OSI Systems (NASDAQ:OSIS) Stock Crosses Above 50 Day Moving Average – What’s Next?

OSI Systems, Inc. (NASDAQ:OSIS)’s share price passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $199.91 and traded as high as $204.49. OSI Systems shares last traded at $200.95, with a volume of 207,981 shares trading hands.

Analysts Set New Price Targets

Several research analysts have weighed in on OSIS shares. Oppenheimer lowered their price objective on OSI Systems from $300.00 to $265.00 and set an “outperform” rating on the stock in a research report on Thursday, October 8th. Bank of America decreased their price target on shares of OSI Systems from $315.00 to $300.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Roth Capital reaffirmed a “buy” rating and set a $274.00 price target on shares of OSI Systems in a research report on Friday, August 21st. B. Riley Financial reiterated a “buy” rating and issued a $265.00 price objective (down from $320.00) on shares of OSI Systems in a research note on Friday, August 21st. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of OSI Systems in a research report on Wednesday, October 28th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, OSI Systems presently has a consensus rating of “Moderate Buy” and an average target price of $276.71.

OSI Systems Price Performance

The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 21.54, a PEG ratio of 1.49 and a beta of 1.26. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.05 and a current ratio of 2.89. The company has a fifty day simple moving average of $199.91 and a two-hundred day simple moving average of $236.93.

OSI Systems (NASDAQ:OSIS) last released its earnings results on Thursday, October 29th. The technology company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.01. The company had revenue of $403.47 million for the quarter, compared to analyst estimates of $396.11 million. OSI Systems had a return on equity of 21.57% and a net margin of 8.79%. During the same period in the prior year, the firm posted $1.42 EPS. OSI Systems’s quarterly revenue was up .0% on a year-over-year basis. As a group, equities research analysts expect that OSI Systems, Inc. will post 11.42 earnings per share for the current fiscal year.

Institutional Investors Weigh In On OSI Systems

A number of large investors have recently bought and sold shares of the company. Jupiter Topco LLC bought a new position in OSI Systems in the 2nd quarter valued at about $198,127,000. William Blair Investment Management LLC acquired a new stake in shares of OSI Systems in the 2nd quarter valued at $82,964,000. Primecap Management Co. CA bought a new position in shares of OSI Systems in the 2nd quarter valued at $56,464,000. Neumeier Poma Investment Counsel LLC acquired a new position in shares of OSI Systems during the 2nd quarter worth $48,664,031. Finally, Bank of America Corp DE acquired a new position in shares of OSI Systems during the 2nd quarter worth $30,036,000. 89.21% of the stock is currently owned by institutional investors and hedge funds.

About OSI Systems

OSI Systems, Inc is a vertically integrated technology company that designs and manufactures specialized electronic systems and components for security, healthcare and aerospace and defense applications. Headquartered in Hawthorne, California, the company serves government agencies, transportation authorities, hospitals and commercial customers in the United States and international markets.

Through its security division, OSI Systems provides inspection and screening systems used at airports, borders, ports and other facilities.