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

OSI Systems, Inc. (NASDAQ:OSIS) insider Manoocher M. Aliabadi sold 2,509 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $180.02, for a total transaction of $451,670.18. Following the transaction, the insider now owns 78,094 shares of the company’s stock, valued at approximately $14,058,481.88. This represents a 3.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

OSI Systems Stock Performance

Shares of OSIS opened at $181.79 on Friday. OSI Systems, Inc. has a 12 month low of $120.42 and a 12 month high of $189.13. The firm has a fifty day simple moving average of $155.39 and a 200 day simple moving average of $146.89. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 1.59 and a beta of 1.18. The company has a current ratio of 1.84, a quick ratio of 1.20 and a debt-to-equity ratio of 0.60.

OSI Systems (NASDAQ:OSIS) last announced its earnings results on Thursday, October 24th. The technology company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.06 by $0.19. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. The business had revenue of $344.01 million during the quarter, compared to analysts’ expectations of $318.66 million. During the same quarter in the prior year, the company posted $0.91 earnings per share. The firm’s revenue was up 23.2% on a year-over-year basis. Research analysts forecast that OSI Systems, Inc. will post 9.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on OSIS. B. Riley boosted their price objective 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. Wells Fargo & Company boosted their price objective on shares of OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a report on Wednesday. Roth Mkm upped their price target on shares of OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a report on Friday, August 23rd. StockNews.com upgraded shares of OSI Systems from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Bank of America initiated coverage on shares of OSI Systems in a report on Monday, September 30th. They issued a “buy” rating and a $175.00 price target for the company. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $179.00.

Institutional Trading of OSI Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Arizona State Retirement System raised its position in OSI Systems by 2.2% during the second quarter. Arizona State Retirement System now owns 4,532 shares of the technology company’s stock worth $623,000 after acquiring an additional 97 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of OSI Systems by 1.3% in the second quarter. Louisiana State Employees Retirement System now owns 7,900 shares of the technology company’s stock valued at $1,086,000 after purchasing an additional 100 shares during the period. Orion Portfolio Solutions LLC raised its position in shares of OSI Systems by 3.3% in the third quarter. Orion Portfolio Solutions LLC now owns 3,301 shares of the technology company’s stock valued at $501,000 after purchasing an additional 106 shares during the period. US Bancorp DE raised its position in shares of OSI Systems by 4.8% in the third quarter. US Bancorp DE now owns 2,418 shares of the technology company’s stock valued at $367,000 after purchasing an additional 111 shares during the period. Finally, Inspire Investing LLC raised its position in shares of OSI Systems by 7.9% in the third 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 period. 89.21% of the stock is owned by institutional investors.

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.