OSI Systems, Inc. (NASDAQ:OSIS) CFO Sells $443,540.68 in Stock

OSI Systems, Inc. (NASDAQ:OSIS) CFO Alan I. Edrick sold 2,354 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 312,444 shares of the company’s stock, valued at $58,870,698.48. This represents a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

OSI Systems Stock Performance

Shares of NASDAQ:OSIS traded down $5.96 during midday trading on Friday, reaching $181.79. The company had a trading volume of 299,295 shares, compared to its average volume of 134,710. OSI Systems, Inc. has a 52-week low of $120.42 and a 52-week high of $189.13. The company’s 50 day moving average price is $155.39 and its 200 day moving average price is $146.89. The company has a current ratio of 1.84, a quick ratio of 1.20 and a debt-to-equity ratio of 0.60. The stock has a market cap of $3.04 billion, a P/E ratio of 23.86, a P/E/G ratio of 1.59 and a beta of 1.18.

OSI Systems (NASDAQ:OSIS) last released its earnings results on Thursday, October 24th. The technology company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.19. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. The firm had revenue of $344.01 million for the quarter, compared to analysts’ expectations of $318.66 million. During the same period in the previous year, the company earned $0.91 earnings per share. The company’s quarterly revenue was up 23.2% on a year-over-year basis. As a group, sell-side analysts anticipate that OSI Systems, Inc. will post 9.13 EPS for the current fiscal year.

Institutional Trading of OSI Systems

Large investors have recently bought and sold shares of the company. FMR LLC lifted its position in shares of OSI Systems by 4,891.4% during the 3rd quarter. FMR LLC now owns 644,396 shares of the technology company’s stock valued at $97,839,000 after buying an additional 631,486 shares during the last quarter. World Investment Advisors LLC purchased a new stake in OSI Systems during the third quarter valued at about $16,713,000. Victory Capital Management Inc. boosted its position in OSI Systems by 713.1% during the second quarter. Victory Capital Management Inc. now owns 97,951 shares of the technology company’s stock worth $13,470,000 after purchasing an additional 85,904 shares during the period. Great Lakes Advisors LLC purchased a new position in shares of OSI Systems in the second quarter worth about $5,208,000. Finally, Edgestream Partners L.P. bought a new stake in shares of OSI Systems in the third quarter valued at approximately $5,061,000. 89.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Roth Mkm increased their price target on OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Bank of America began coverage on shares of OSI Systems in a report on Monday, September 30th. They issued a “buy” rating and a $175.00 target price for the company. Wells Fargo & Company raised their price target on shares of OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a research report on Wednesday. StockNews.com raised shares of OSI Systems from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, B. Riley lifted their target price on shares of OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $179.00.

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.