acadian Asset Management LLC acquired a new stake in shares of OSI Systems during the second quarter worth $61,000. 98.90% of the stock is currently owned by institutional investors.

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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