Insider Selling: OSI Systems, Inc. (NASDAQ:OSIS) Director Sells 675 Shares of Stock

OSI Systems, Inc. (NASDAQ:OSIS) Director William Francis Ballhaus, Jr. sold 675 shares of OSI Systems stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $133.98, for a total transaction of $90,436.50. Following the completion of the sale, the director now owns 25,907 shares of the company’s stock, valued at $3,471,019.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

OSI Systems Stock Performance

OSIS traded up $1.26 during trading on Thursday, reaching $135.52. 73,597 shares of the company’s stock were exchanged, compared to its average volume of 97,212. OSI Systems, Inc. has a 1 year low of $103.04 and a 1 year high of $144.11. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.47 and a quick ratio of 0.89. The stock has a market capitalization of $2.31 billion, a P/E ratio of 18.47, a price-to-earnings-growth ratio of 1.52 and a beta of 0.99. The company’s fifty day simple moving average is $136.01 and its 200-day simple moving average is $128.31.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings results on Thursday, April 25th. The technology company reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.11 by $0.05. OSI Systems had a net margin of 8.56% and a return on equity of 18.10%. The company had revenue of $405.41 million during the quarter, compared to analyst estimates of $401.99 million. During the same period last year, the firm posted $1.49 EPS. OSI Systems’s revenue for the quarter was up 33.8% compared to the same quarter last year. As a group, research analysts predict that OSI Systems, Inc. will post 8.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on OSIS shares. StockNews.com cut shares of OSI Systems from a “buy” rating to a “hold” rating in a research note on Saturday, April 27th. Oppenheimer lifted their target price on shares of OSI Systems from $157.00 to $160.00 and gave the stock an “outperform” rating in a research note on Monday, April 29th. Finally, Roth Mkm lifted their target price on shares of OSI Systems from $169.00 to $172.00 and gave the stock a “buy” rating in a research note on Friday, April 26th.

Hedge Funds Weigh In On OSI Systems

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of OSI Systems by 5.4% during the 4th quarter. Vanguard Group Inc. now owns 2,097,875 shares of the technology company’s stock valued at $270,731,000 after purchasing an additional 107,383 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of OSI Systems by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 819,671 shares of the technology company’s stock valued at $105,780,000 after purchasing an additional 18,298 shares in the last quarter. Neumeier Poma Investment Counsel LLC increased its holdings in shares of OSI Systems by 1.7% during the 3rd quarter. Neumeier Poma Investment Counsel LLC now owns 369,200 shares of the technology company’s stock valued at $43,580,000 after purchasing an additional 6,265 shares in the last quarter. Primecap Management Co. CA increased its holdings in shares of OSI Systems by 2.2% during the 4th quarter. Primecap Management Co. CA now owns 285,200 shares of the technology company’s stock valued at $36,805,000 after purchasing an additional 6,210 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of OSI Systems by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 211,571 shares of the technology company’s stock valued at $27,303,000 after purchasing an additional 1,722 shares in the last quarter. 89.21% of the stock is owned by hedge funds and other institutional investors.

About OSI Systems

OSI Systems, Inc designs and manufactures electronic systems and components. 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 monitoring, explosive and narcotics trace detection systems, and optical inspection systems under the Rapiscan name.