Short Interest in OSI Systems, Inc. (NASDAQ:OSIS) Grows By 27.4%

OSI Systems, Inc. (NASDAQ:OSIS - Get Free Report) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 2,420,000 shares, an increase of 27.4% from the February 28th total of 1,900,000 shares. Approximately 15.4% of the company's shares are sold short. Based on an average daily trading volume, of 251,000 shares, the short-interest ratio is currently 9.6 days.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. B. Riley upped their price target on shares of OSI Systems from $180.00 to $221.00 and gave the company a "buy" rating in a report on Friday, January 24th. Roth Mkm increased their target price on OSI Systems from $178.00 to $224.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Wells Fargo & Company boosted 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. Oppenheimer upped their price objective on OSI Systems from $205.00 to $225.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. Finally, JPMorgan Chase & Co. initiated coverage on OSI Systems in a research report on Friday, February 21st. They issued a "neutral" rating and a $225.00 target price on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $212.00.

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Insider Activity at OSI Systems

In other news, insider Paul Keith Morben sold 155 shares of OSI Systems stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $199.36, for a total transaction of $30,900.80. Following the transaction, the insider now owns 10,077 shares in the company, valued at $2,008,950.72. The trade was a 1.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gerald M. Chizever sold 2,701 shares of the business's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $195.83, for a total value of $528,936.83. Following the completion of the transaction, the director now owns 5,000 shares of the company's stock, valued at $979,150. This represents a 35.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On OSI Systems

Several hedge funds have recently bought and sold shares of OSIS. Citigroup Inc. raised its stake in OSI Systems by 64.9% in the third quarter. Citigroup Inc. now owns 27,320 shares of the technology company's stock valued at $4,148,000 after buying an additional 10,753 shares during the period. FMR LLC raised its stake in OSI Systems by 4,891.4% in the 3rd quarter. FMR LLC now owns 644,396 shares of the technology company's stock valued at $97,839,000 after acquiring an additional 631,486 shares during the period. BNP Paribas Financial Markets lifted its holdings in OSI Systems by 44.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 17,710 shares of the technology company's stock valued at $2,689,000 after purchasing an additional 5,468 shares during the last quarter. Glenmede Trust Co. NA boosted its position in OSI Systems by 4.6% during the third quarter. Glenmede Trust Co. NA now owns 7,999 shares of the technology company's stock worth $1,214,000 after purchasing an additional 354 shares during the period. Finally, Benjamin Edwards Inc. boosted its position in OSI Systems by 28.9% during the third quarter. Benjamin Edwards Inc. now owns 2,791 shares of the technology company's stock worth $424,000 after purchasing an additional 626 shares during the period. 89.21% of the stock is currently owned by institutional investors and hedge funds.

OSI Systems Stock Down 3.2 %

OSIS stock traded down $5.85 during mid-day trading on Friday, reaching $174.46. The company had a trading volume of 358,210 shares, compared to its average volume of 178,425. OSI Systems has a 52 week low of $126.57 and a 52 week high of $220.00. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 22.45, a PEG ratio of 1.81 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 has a 50 day simple moving average of $197.46 and a two-hundred day simple moving average of $172.68.

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 for the quarter, topping analysts' consensus estimates of $2.34 by $0.08. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. As a group, equities analysts predict that OSI Systems will post 9.22 earnings per share for the current fiscal year.

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.