OSI Systems, Inc. (NASDAQ:OSIS - Get Free Report) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $209.40 and last traded at $206.42, with a volume of 206799 shares trading hands. The stock had previously closed at $207.07.
Analysts Set New Price Targets
A number of research analysts have commented on the company. Wells Fargo & Company increased their price objective on OSI Systems from $172.00 to $202.00 and gave the company an "overweight" rating in a research report on Wednesday, December 11th. StockNews.com upgraded OSI Systems from a "sell" rating to a "hold" rating in a research report on Tuesday, December 10th. Oppenheimer increased their price objective on OSI Systems from $205.00 to $225.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. B. Riley increased their price objective on OSI Systems from $180.00 to $221.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Finally, Roth Mkm increased their price objective on OSI Systems from $178.00 to $224.00 and gave the company a "buy" rating in a research report on Friday, January 24th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, OSI Systems has an average rating of "Moderate Buy" and a consensus price target of $209.40.
Get Our Latest Analysis on OSIS
OSI Systems Stock Performance
The stock has a 50 day moving average price of $180.85 and a two-hundred day moving average price of $159.39. The company has a current ratio of 1.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.56. The company has a market cap of $3.56 billion, a price-to-earnings ratio of 27.24, a P/E/G ratio of 1.74 and a beta of 1.19.
OSI Systems (NASDAQ:OSIS - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share for the quarter, beating 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%. Analysts predict that OSI Systems, Inc. will post 9.22 EPS for the current year.
Insider Buying and Selling
In related news, insider Manoocher M. Aliabadi sold 2,509 shares of the firm's stock in a transaction 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 sale, the insider now owns 78,094 shares of the company's stock, valued at approximately $14,058,481.88. This trade represents a 3.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Paul Keith Morben sold 155 shares of the firm's stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $199.36, for a total value of $30,900.80. Following the sale, the insider now directly owns 10,077 shares in the company, valued at $2,008,950.72. The trade was a 1.51 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,447 shares of company stock valued at $5,519,962. 5.20% of the stock is owned by company insiders.
Institutional Trading of OSI Systems
Hedge funds have recently added to or reduced their stakes in the business. State Street Corp raised its stake in OSI Systems by 0.9% during the 3rd quarter. State Street Corp now owns 727,690 shares of the technology company's stock worth $110,485,000 after buying an additional 6,514 shares during the period. Park Avenue Securities LLC increased its holdings in OSI Systems by 36.0% during the 4th quarter. Park Avenue Securities LLC now owns 6,275 shares of the technology company's stock worth $1,051,000 after purchasing an additional 1,660 shares in the last quarter. Victory Capital Management Inc. increased its holdings in OSI Systems by 25.8% during the 3rd quarter. Victory Capital Management Inc. now owns 123,213 shares of the technology company's stock worth $18,707,000 after purchasing an additional 25,262 shares in the last quarter. HighTower Advisors LLC bought a new position in OSI Systems during the 3rd quarter worth about $443,000. Finally, Citigroup Inc. increased its holdings in OSI Systems by 64.9% during the 3rd quarter. Citigroup Inc. now owns 27,320 shares of the technology company's stock worth $4,148,000 after purchasing an additional 10,753 shares in the last quarter. Institutional investors and hedge funds own 89.21% of the company's stock.
OSI Systems Company Profile
(
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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