OSI Systems (NASDAQ:OSIS) Receives New Coverage from Analysts at Wells Fargo & Company

Wells Fargo & Company started coverage on shares of OSI Systems (NASDAQ:OSIS) in a research note released on Wednesday morning, MarketBeat.com reports. The firm issued an overweight rating and a $170.00 target price on the technology company’s stock.

A number of other research analysts also recently issued reports on the stock. Roth Mkm boosted their target price on shares of OSI Systems from $172.00 to $178.00 and gave the company a buy rating in a research report on Friday, August 23rd. B. Riley boosted their target price on shares of OSI Systems from $165.00 to $180.00 and gave the company a buy rating in a research report on Friday, August 23rd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, OSI Systems has an average rating of Moderate Buy and an average target price of $172.00.

OSI Systems Stock Down 1.1 %

Shares of NASDAQ OSIS opened at $145.52 on Wednesday. The company has a market capitalization of $2.48 billion, a P/E ratio of 20.02, a price-to-earnings-growth ratio of 1.48 and a beta of 1.08. OSI Systems has a 52-week low of $103.04 and a 52-week high of $158.69. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.00 and a current ratio of 1.49. The company’s 50 day moving average price is $144.50 and its 200-day moving average price is $139.88.

OSI Systems (NASDAQ:OSIS) last released its earnings results on Thursday, August 22nd. The technology company reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.79 by $0.05. OSI Systems had a net margin of 8.33% and a return on equity of 17.80%. The company had revenue of $480.91 million for the quarter, compared to the consensus estimate of $467.24 million. During the same quarter in the previous year, the company earned $2.66 EPS. OSI Systems’s quarterly revenue was up 16.8% compared to the same quarter last year. Equities analysts forecast that OSI Systems will post 8.93 earnings per share for the current year.

Insider Buying and Selling at OSI Systems

In other OSI Systems news, CEO Deepak Chopra sold 20,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $144.92, for a total transaction of $2,898,400.00. Following the completion of the sale, the chief executive officer now owns 459,033 shares in the company, valued at approximately $66,523,062.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other OSI Systems news, insider Paul Keith Morben sold 1,107 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $145.04, for a total transaction of $160,559.28. Following the completion of the sale, the insider now owns 10,077 shares in the company, valued at approximately $1,461,568.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Deepak Chopra sold 20,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $144.92, for a total transaction of $2,898,400.00. Following the sale, the chief executive officer now owns 459,033 shares of the company’s stock, valued at approximately $66,523,062.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,107 shares of company stock worth $3,474,189. 5.60% of the stock is owned by corporate insiders.

Institutional Trading of OSI Systems

Institutional investors have recently made changes to their positions in the company. Thematics Asset Management grew its stake in shares of OSI Systems by 18.8% in the 4th quarter. Thematics Asset Management now owns 158,000 shares of the technology company’s stock worth $20,390,000 after acquiring an additional 25,000 shares in the last quarter. Wakefield Asset Management LLLP bought a new stake in shares of OSI Systems in the 1st quarter worth $959,000. Allspring Global Investments Holdings LLC grew its stake in shares of OSI Systems by 1,193.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 29,052 shares of the technology company’s stock worth $4,149,000 after acquiring an additional 26,806 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of OSI Systems by 271.1% in the 1st quarter. Van ECK Associates Corp now owns 35,092 shares of the technology company’s stock worth $5,012,000 after acquiring an additional 25,636 shares in the last quarter. Finally, Tidal Investments LLC bought a new stake in shares of OSI Systems in the 1st quarter worth $921,000. 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.