OSI Systems, Inc. (NASDAQ:OSIS) CFO Sells $443,540.68 in Stock

OSI Systems, Inc. (NASDAQ:OSIS) CFO Alan I. Edrick sold 2,354 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $188.42, for a total transaction of $443,540.68. Following the sale, the chief financial officer now directly owns 312,444 shares of the company’s stock, valued at approximately $58,870,698.48. This represents a 0.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

OSI Systems Stock Performance

NASDAQ OSIS opened at $181.79 on Monday. The stock has a fifty day simple moving average of $156.12 and a 200-day simple moving average of $147.21. 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 market cap of $3.04 billion, a PE ratio of 23.73, a P/E/G ratio of 1.59 and a beta of 1.18. OSI Systems, Inc. has a twelve month low of $120.42 and a twelve month high of $189.13.

OSI Systems (NASDAQ:OSIS) last posted its 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 net margin of 8.31% and a return on equity of 18.17%. The company had revenue of $344.01 million for the quarter, compared to analysts’ expectations of $318.66 million. During the same quarter in the prior year, the company posted $0.91 earnings per share. OSI Systems’s revenue for the quarter was up 23.2% compared to the same quarter last year. Equities analysts anticipate that OSI Systems, Inc. will post 9.13 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company upped their price target on OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Bank of America began coverage on OSI Systems in a report on Monday, September 30th. They issued a “buy” rating and a $175.00 target price for the company. StockNews.com upgraded OSI Systems from a “sell” rating to a “hold” rating in a report on Tuesday, December 10th. Roth Mkm upped their price objective on shares of OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Finally, B. Riley lifted their target price on shares of OSI Systems from $165.00 to $180.00 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 assigned a buy rating to the stock. According to data from MarketBeat.com, OSI Systems has an average rating of “Moderate Buy” and an average target price of $179.00.

Hedge Funds Weigh In On OSI Systems

A number of hedge funds have recently made changes to their positions in the stock. Janus Henderson Group PLC lifted its stake in OSI Systems by 2.5% during the third quarter. Janus Henderson Group PLC now owns 1,209,168 shares of the technology company’s stock worth $183,589,000 after purchasing an additional 29,858 shares in the last quarter. State Street Corp raised its holdings in shares of OSI Systems by 0.9% in the 3rd quarter. State Street Corp now owns 727,690 shares of the technology company’s stock valued at $110,485,000 after buying an additional 6,514 shares during the period. FMR LLC lifted its stake in OSI Systems by 4,891.4% during the 3rd quarter. FMR LLC now owns 644,396 shares of the technology company’s stock worth $97,839,000 after acquiring an additional 631,486 shares in the last quarter. Geode Capital Management LLC lifted its stake in OSI Systems by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 380,092 shares of the technology company’s stock worth $57,720,000 after acquiring an additional 5,718 shares in the last quarter. Finally, Hood River Capital Management LLC boosted its holdings in OSI Systems by 10.6% during the 2nd quarter. Hood River Capital Management LLC now owns 316,788 shares of the technology company’s stock valued at $43,565,000 after acquiring an additional 30,464 shares during the period. Hedge funds and other 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.