OSI Systems (NASDAQ:OSIS) had its price objective lifted by Roth Capital from $77.00 to $89.00 in a research report report published on Friday morning, The Fly reports. Roth Capital currently has a buy rating on the technology company’s stock.

Several other equities analysts have also weighed in on OSIS. BidaskClub upgraded OSI Systems from a hold rating to a buy rating in a research note on Friday, June 1st. Zacks Investment Research upgraded OSI Systems from a hold rating to a buy rating and set a $76.00 target price on the stock in a report on Friday, May 18th. ValuEngine cut OSI Systems from a hold rating to a sell rating in a report on Wednesday, May 2nd. Finally, Sidoti cut OSI Systems from a buy rating to a neutral rating in a report on Thursday, June 21st. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. OSI Systems presently has an average rating of Hold and an average price target of $81.88.

Shares of NASDAQ OSIS opened at $76.63 on Friday. The company has a current ratio of 1.39, a quick ratio of 0.85 and a debt-to-equity ratio of 0.51. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 21.23, a P/E/G ratio of 1.50 and a beta of 0.86. OSI Systems has a 12-month low of $50.50 and a 12-month high of $96.64.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings results on Thursday, August 23rd. The technology company reported $1.02 EPS for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.08. OSI Systems had a positive return on equity of 13.20% and a negative net margin of 3.10%. The company had revenue of $287.33 million during the quarter, compared to analysts’ expectations of $274.13 million. During the same quarter in the previous year, the firm posted $1.02 EPS. The firm’s revenue was up 13.8% compared to the same quarter last year. equities research analysts expect that OSI Systems will post 3.79 EPS for the current year.

In other OSI Systems news, VP Ajay Mehra sold 14,572 shares of the stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $73.54, for a total value of $1,071,624.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 7.60% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Sun Life Financial INC acquired a new position in shares of OSI Systems during the 2nd quarter valued at $121,000. Xact Kapitalforvaltning AB acquired a new position in shares of OSI Systems in the 1st quarter valued at about $200,000. SG Americas Securities LLC acquired a new position in shares of OSI Systems in the 1st quarter valued at about $215,000. NJ State Employees Deferred Compensation Plan acquired a new position in shares of OSI Systems in the 2nd quarter valued at about $232,000. Finally, Pillar Pacific Capital Management LLC acquired a new position in OSI Systems during the 2nd quarter valued at about $234,000.

About OSI Systems

OSI Systems, Inc designs, manufactures, and sells electronic systems and components worldwide. The company's Security segment provides baggage and parcel inspection, cargo and vehicle inspection, hold baggage and people screening, radiation detection, and explosive and narcotics trace detection systems under the Rapiscan Systems and AS&E names.

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