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

OSI Systems, Inc. (NASDAQ:OSIS - Get Free Report) insider Manoocher M. Aliabadi sold 2,509 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $180.02, for a total transaction of $451,670.18. Following the transaction, the insider now directly owns 78,094 shares of the company's stock, 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 Stock Down 3.2 %

OSIS stock traded down $5.96 during midday trading on Friday, reaching $181.79. 299,295 shares of the company were exchanged, compared to its average volume of 134,710. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.20 and a current ratio of 1.84. The stock's 50-day simple moving average is $155.39 and its 200 day simple moving average 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, Inc. has a 1-year low of $120.42 and a 1-year high of $189.13.

OSI Systems (NASDAQ:OSIS - Get Free Report) last announced its earnings results on Thursday, October 24th. The technology company reported $1.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.19. The firm 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 was up 23.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.91 EPS. On average, equities analysts forecast that OSI Systems, Inc. will post 9.13 earnings per share for the current year.

Wall Street Analyst Weigh In

OSIS has been the topic of a number of research reports. Wells Fargo & Company increased their target price on shares of OSI Systems from $172.00 to $202.00 and gave the stock an "overweight" rating in a report on Wednesday. Bank of America began coverage on OSI Systems in a research note on Monday, September 30th. They issued a "buy" rating and a $175.00 price objective on the stock. StockNews.com raised OSI Systems from a "sell" rating to a "hold" rating in a research note on Tuesday. Roth Mkm boosted their price objective on OSI Systems from $172.00 to $178.00 and gave the stock a "buy" rating in a research report on Friday, August 23rd. Finally, B. Riley raised their target price on shares of OSI Systems from $165.00 to $180.00 and gave the company a "buy" rating in a report on Friday, August 23rd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $179.00.

Institutional Trading of OSI Systems

Several institutional investors and hedge funds have recently bought and sold shares of the business. Arizona State Retirement System grew its position in OSI Systems by 2.2% during the 2nd quarter. Arizona State Retirement System now owns 4,532 shares of the technology company's stock worth $623,000 after purchasing an additional 97 shares during the last quarter. Louisiana State Employees Retirement System increased its position in OSI Systems by 1.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 7,900 shares of the technology company's stock valued at $1,086,000 after acquiring an additional 100 shares during the period. Orion Portfolio Solutions LLC raised its stake in OSI Systems by 3.3% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 3,301 shares of the technology company's stock valued at $501,000 after acquiring an additional 106 shares during the last quarter. US Bancorp DE lifted its position in OSI Systems by 4.8% during the 3rd quarter. US Bancorp DE now owns 2,418 shares of the technology company's stock worth $367,000 after acquiring an additional 111 shares during the period. Finally, Inspire Investing LLC grew its stake in shares of OSI Systems by 7.9% in the 3rd quarter. Inspire Investing LLC now owns 2,741 shares of the technology company's stock valued at $416,000 after purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 89.21% of the company's stock.

OSI Systems Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.