OSI Systems, Inc. (NASDAQ:OSIS) Insider Sells $451,670.18 in Stock

OSI Systems, Inc. (NASDAQ:OSIS) insider Manoocher M. Aliabadi sold 2,509 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $180.02, for a total value of $451,670.18. Following the transaction, the insider now owns 78,094 shares in the company, valued at $14,058,481.88. The trade was a 3.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

OSI Systems Price Performance

Shares of OSIS traded down $5.96 during mid-day trading on Friday, reaching $181.79. 299,295 shares of the company’s stock were exchanged, compared to its average volume of 134,710. OSI Systems, Inc. has a 52-week low of $120.42 and a 52-week high of $189.13. The company has a quick ratio of 1.20, a current ratio of 1.84 and a debt-to-equity ratio of 0.60. The company has a 50-day simple moving average of $155.39 and a two-hundred day simple moving average of $146.89. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 23.86, a PEG ratio of 1.59 and a beta of 1.18.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings results on Thursday, October 24th. The technology company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.19. The company had revenue of $344.01 million during the quarter, compared to analysts’ expectations of $318.66 million. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. The business’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.91 earnings per share. On average, sell-side analysts predict that OSI Systems, Inc. will post 9.13 EPS for the current fiscal year.

Institutional Investors Weigh In On OSI Systems

Several hedge funds have recently modified their holdings of OSIS. Quest Partners LLC acquired a new stake in shares of OSI Systems during the second quarter worth $40,000. Innealta Capital LLC purchased a new position in OSI Systems during the second quarter worth about $82,000. International Assets Investment Management LLC lifted its position in OSI Systems by 15,075.0% during the third quarter. International Assets Investment Management LLC now owns 607 shares of the technology company’s stock worth $92,000 after buying an additional 603 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in OSI Systems in the 2nd quarter worth about $160,000. Finally, nVerses Capital LLC purchased a new stake in OSI Systems in the 3rd quarter valued at about $182,000. 89.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on OSIS shares. B. Riley raised their target price on OSI Systems from $165.00 to $180.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Wells Fargo & Company raised their price objective on shares of OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a research note on Wednesday. Roth Mkm upped their target price on shares of OSI Systems from $172.00 to $178.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Bank of America assumed coverage on shares of OSI Systems in a research report on Monday, September 30th. They set a “buy” rating and a $175.00 price target for the company. Finally, StockNews.com upgraded OSI Systems from a “sell” rating to a “hold” rating in a report on Tuesday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $179.00.

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.