OSI Systems’ (OSIS) Buy Rating Reaffirmed at B. Riley

B. Riley restated their buy rating on shares of OSI Systems (NASDAQ:OSIS) in a research note published on Friday,Benzinga reports. The brokerage currently has a $255.00 price objective on the technology company’s stock, up from their prior price objective of $221.00.

A number of other brokerages have also recently issued reports on OSIS. Roth Mkm increased their price objective on shares of OSI Systems from $178.00 to $224.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Wells Fargo & Company lowered their price objective on OSI Systems from $220.00 to $210.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. StockNews.com lowered OSI Systems from a “hold” rating to a “sell” rating in a research note on Thursday, March 27th. Oppenheimer upped their target price on shares of OSI Systems from $205.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Finally, JPMorgan Chase & Co. started coverage on OSI Systems in a report on Friday, February 21st. They set a “neutral” rating and a $225.00 price target for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, OSI Systems currently has an average rating of “Moderate Buy” and an average price target of $222.50.

OSI Systems Stock Up 0.2 %

OSI Systems stock opened at $224.86 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.88 and a quick ratio of 1.25. The firm has a fifty day moving average price of $193.02 and a two-hundred day moving average price of $179.59. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of 28.94, a P/E/G ratio of 1.81 and a beta of 1.19. OSI Systems has a fifty-two week low of $129.18 and a fifty-two week high of $227.34.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings results on Thursday, May 1st. The technology company reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.38 by $0.06. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. The firm had revenue of $444.35 million during the quarter, compared to the consensus estimate of $436.49 million. During the same period in the prior year, the firm earned $2.16 EPS. The business’s revenue was up 9.5% on a year-over-year basis. As a group, analysts forecast that OSI Systems will post 9.22 earnings per share for the current year.

Institutional Investors Weigh In On OSI Systems

A number of large investors have recently added to or reduced their stakes in OSIS. State of Wyoming boosted its holdings in shares of OSI Systems by 1.9% during the fourth quarter. State of Wyoming now owns 2,698 shares of the technology company’s stock worth $452,000 after acquiring an additional 51 shares during the period. Richardson Financial Services Inc. lifted its holdings in shares of OSI Systems by 65.6% during the fourth quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock worth $26,000 after buying an additional 61 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of OSI Systems by 0.7% in the fourth quarter. MetLife Investment Management LLC now owns 9,401 shares of the technology company’s stock valued at $1,574,000 after acquiring an additional 61 shares in the last quarter. Summit Investment Advisors Inc. boosted its holdings in OSI Systems by 4.7% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,660 shares of the technology company’s stock valued at $278,000 after purchasing an additional 74 shares during the period. Finally, Hohimer Wealth Management LLC increased its holdings in shares of OSI Systems by 4.2% during the first quarter. Hohimer Wealth Management LLC now owns 1,927 shares of the technology company’s stock worth $374,000 after purchasing an additional 77 shares during the period. Institutional investors own 89.21% of the company’s stock.

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.