OSI Systems (NASDAQ:OSIS) Shares Gap Down – Time to Sell?

Shares of OSI Systems, Inc. (NASDAQ:OSIS) gapped down prior to trading on Thursday . The stock had previously closed at $181.66, but opened at $170.69. OSI Systems shares last traded at $163.23, with a volume of 162,949 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Roth Mkm boosted their price objective on shares of OSI Systems from $178.00 to $224.00 and gave the company a “buy” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. initiated coverage on OSI Systems in a report on Friday, February 21st. They set a “neutral” rating and a $225.00 price objective on the stock. B. Riley upped their target price on OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Wells Fargo & Company lifted their price target on OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Finally, StockNews.com cut OSI Systems from a “hold” rating to a “sell” rating in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $212.00.

OSI Systems Trading Down 5.8 %

The business’s 50 day moving average price is $188.71 and its two-hundred day moving average price is $166.88. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of 22.06, a price-to-earnings-growth ratio of 1.81 and a beta of 1.20. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 1.88.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings data on Thursday, January 23rd. The technology company reported $2.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.34 by $0.08. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. Equities analysts forecast that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Manoocher M. Aliabadi sold 2,509 shares of OSI Systems stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $180.02, for a total transaction of $451,670.18. Following the transaction, the insider now owns 78,094 shares of the company’s stock, valued at $14,058,481.88. This trade represents a 3.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gerald M. Chizever sold 2,701 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $195.83, for a total value of $528,936.83. Following the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $979,150. This trade represents a 35.07 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 5,365 shares of company stock valued at $1,011,508. Company insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of OSIS. FMR LLC lifted its stake in OSI Systems by 4,891.4% in the 3rd quarter. FMR LLC now owns 644,396 shares of the technology company’s stock valued at $97,839,000 after purchasing an additional 631,486 shares during the last quarter. Capital International Investors bought a new stake in OSI Systems in the fourth quarter valued at approximately $97,258,000. Mawer Investment Management Ltd. acquired a new stake in shares of OSI Systems in the fourth quarter valued at approximately $63,171,000. Brown Advisory Inc. bought a new position in shares of OSI Systems during the 4th quarter worth approximately $45,618,000. Finally, World Investment Advisors LLC bought a new position in shares of OSI Systems during the 3rd quarter worth approximately $16,713,000. Institutional investors own 89.21% of the company’s stock.

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.