Shares of OSI Systems, Inc. (NASDAQ:OSIS - Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as $201.75 and last traded at $201.58, with a volume of 33189 shares traded. The stock had previously closed at $199.41.
Analysts Set New Price Targets
OSIS has been the topic of several research analyst reports. Roth Mkm raised their price objective on shares of OSI Systems from $178.00 to $224.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Wells Fargo & Company raised their price target on shares of OSI Systems from $172.00 to $202.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 11th. Oppenheimer boosted their price objective on shares of OSI Systems from $205.00 to $225.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. StockNews.com upgraded shares of OSI Systems from a "sell" rating to a "hold" rating in a research note on Tuesday, December 10th. Finally, B. Riley boosted their price target on OSI Systems from $180.00 to $221.00 and gave the company a "buy" rating in a research note on Friday, January 24th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $209.40.
Read Our Latest Report on OSI Systems
OSI Systems Stock Performance
The firm has a market cap of $3.48 billion, a P/E ratio of 26.65, a PEG ratio of 1.74 and a beta of 1.19. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.88 and a quick ratio of 1.25. The stock's 50 day moving average is $178.57 and its two-hundred day moving average is $157.78.
OSI Systems (NASDAQ:OSIS - Get Free Report) last issued its earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.34 by $0.08. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. As a group, equities analysts predict that OSI Systems, Inc. will post 9.22 EPS for the current year.
Insider Activity
In other news, CEO Deepak Chopra sold 15,000 shares of the business's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $153.42, for a total value of $2,301,300.00. Following the transaction, the chief executive officer now directly owns 424,323 shares of the company's stock, valued at $65,099,634.66. The trade was a 3.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Manoocher M. Aliabadi sold 1,728 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $180.39, for a total value of $311,713.92. Following the sale, the insider now owns 80,603 shares in the company, valued at approximately $14,539,975.17. This trade represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 44,447 shares of company stock worth $7,821,262. Corporate insiders own 5.20% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in OSIS. Janus Henderson Group PLC raised its stake in shares of OSI Systems by 2.5% in the third quarter. Janus Henderson Group PLC now owns 1,209,168 shares of the technology company's stock worth $183,589,000 after acquiring an additional 29,858 shares during the last quarter. State Street Corp increased its holdings in shares of OSI Systems by 0.9% in the third quarter. State Street Corp now owns 727,690 shares of the technology company's stock valued at $110,485,000 after purchasing an additional 6,514 shares in the last quarter. FMR LLC raised its position in OSI Systems by 4,891.4% in the 3rd quarter. FMR LLC now owns 644,396 shares of the technology company's stock worth $97,839,000 after purchasing an additional 631,486 shares during the last quarter. Geode Capital Management LLC lifted its holdings in OSI Systems by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 380,092 shares of the technology company's stock worth $57,720,000 after buying an additional 5,718 shares in the last quarter. Finally, Primecap Management Co. CA boosted its position in OSI Systems by 4.9% in the 3rd quarter. Primecap Management Co. CA now owns 294,500 shares of the technology company's stock valued at $44,714,000 after buying an additional 13,880 shares during the last quarter. 89.21% of the stock is owned by institutional investors.
About OSI Systems
(
Get Free Report)
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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