OSI Systems (NASDAQ:OSIS) Shares Gap Up - What's Next?

OSI Systems, Inc. (NASDAQ:OSIS - Get Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $142.15, but opened at $152.15. OSI Systems shares last traded at $146.07, with a volume of 43,821 shares.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on OSIS. Wells Fargo & Company assumed coverage on OSI Systems in a research report on Wednesday, September 18th. They issued an "overweight" rating and a $170.00 price target for the company. Bank of America assumed coverage on OSI Systems in a report on Monday, September 30th. They issued a "buy" rating and a $175.00 price objective for the company. Roth Mkm boosted their price target on shares of OSI Systems from $172.00 to $178.00 and gave the stock a "buy" rating in a research note 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 given a buy rating to the company. Based on data from MarketBeat, OSI Systems has an average rating of "Moderate Buy" and a consensus price target of $172.60.

OSI Systems Price Performance

The stock has a market cap of $2.35 billion, a P/E ratio of 20.37, a price-to-earnings-growth ratio of 1.37 and a beta of 1.08. The firm has a 50-day moving average price of $145.54 and a 200-day moving average price of $141.52. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.00 and a current ratio of 1.49.

OSI Systems (NASDAQ:OSIS - Get Free Report) last issued its earnings results on Thursday, August 22nd. The technology company reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.79 by $0.05. OSI Systems had a net margin of 8.33% and a return on equity of 17.80%. The firm had revenue of $480.91 million for the quarter, compared to the consensus estimate of $467.24 million. During the same quarter in the prior year, the firm posted $2.66 earnings per share. The business's revenue was up 16.8% on a year-over-year basis. On average, analysts forecast that OSI Systems, Inc. will post 8.98 earnings per share for the current fiscal year.

Insider Transactions at OSI Systems

In related news, CEO Deepak Chopra sold 20,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $144.92, for a total value of $2,898,400.00. Following the completion of the sale, the chief executive officer now directly owns 459,033 shares of the company's stock, valued at approximately $66,523,062.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Deepak Chopra sold 20,000 shares of the firm's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $144.92, for a total value of $2,898,400.00. Following the completion of the transaction, the chief executive officer now directly owns 459,033 shares of the company's stock, valued at approximately $66,523,062.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul Keith Morben sold 1,107 shares of OSI Systems 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 transaction, the insider now directly owns 10,077 shares of the company's stock, valued at $1,461,568.08. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,107 shares of company stock worth $3,474,189 in the last ninety days. Insiders own 5.60% of the company's stock.

Institutional Investors Weigh In On OSI Systems

A number of large investors have recently modified their holdings of OSIS. Vanguard Group Inc. boosted its position in OSI Systems by 5.4% in the fourth quarter. Vanguard Group Inc. now owns 2,097,875 shares of the technology company's stock valued at $270,731,000 after buying an additional 107,383 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in OSI Systems by 1.6% during the first quarter. Janus Henderson Group PLC now owns 1,249,889 shares of the technology company's stock valued at $178,508,000 after purchasing an additional 19,683 shares in the last quarter. Hood River Capital Management LLC increased its stake 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 worth $43,565,000 after buying an additional 30,464 shares in the last quarter. Bank of New York Mellon Corp raised its stake in OSI Systems by 1.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 127,544 shares of the technology company's stock valued at $17,540,000 after purchasing an additional 1,747 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of OSI Systems by 713.1% in the second quarter. Victory Capital Management Inc. now owns 97,951 shares of the technology company's stock valued at $13,470,000 after buying an additional 85,904 shares during the last quarter. Hedge funds and other 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.