OSI Systems, Inc. (NASDAQ:OSIS) Short Interest Update

OSI Systems, Inc. (NASDAQ:OSIS) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 2,420,000 shares, a growth of 27.4% from the February 28th total of 1,900,000 shares. Approximately 15.4% of the company’s stock are short sold. Based on an average trading volume of 251,000 shares, the days-to-cover ratio is currently 9.6 days.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Oppenheimer increased their price target on shares of OSI Systems from $205.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. B. Riley raised their target price on shares of OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, January 24th. StockNews.com lowered shares of OSI Systems from a “hold” rating to a “sell” rating in a report on Thursday, March 27th. Wells Fargo & Company increased their price objective on OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Finally, Roth Mkm boosted their target price on OSI Systems from $178.00 to $224.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $212.00.

Insider Activity at OSI Systems

In related news, Director Gerald M. Chizever sold 2,701 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $195.83, for a total value of $528,936.83. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at $979,150. The trade was a 35.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Paul Keith Morben sold 155 shares of the stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $199.36, for a total value of $30,900.80. Following the sale, the insider now directly owns 10,077 shares in the company, valued at $2,008,950.72. This trade represents a 1.51 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by corporate insiders.

Institutional Trading of OSI Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in OSIS. Citigroup Inc. lifted its position in OSI Systems by 64.9% during the third quarter. Citigroup Inc. now owns 27,320 shares of the technology company’s stock valued at $4,148,000 after purchasing an additional 10,753 shares during the period. FMR LLC boosted its stake in shares of OSI Systems by 4,891.4% in the third quarter. FMR LLC now owns 644,396 shares of the technology company’s stock worth $97,839,000 after buying an additional 631,486 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in OSI Systems by 44.7% during the third quarter. BNP Paribas Financial Markets now owns 17,710 shares of the technology company’s stock worth $2,689,000 after acquiring an additional 5,468 shares during the period. Glenmede Trust Co. NA raised its position in OSI Systems by 4.6% during the third quarter. Glenmede Trust Co. NA now owns 7,999 shares of the technology company’s stock valued at $1,214,000 after acquiring an additional 354 shares in the last quarter. Finally, Benjamin Edwards Inc. lifted its holdings in OSI Systems by 28.9% in the third quarter. Benjamin Edwards Inc. now owns 2,791 shares of the technology company’s stock valued at $424,000 after acquiring an additional 626 shares during the period. Institutional investors and hedge funds own 89.21% of the company’s stock.

OSI Systems Stock Performance

Shares of NASDAQ OSIS traded up $3.57 during mid-day trading on Wednesday, hitting $198.27. The stock had a trading volume of 156,126 shares, compared to its average volume of 175,794. The firm has a market cap of $3.33 billion, a PE ratio of 25.52, a PEG ratio of 1.81 and a beta of 1.20. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 1.88. The company has a 50 day moving average of $197.63 and a two-hundred day moving average of $172.04. OSI Systems has a twelve month low of $126.57 and a twelve month high of $220.00.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings data on Thursday, January 23rd. The technology company reported $2.42 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.08. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. Research analysts predict that OSI Systems will post 9.22 EPS for the current fiscal year.

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.