OSI Systems (NASDAQ:OSIS) Price Target Cut to $279.00 by Analysts at Citigroup

OSI Systems (NASDAQ:OSIS) had its target price decreased by research analysts at Citigroup from $345.00 to $279.00 in a report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Citigroup’s price objective would indicate a potential upside of 34.66% from the company’s previous close.

Several other equities analysts have also recently weighed in on OSIS. B. Riley Financial lifted their price objective on OSI Systems from $300.00 to $320.00 and gave the company a “buy” rating in a report on Friday, January 30th. Roth Mkm reiterated a “buy” rating and set a $310.00 price objective on shares of OSI Systems in a research note on Tuesday, May 5th. Weiss Ratings downgraded shares of OSI Systems from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. Finally, JPMorgan Chase & Co. increased their price objective on shares of OSI Systems from $255.00 to $262.00 and gave the stock a “neutral” rating in a research note on Monday, February 2nd. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $294.00.

OSI Systems Price Performance

Shares of NASDAQ OSIS traded up $1.79 during midday trading on Monday, reaching $207.19. The company’s stock had a trading volume of 107,623 shares, compared to its average volume of 292,875. The company has a debt-to-equity ratio of 1.12, a quick ratio of 2.42 and a current ratio of 3.25. OSI Systems has a fifty-two week low of $204.00 and a fifty-two week high of $311.72. The business’s 50 day moving average price is $272.98 and its two-hundred day moving average price is $271.92. The company has a market cap of $3.41 billion, a P/E ratio of 23.65, a P/E/G ratio of 1.69 and a beta of 1.31.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings data on Monday, May 4th. The technology company reported $2.60 earnings per share for the quarter, beating the consensus estimate of $2.53 by $0.07. The firm had revenue of $453.25 million during the quarter, compared to analysts’ expectations of $449.23 million. OSI Systems had a return on equity of 18.84% and a net margin of 8.42%.The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.44 EPS. OSI Systems has set its FY 2026 guidance at 10.300-10.550 EPS. On average, analysts forecast that OSI Systems will post 10.4 EPS for the current fiscal year.

Insider Transactions at OSI Systems

In other OSI Systems news, Director Deepak Chopra sold 20,000 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $281.84, for a total transaction of $5,636,800.00. Following the sale, the director directly owned 253,044 shares in the company, valued at $71,317,920.96. This represents a 7.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.30% of the stock is owned by insiders.

Institutional Investors Weigh In On OSI Systems

A number of hedge funds have recently made changes to their positions in the stock. Abel Hall LLC boosted its stake in shares of OSI Systems by 3.6% in the 1st quarter. Abel Hall LLC now owns 1,113 shares of the technology company’s stock valued at $296,000 after purchasing an additional 39 shares in the last quarter. Severin Investments LLC grew its stake in shares of OSI Systems by 2.6% during the third quarter. Severin Investments LLC now owns 1,884 shares of the technology company’s stock worth $470,000 after buying an additional 48 shares during the last quarter. CIBC Private Wealth Group LLC grew its stake in shares of OSI Systems by 6.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 815 shares of the technology company’s stock worth $208,000 after buying an additional 49 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of OSI Systems by 19.6% during the fourth quarter. GAMMA Investing LLC now owns 330 shares of the technology company’s stock worth $84,000 after buying an additional 54 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of OSI Systems by 12.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 508 shares of the technology company’s stock worth $130,000 after buying an additional 56 shares during the last quarter. 89.21% of the stock is currently owned by institutional investors and hedge funds.

About OSI Systems

OSI Systems, Inc (NASDAQ: OSIS) is a publicly traded technology company founded in 1987 and headquartered in Hawthorne, California. The company designs, develops and manufactures advanced security and inspection systems, optoelectronic devices and medical imaging equipment. Over its history, OSI Systems has grown its product offerings through internal research and development as well as strategic acquisitions, expanding its capabilities in mission-critical sensing and inspection technologies.

OSI Systems operates three primary business segments.