Shares of OSI Systems, Inc. (NASDAQ:OSIS - Get Free Report) dropped 5.1% on Wednesday . The company traded as low as $184.92 and last traded at $181.81. Approximately 232,869 shares changed hands during trading, an increase of 8% from the average daily volume of 215,298 shares. The stock had previously closed at $191.68.
Analyst Ratings Changes
OSIS has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. initiated coverage on OSI Systems in a report on Friday, February 21st. They set a "neutral" rating and a $225.00 price target for the company. Wells Fargo & Company raised their price target on OSI Systems from $172.00 to $202.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. Roth Mkm raised their price target on OSI Systems from $178.00 to $224.00 and gave the company a "buy" rating in a report on Friday, January 24th. Oppenheimer lifted their target price on OSI Systems from $205.00 to $225.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. Finally, StockNews.com cut OSI Systems from a "hold" rating to a "sell" rating in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $212.00.
View Our Latest Research Report on OSIS
OSI Systems Price Performance
The company has a 50 day moving average price of $187.90 and a 200 day moving average price of $166.37. The company has a market capitalization of $3.07 billion, a price-to-earnings ratio of 23.51, a PEG ratio of 1.81 and a beta of 1.20. The company has a current ratio of 1.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.56.
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 (EPS) for the quarter, topping the consensus estimate 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 research analysts forecast that OSI Systems, Inc. will post 9.22 earnings per share for the current year.
Insider Transactions at OSI Systems
In other news, 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 transaction, the insider now directly owns 10,077 shares in the company, valued at $2,008,950.72. This trade represents a 1.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Alan I. Edrick sold 2,354 shares of the firm's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $188.42, for a total value of $443,540.68. Following the completion of the transaction, the chief financial officer now owns 312,444 shares in the company, valued at $58,870,698.48. This represents a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,719 shares of company stock worth $5,208,248 in the last three months. Insiders own 5.20% of the company's stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC lifted its holdings in OSI Systems by 1.8% during the fourth quarter. Janus Henderson Group PLC now owns 1,230,805 shares of the technology company's stock worth $206,072,000 after acquiring an additional 21,637 shares in the last quarter. FMR LLC lifted its holdings in OSI Systems by 31.6% during the fourth quarter. FMR LLC now owns 847,907 shares of the technology company's stock worth $141,965,000 after acquiring an additional 203,511 shares in the last quarter. State Street Corp lifted its holdings in OSI Systems by 0.9% during the third quarter. State Street Corp now owns 727,690 shares of the technology company's stock worth $110,485,000 after acquiring an additional 6,514 shares in the last quarter. Capital International Investors bought a new position in OSI Systems during the fourth quarter worth about $97,258,000. Finally, Geode Capital Management LLC lifted its holdings in OSI Systems by 1.5% during the third quarter. Geode Capital Management LLC now owns 380,092 shares of the technology company's stock worth $57,720,000 after acquiring an additional 5,718 shares in the last quarter. 89.21% of the stock is currently 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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