OSI Systems (NASDAQ:OSIS) Now Covered by Analysts at Wells Fargo & Company

Analysts at Wells Fargo & Company assumed coverage on shares of OSI Systems (NASDAQ:OSIS) in a note issued to investors on Wednesday, Briefing.com reports. The brokerage set an “overweight” rating and a $170.00 price target on the technology company’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 17.82% from the stock’s current price.

A number of other brokerages have also recently issued reports on OSIS. B. Riley upped their target price on OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Roth Mkm upped their target price on OSI Systems from $172.00 to $178.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $172.00.

OSI Systems Trading Down 0.4 %

NASDAQ:OSIS opened at $144.29 on Wednesday. The stock’s 50 day moving average price is $144.24 and its 200 day moving average price is $139.66. OSI Systems has a 52 week low of $103.04 and a 52 week high of $158.69. The company has a market capitalization of $2.39 billion, a P/E ratio of 19.85, a P/E/G ratio of 1.45 and a beta of 1.08. 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 (NASDAQ:OSIS) last released its quarterly earnings data on Thursday, August 22nd. The technology company reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.79 by $0.05. OSI Systems had a return on equity of 17.80% and a net margin of 8.33%. The firm had revenue of $480.91 million for the quarter, compared to the consensus estimate of $467.24 million. During the same quarter in the prior year, the company posted $2.66 earnings per share. The firm’s revenue was up 16.8% on a year-over-year basis. On average, research analysts forecast that OSI Systems will post 8.93 EPS for the current fiscal year.

Insider Activity

In other news, CEO Deepak Chopra sold 20,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $144.92, for a total value of $2,898,400.00. Following the completion of the sale, the chief executive officer now directly owns 459,033 shares of the company’s stock, valued at $66,523,062.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other OSI Systems news, insider Paul Keith Morben sold 1,107 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $145.04, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Deepak Chopra sold 20,000 shares of the stock in a transaction on Monday, September 16th. The stock was 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 owns 459,033 shares of the company’s stock, valued at $66,523,062.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,107 shares of company stock valued at $3,474,189. 5.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in OSI Systems by 5.4% during the fourth quarter. Vanguard Group Inc. now owns 2,097,875 shares of the technology company’s stock worth $270,731,000 after acquiring an additional 107,383 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in OSI Systems by 1.6% in the first quarter. Janus Henderson Group PLC now owns 1,249,889 shares of the technology company’s stock valued at $178,508,000 after acquiring an additional 19,683 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in OSI Systems by 2.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 819,671 shares of the technology company’s stock worth $105,780,000 after buying an additional 18,298 shares during the last quarter. Hood River Capital Management LLC grew its position in shares of OSI Systems by 10.6% in the 2nd quarter. Hood River Capital Management LLC now owns 316,788 shares of the technology company’s stock valued at $43,565,000 after purchasing an additional 30,464 shares during the period. Finally, Primecap Management Co. CA grew its position in shares of OSI Systems by 2.2% in the 4th quarter. Primecap Management Co. CA now owns 285,200 shares of the technology company’s stock valued at $36,805,000 after purchasing an additional 6,210 shares during the period. 89.21% of the stock is currently owned by institutional investors and hedge funds.

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.