OSI Systems (NASDAQ:OSIS) Reaches New 52-Week High at $146.03

Shares of OSI Systems, Inc. (NASDAQ:OSIS) reached a new 52-week high during trading on Friday . The company traded as high as $146.03 and last traded at $145.68, with a volume of 6338 shares. The stock had previously closed at $142.36.

Analysts Set New Price Targets

OSIS has been the topic of a number of research analyst reports. StockNews.com cut OSI Systems from a “buy” rating to a “hold” rating in a report on Saturday, April 27th. Roth Mkm lifted their price objective on OSI Systems from $169.00 to $172.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Finally, Oppenheimer boosted their target price on OSI Systems from $157.00 to $160.00 and gave the stock an “outperform” rating in a report on Monday, April 29th.

OSI Systems Trading Up 1.1 %

The business’s 50-day moving average is $138.03 and its two-hundred day moving average is $134.66. The company has a current ratio of 1.47, a quick ratio of 0.89 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $2.45 billion, a PE ratio of 19.58, a PEG ratio of 1.46 and a beta of 1.09.

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

Insider Transactions at OSI Systems

In other news, insider Paul Keith Morben sold 310 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $133.02, for a total transaction of $41,236.20. Following the completion of the transaction, the insider now directly owns 8,834 shares in the company, valued at approximately $1,175,098.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Paul Keith Morben sold 310 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $133.02, for a total transaction of $41,236.20. Following the transaction, the insider now directly owns 8,834 shares in the company, valued at $1,175,098.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William Francis Ballhaus, Jr. sold 675 shares of the stock in a transaction 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 sale, the director now directly owns 25,907 shares in the company, valued at $3,471,019.86. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 99,281 shares of company stock valued at $14,011,624. 5.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On OSI Systems

Several hedge funds and other institutional investors have recently made changes to their positions in OSIS. West Paces Advisors Inc. bought a new stake in shares of OSI Systems during the 1st quarter worth about $28,000. Global Retirement Partners LLC raised its holdings in OSI Systems by 1,021.1% during the first quarter. Global Retirement Partners LLC now owns 213 shares of the technology company’s stock worth $30,000 after purchasing an additional 194 shares in the last quarter. Quest Partners LLC bought a new stake in OSI Systems during the fourth quarter worth approximately $53,000. Cape Investment Advisory Inc. acquired a new stake in OSI Systems in the first quarter worth approximately $63,000. Finally, International Assets Investment Management LLC boosted its stake in OSI Systems by 3,585.7% during the 4th quarter. International Assets Investment Management LLC now owns 516 shares of the technology company’s stock valued at $67,000 after purchasing an additional 502 shares in the last quarter. 89.21% of the stock is currently owned by institutional investors and hedge funds.

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.