OSI Systems, Inc. (NASDAQ:OSIS - Get Free Report) CFO Alan I. Edrick sold 2,354 shares of the firm's stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $188.42, for a total transaction of $443,540.68. Following the transaction, the chief financial officer now directly owns 312,444 shares of the company's stock, valued at $58,870,698.48. The trade was a 0.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
OSI Systems Trading Down 3.2 %
OSIS stock traded down $5.96 during mid-day trading on Friday, reaching $181.79. The company's stock had a trading volume of 299,295 shares, compared to its average volume of 134,710. OSI Systems, Inc. has a 12 month low of $120.42 and a 12 month high of $189.13. 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 business's 50 day moving average price is $155.39 and its 200 day moving average price is $146.89. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 23.86, a price-to-earnings-growth ratio of 1.59 and a beta of 1.18.
OSI Systems (NASDAQ:OSIS - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The technology company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.19. The company had revenue of $344.01 million during the quarter, compared to analyst estimates of $318.66 million. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. OSI Systems's revenue for the quarter was up 23.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.91 EPS. On average, equities research analysts predict that OSI Systems, Inc. will post 9.13 EPS for the current year.
Analyst Ratings Changes
OSIS has been the subject of a number of recent research reports. Bank of America began 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. StockNews.com raised OSI Systems from a "sell" rating to a "hold" rating in a research note on Tuesday. Wells Fargo & Company lifted their price objective on OSI Systems from $172.00 to $202.00 and gave the stock an "overweight" rating in a research note on Wednesday. Roth Mkm increased their target price on shares of OSI Systems from $172.00 to $178.00 and gave the company a "buy" rating in a research report on Friday, August 23rd. Finally, B. Riley raised their price target on shares of OSI Systems from $165.00 to $180.00 and gave the stock a "buy" rating in a report on Friday, August 23rd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, OSI Systems has an average rating of "Moderate Buy" and an average target price of $179.00.
View Our Latest Stock Analysis on OSI Systems
Hedge Funds Weigh In On OSI Systems
Institutional investors and hedge funds have recently made changes to their positions in the stock. Quest Partners LLC bought a new stake in OSI Systems in the 2nd quarter valued at about $40,000. Innealta Capital LLC bought a new stake in shares of OSI Systems during the second quarter valued at approximately $82,000. International Assets Investment Management LLC raised its position in shares of 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 purchasing an additional 603 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in shares of OSI Systems in the 2nd quarter worth $160,000. Finally, nVerses Capital LLC acquired a new stake in OSI Systems in the 3rd quarter valued at $182,000. Institutional investors own 89.21% of the company's stock.
About OSI Systems
(
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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.
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