OSI Systems, Inc. (NASDAQ:OSIS) Director Sells $296,320.00 in Stock

OSI Systems, Inc. (NASDAQ:OSIS) Director Gerald M. Chizever sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $148.16, for a total transaction of $296,320.00. Following the completion of the sale, the director now directly owns 7,701 shares of the company’s stock, valued at $1,140,980.16. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

OSI Systems Trading Down 0.2 %

NASDAQ:OSIS opened at $152.85 on Thursday. OSI Systems, Inc. has a 52 week low of $114.17 and a 52 week high of $158.69. The firm has a 50 day moving average of $143.68 and a 200 day moving average of $141.78. The company has a quick ratio of 1.20, a current ratio of 1.84 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 1.42 and a beta of 1.10.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings results on Thursday, October 24th. The technology company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.19. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. The business had revenue of $344.01 million for the quarter, compared to analyst estimates of $318.66 million. During the same quarter in the prior year, the business posted $0.91 EPS. OSI Systems’s revenue for the quarter was up 23.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that OSI Systems, Inc. will post 9.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on OSIS. B. Riley upped their price target on shares of OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Bank of America began coverage on shares of OSI Systems in a research report on Monday, September 30th. They issued a “buy” rating and a $175.00 price target for the company. Roth Mkm upped their price target on shares of OSI Systems from $172.00 to $178.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Finally, Wells Fargo & Company increased their target price on shares of OSI Systems from $170.00 to $172.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $173.00.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Arizona State Retirement System increased its stake in OSI Systems by 2.2% during the 2nd quarter. Arizona State Retirement System now owns 4,532 shares of the technology company’s stock valued at $623,000 after purchasing an additional 97 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in OSI Systems by 1.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 7,900 shares of the technology company’s stock valued at $1,086,000 after purchasing an additional 100 shares in the last quarter. US Bancorp DE increased its stake in shares of OSI Systems by 4.8% in the third quarter. US Bancorp DE now owns 2,418 shares of the technology company’s stock worth $367,000 after acquiring an additional 111 shares during the period. Inspire Investing LLC increased its stake in shares of OSI Systems by 7.9% in the third quarter. Inspire Investing LLC now owns 2,741 shares of the technology company’s stock worth $416,000 after acquiring an additional 200 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of OSI Systems by 5.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,901 shares of the technology company’s stock worth $536,000 after acquiring an additional 202 shares during the period. Institutional investors and hedge funds own 89.21% of the company’s stock.

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.