Bank of America Cuts OSI Systems (NASDAQ:OSIS) Price Target to $300.00

OSI Systems (NASDAQ:OSIS) had its price objective dropped by investment analysts at Bank of America from $315.00 to $300.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Bank of America‘s price target indicates a potential upside of 40.98% from the stock’s previous close.

A number of other equities analysts have also recently commented on the company. Roth Capital reaffirmed a “buy” rating and issued a $310.00 price target on shares of OSI Systems in a research note on Tuesday, May 5th. Citigroup dropped their price objective on OSI Systems from $345.00 to $279.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Finally, Weiss Ratings cut shares of OSI Systems from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 8th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $291.86.

OSI Systems Trading Up 0.1%

Shares of NASDAQ:OSIS traded up $0.14 on Monday, reaching $212.80. 147,833 shares of the company traded hands, compared to its average volume of 282,672. The business’s 50-day simple moving average is $216.97 and its 200 day simple moving average is $256.03. OSI Systems has a 52 week low of $197.27 and a 52 week high of $311.72. The stock has a market capitalization of $3.51 billion, a P/E ratio of 24.33, a price-to-earnings-growth ratio of 1.59 and a beta of 1.20. The company has a current ratio of 3.25, a quick ratio of 2.42 and a debt-to-equity ratio of 1.12.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings data on Monday, May 4th. The technology company reported $2.60 EPS for the quarter, topping the consensus estimate of $2.53 by $0.07. OSI Systems had a return on equity of 18.84% and a net margin of 8.42%.The firm had revenue of $453.25 million for the quarter, compared to the consensus estimate of $449.23 million. During the same quarter in the previous year, the business earned $2.44 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. OSI Systems has set its FY 2026 guidance at 10.300-10.550 EPS. As a group, equities analysts anticipate 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 company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $281.84, for a total value of $5,636,800.00. Following the completion of the transaction, the director directly owned 253,044 shares in the company, valued at approximately $71,317,920.96. This represents a 7.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 4.30% of the company’s stock.

Institutional Investors Weigh In On OSI Systems

Large investors have recently modified their holdings of the stock. Wedge Capital Management L L P NC raised its stake in OSI Systems by 7.9% in the second quarter. Wedge Capital Management L L P NC now owns 13,052 shares of the technology company’s stock worth $2,854,000 after buying an additional 958 shares in the last quarter. Handelsbanken Fonder AB boosted its position in OSI Systems by 33.6% during the 2nd quarter. Handelsbanken Fonder AB now owns 6,365 shares of the technology company’s stock valued at $1,392,000 after acquiring an additional 1,600 shares in the last quarter. Fulton Bank N.A. bought a new stake in OSI Systems during the 2nd quarter valued at approximately $408,000. Harbor Investment Advisory LLC purchased a new position in shares of OSI Systems during the 2nd quarter worth approximately $68,000. Finally, Glenmede Trust Co. NA grew its holdings in shares of OSI Systems by 8.1% during the 1st quarter. Glenmede Trust Co. NA now owns 3,350 shares of the technology company’s stock worth $889,000 after acquiring an additional 252 shares during the period. Institutional investors own 89.21% of the company’s stock.

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.