Insider Selling: OSI Systems, Inc. (NASDAQ:OSIS) Director Sells 2,000 Shares of Stock

OSI Systems, Inc. (NASDAQ:OSIS) Director Gerald M. Chizever sold 2,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $148.16, for a total value of $296,320.00. Following the completion of the sale, the director now owns 7,701 shares of the company’s stock, valued at approximately $1,140,980.16. This trade represents a 20.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

OSI Systems Stock Performance

OSI Systems stock opened at $151.97 on Friday. OSI Systems, Inc. has a 52 week low of $115.33 and a 52 week high of $158.69. The company has a current ratio of 1.84, a quick ratio of 1.20 and a debt-to-equity ratio of 0.60. The stock has a fifty day moving average price of $143.89 and a 200 day moving average price of $141.86. The firm has a market capitalization of $2.54 billion, a P/E ratio of 19.84, 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 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.19. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. The firm had revenue of $344.01 million during the quarter, compared to the consensus estimate of $318.66 million. During the same quarter in the prior year, the business posted $0.91 earnings per share. OSI Systems’s revenue for the quarter was up 23.2% on a year-over-year basis. Equities research analysts anticipate that OSI Systems, Inc. will post 9.12 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Quest Partners LLC purchased a new position in OSI Systems during the 2nd quarter worth approximately $40,000. Cape Investment Advisory Inc. bought a new stake in OSI Systems during the first quarter valued at about $63,000. Covestor Ltd grew its stake in shares of OSI Systems by 48,000.0% in the first quarter. Covestor Ltd now owns 481 shares of the technology company’s stock worth $69,000 after acquiring an additional 480 shares during the last quarter. Innealta Capital LLC acquired a new stake in OSI Systems during the second quarter worth about $82,000. Finally, International Assets Investment Management LLC raised its stake in shares of OSI Systems by 15,075.0% in the third quarter. International Assets Investment Management LLC now owns 607 shares of the technology company’s stock valued at $92,000 after purchasing an additional 603 shares in the last quarter. Institutional investors and hedge funds own 89.21% of the company’s stock.

Analyst Ratings Changes

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

OSI Systems Company Profile

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.