OSI Systems (NASDAQ:OSIS) Sets New 1-Year High – Here’s Why

OSI Systems, Inc. (NASDAQ:OSIS) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $200.32 and last traded at $198.96, with a volume of 9848 shares. The stock had previously closed at $196.94.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company boosted their target price on OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. StockNews.com raised OSI Systems from a “sell” rating to a “hold” rating in a report on Tuesday, December 10th. Roth Mkm raised their target price on OSI Systems from $178.00 to $224.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Oppenheimer raised their price objective on OSI Systems from $205.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Finally, B. Riley lifted their price target 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. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $209.40.

OSI Systems Stock Down 0.1 %

The firm’s 50-day moving average is $174.41 and its 200 day moving average is $155.21. The firm has a market capitalization of $3.29 billion, a PE ratio of 25.69, a price-to-earnings-growth ratio of 1.44 and a beta of 1.19. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.20 and a current ratio of 1.84.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.08. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. As a group, research analysts forecast that OSI Systems, Inc. will post 9.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other OSI Systems news, Director Gerald M. Chizever sold 2,000 shares of OSI Systems stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $148.16, for a total value of $296,320.00. Following the transaction, the director now directly owns 7,701 shares of the company’s stock, valued at $1,140,980.16. The trade was a 20.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Deepak Chopra sold 15,000 shares of OSI Systems stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $153.42, for a total value of $2,301,300.00. Following the completion of the transaction, the chief executive officer now directly owns 424,323 shares in the company, valued at approximately $65,099,634.66. This represents a 3.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 46,292 shares of company stock valued at $8,086,682 over the last three months. Company insiders own 5.20% of the company’s stock.

Hedge Funds Weigh In On OSI Systems

Several large investors have recently made changes to their positions in OSIS. Richardson Financial Services Inc. raised its position in shares of OSI Systems by 65.6% during the fourth quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock worth $26,000 after purchasing an additional 61 shares during the period. International Assets Investment Management LLC grew its position in OSI Systems by 15,075.0% during the 3rd quarter. International Assets Investment Management LLC now owns 607 shares of the technology company’s stock worth $92,000 after acquiring an additional 603 shares during the last quarter. KBC Group NV grew its position in OSI Systems by 37.1% during the 4th quarter. KBC Group NV now owns 699 shares of the technology company’s stock worth $117,000 after acquiring an additional 189 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of OSI Systems in the 3rd quarter valued at about $182,000. Finally, Longboard Asset Management LP acquired a new position in shares of OSI Systems in the 4th quarter valued at about $202,000. Institutional investors and hedge funds 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.