OSI Systems (NASDAQ:OSIS) Sees Large Volume Increase – Still a Buy?

OSI Systems, Inc. (NASDAQ:OSIS) shares saw an uptick in trading volume on Tuesday . 318,263 shares were traded during trading, an increase of 145% from the previous session’s volume of 130,131 shares.The stock last traded at $180.85 and had previously closed at $179.71.

Wall Street Analysts Forecast Growth

OSIS has been the topic of a number of research analyst reports. B. Riley raised their target price on shares of OSI Systems from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Bank of America began coverage on shares of OSI Systems in a report on Monday, September 30th. They set a “buy” rating and a $175.00 price objective on the stock. Roth Mkm lifted their target price on OSI Systems from $172.00 to $178.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Wells Fargo & Company boosted their price objective on OSI Systems from $170.00 to $172.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Finally, StockNews.com upgraded shares of OSI Systems from a “sell” rating to a “hold” rating in a research note on Saturday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $173.00.

OSI Systems Stock Up 0.3 %

The company has a market cap of $3.01 billion, a P/E ratio of 23.57, a PEG ratio of 1.53 and a beta of 1.18. The business’s 50 day moving average price is $149.59 and its 200-day moving average price is $144.61. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.84 and a quick ratio of 1.20.

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

Insider Activity

In other OSI Systems news, insider Paul Keith Morben sold 1,107 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $145.04, for a total transaction of $160,559.28. Following the completion of the sale, the insider now directly owns 10,077 shares of the company’s stock, valued at approximately $1,461,568.08. The trade was a 9.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gerald M. Chizever sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $138.41, for a total transaction of $415,230.00. Following the completion of the transaction, the director now directly owns 3,462 shares in the company, valued at $479,175.42. This trade represents a 46.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,107 shares of company stock valued at $6,071,809 over the last three months. 5.20% of the stock is owned by insiders.

Institutional Trading of OSI Systems

Institutional investors and hedge funds have recently made changes to their positions in the business. Quest Partners LLC acquired a new stake in shares of OSI Systems during the second quarter worth $40,000. Innealta Capital LLC bought a new stake in shares of OSI Systems in the 2nd quarter valued at about $82,000. International Assets Investment Management LLC raised its position in shares of OSI Systems by 15,075.0% in the 3rd quarter. International Assets Investment Management LLC now owns 607 shares of the technology company’s stock valued at $92,000 after acquiring an additional 603 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in OSI Systems during the 2nd quarter worth approximately $160,000. Finally, nVerses Capital LLC acquired a new position in OSI Systems during the third quarter valued at approximately $182,000. Institutional investors own 89.21% of the company’s stock.

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.