OSI Systems, Inc. (NASDAQ:OSIS) Insider Sells $377,377.46 in Stock

OSI Systems, Inc. (NASDAQ:OSIS) insider Shalabh Chandra sold 3,203 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $117.82, for a total transaction of $377,377.46. Following the sale, the insider now owns 8,713 shares in the company, valued at $1,026,565.66. The sale was disclosed in a filing with the SEC, which is available at this link.

OSI Systems Trading Down 1.1 %

OSI Systems stock traded down $1.31 during midday trading on Monday, reaching $117.05. The stock had a trading volume of 68,395 shares, compared to its average volume of 103,807. The company has a quick ratio of 0.88, a current ratio of 1.47 and a debt-to-equity ratio of 0.19. OSI Systems, Inc. has a 52-week low of $69.31 and a 52-week high of $139.90. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 21.92, a price-to-earnings-growth ratio of 1.41 and a beta of 0.90. The company has a fifty day moving average of $122.19 and a 200 day moving average of $114.65.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings data on Thursday, August 24th. The technology company reported $2.66 earnings per share for the quarter, topping analysts’ consensus estimates of $2.54 by $0.12. OSI Systems had a net margin of 7.18% and a return on equity of 16.02%. The company had revenue of $336.80 million for the quarter, compared to analyst estimates of $382.90 million. During the same period in the prior year, the company posted $1.96 EPS. The firm’s revenue for the quarter was down 18.2% on a year-over-year basis. On average, analysts anticipate that OSI Systems, Inc. will post 7.79 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on OSIS. B. Riley upped their target price on shares of OSI Systems from $137.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, August 25th. StockNews.com cut shares of OSI Systems from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 24th. Roth Mkm upped their target price on shares of OSI Systems from $152.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, August 25th. Finally, Oppenheimer upped their target price on shares of OSI Systems from $133.00 to $157.00 and gave the company an “outperform” rating in a research report on Friday, August 25th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, OSI Systems currently has a consensus rating of “Buy” and an average target price of $162.33.

Hedge Funds Weigh In On OSI Systems

Hedge funds have recently added to or reduced their stakes in the stock. Prelude Capital Management LLC bought a new position in OSI Systems in the 1st quarter worth about $935,000. Systematic Financial Management LP grew its stake in OSI Systems by 27.9% in the 1st quarter. Systematic Financial Management LP now owns 216,347 shares of the technology company’s stock worth $22,145,000 after acquiring an additional 47,258 shares in the last quarter. New York Life Investment Management LLC bought a new position in OSI Systems in the 1st quarter worth about $478,000. Boston Partners grew its stake in OSI Systems by 23.9% in the 1st quarter. Boston Partners now owns 208,553 shares of the technology company’s stock worth $22,073,000 after acquiring an additional 40,176 shares in the last quarter. Finally, Credit Suisse AG grew its stake in OSI Systems by 1.0% in the 4th quarter. Credit Suisse AG now owns 508,969 shares of the technology company’s stock worth $40,473,000 after acquiring an additional 5,268 shares in the last quarter. 89.21% of the stock is currently owned by institutional investors.

About OSI Systems

OSI Systems, Inc designs and manufactures electronic systems and components worldwide. 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 detection, and explosive and narcotics trace detection systems under the Rapiscan Systems, AS&E, and Gatekeeper names.