OSI Systems (NASDAQ:OSIS) Reaches New 12-Month High – Should You Buy?

OSI Systems, Inc. (NASDAQ:OSIS)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $178.32 and last traded at $177.49, with a volume of 94309 shares. The stock had previously closed at $177.40.

Analysts Set New Price Targets

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

OSI Systems Stock Performance

The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 23.51, a PEG ratio of 1.55 and a beta of 1.18. 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 firm has a fifty day simple moving average of $150.26 and a 200 day simple moving average of $144.90.

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

Insider Buying and Selling

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

Hedge Funds Weigh In On OSI Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OSIS. Price T Rowe Associates Inc. MD grew its holdings in shares of OSI Systems by 4.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,392 shares of the technology company’s stock worth $2,485,000 after buying an additional 697 shares in the last quarter. Tidal Investments LLC acquired a new stake in OSI Systems in the 1st quarter valued at about $921,000. First Hawaiian Bank bought a new position in OSI Systems during the second quarter worth about $389,000. Contravisory Investment Management Inc. acquired a new position in OSI Systems during the second quarter worth approximately $212,000. Finally, Register Financial Advisors LLC lifted its position in shares of OSI Systems by 26.2% in the second quarter. Register Financial Advisors LLC now owns 3,975 shares of the technology company’s stock valued at $547,000 after buying an additional 825 shares during the last quarter. 89.21% of the stock is owned by institutional investors and hedge funds.

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.