Manoocher M. Aliabadi Sells 1,728 Shares of OSI Systems, Inc. (NASDAQ:OSIS) Stock

OSI Systems, Inc. (NASDAQ:OSIS - Get Free Report) insider Manoocher M. Aliabadi sold 1,728 shares of the company's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $180.39, for a total transaction of $311,713.92. Following the sale, the insider now directly owns 80,603 shares of the company's stock, valued at $14,539,975.17. The trade was a 2.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

OSI Systems Stock Up 0.7 %

Shares of OSIS stock traded up $1.32 during trading hours on Friday, reaching $181.34. 152,585 shares of the stock were exchanged, compared to its average volume of 239,669. The business's fifty day moving average is $152.39 and its two-hundred day moving average is $145.68. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.84 and a quick ratio of 1.20. OSI Systems, Inc. has a 12-month low of $120.42 and a 12-month high of $183.22. The firm has a market capitalization of $3.03 billion, a P/E ratio of 23.67, a P/E/G ratio of 1.56 and a beta of 1.18.

OSI Systems (NASDAQ:OSIS - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The technology company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.06 by $0.19. The company had revenue of $344.01 million for 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%. The firm's revenue was up 23.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.91 earnings per share. As a group, research analysts expect that OSI Systems, Inc. will post 9.13 EPS for the current fiscal year.

Hedge Funds Weigh In On OSI Systems

Several hedge funds have recently added to or reduced their stakes in OSIS. Quest Partners LLC purchased a new position in shares of OSI Systems during the second quarter worth approximately $40,000. Innealta Capital LLC purchased a new position in shares of OSI Systems during the second quarter worth approximately $82,000. International Assets Investment Management LLC grew 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 acquiring an additional 603 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of OSI Systems during the second quarter worth approximately $160,000. Finally, nVerses Capital LLC acquired a new stake in shares of OSI Systems during the third quarter worth $182,000. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Roth Mkm upped 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. StockNews.com raised shares of OSI Systems from a "sell" rating to a "hold" rating in a research report on Saturday, November 30th. B. Riley upped their target price on shares of OSI Systems from $165.00 to $180.00 and gave the company a "buy" rating in a research report on Friday, August 23rd. Wells Fargo & Company upped their target price on shares of OSI Systems from $170.00 to $172.00 and gave the company an "overweight" rating in a research report on Tuesday, October 29th. Finally, Bank of America began coverage on shares of OSI Systems in a research report on Monday, September 30th. They issued a "buy" rating and a $175.00 target price on the stock. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $173.00.

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.