Bank of America Begins Coverage on OSI Systems (NASDAQ:OSIS)

Bank of America assumed coverage on shares of OSI Systems (NASDAQ:OSIS) in a research note issued to investors on Monday morning, Marketbeat reports. The firm issued a buy rating and a $175.00 price objective on the technology company’s stock.

OSIS has been the topic of several other research reports. Wells Fargo & Company initiated coverage on OSI Systems in a research note on Wednesday, September 18th. They issued an overweight rating and a $170.00 price target on the stock. Roth Mkm increased their target price on OSI Systems from $172.00 to $178.00 and gave the company a buy rating in a research note on Friday, August 23rd. Finally, B. Riley raised their price target on shares of OSI Systems from $165.00 to $180.00 and gave the stock a buy rating in a research report on Friday, August 23rd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $172.60.

OSI Systems Stock Performance

OSI Systems stock opened at $147.77 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.00 and a current ratio of 1.49. OSI Systems has a one year low of $103.04 and a one year high of $158.69. The stock’s 50 day moving average price is $144.33 and its 200 day moving average price is $140.75. The firm has a market capitalization of $2.45 billion, a PE ratio of 20.33, a price-to-earnings-growth ratio of 1.48 and a beta of 1.08.

OSI Systems (NASDAQ:OSIS) last posted its earnings results on Thursday, August 22nd. The technology company reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.79 by $0.05. The business had revenue of $480.91 million for the quarter, compared to analysts’ expectations of $467.24 million. OSI Systems had a net margin of 8.33% and a return on equity of 17.80%. The business’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.66 earnings per share. As a group, sell-side analysts expect that OSI Systems will post 8.93 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Paul Keith Morben sold 1,107 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $145.04, for a total value of $160,559.28. Following the completion of the sale, the insider now directly 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 available through this hyperlink. In other OSI Systems news, insider Paul Keith Morben sold 1,107 shares of OSI Systems stock in a transaction that occurred on Friday, September 13th. The stock was 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 directly owns 10,077 shares in the company, valued at $1,461,568.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Deepak Chopra sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $144.92, for a total value of $2,898,400.00. Following the transaction, the chief executive officer now directly owns 459,033 shares of the company’s stock, valued at $66,523,062.36. The disclosure for this sale can be found here. Insiders have sold a total of 24,107 shares of company stock valued at $3,474,189 in the last quarter. Insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On OSI Systems

Several large investors have recently added to or reduced their stakes in the stock. West Paces Advisors Inc. bought a new position in shares of OSI Systems during the first quarter worth about $28,000. Quest Partners LLC acquired a new position in OSI Systems during the 2nd quarter valued at about $40,000. Cape Investment Advisory Inc. bought a new position in OSI Systems in the 1st quarter worth about $63,000. Covestor Ltd increased its stake in shares of OSI Systems by 48,000.0% in the first quarter. Covestor Ltd now owns 481 shares of the technology company’s stock valued at $69,000 after purchasing an additional 480 shares during the period. Finally, Innealta Capital LLC bought a new stake in shares of OSI Systems during the second quarter valued at approximately $82,000. 89.21% of the stock is owned by institutional investors and hedge funds.

OSI Systems Company Profile

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.