OSI Systems, Inc. (NASDAQ:OSIS) Insider Sells $41,236.20 in Stock

OSI Systems, Inc. (NASDAQ:OSIS) insider Paul Keith Morben sold 310 shares of the company’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $133.02, for a total value of $41,236.20. Following the transaction, the insider now directly owns 8,834 shares in the company, valued at approximately $1,175,098.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

OSI Systems Stock Performance

Shares of NASDAQ:OSIS opened at $135.56 on Friday. The business has a 50-day moving average of $135.85 and a two-hundred day moving average of $127.91. The firm has a market capitalization of $2.31 billion, a PE ratio of 18.65, a P/E/G ratio of 1.53 and a beta of 0.99. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.47 and a quick ratio of 0.89. OSI Systems, Inc. has a 12 month low of $103.04 and a 12 month high of $144.11.

OSI Systems (NASDAQ:OSIS) last posted its earnings results on Thursday, April 25th. The technology company reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.11 by $0.05. The firm had revenue of $405.41 million during the quarter, compared to the consensus estimate of $401.99 million. OSI Systems had a net margin of 8.56% and a return on equity of 18.10%. The company’s revenue was up 33.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.49 EPS. As a group, research analysts forecast that OSI Systems, Inc. will post 8.09 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on OSIS. StockNews.com cut OSI Systems from a “buy” rating to a “hold” rating in a report on Saturday, April 27th. Oppenheimer lifted their price target on OSI Systems from $157.00 to $160.00 and gave the company an “outperform” rating in a report on Monday, April 29th. Finally, Roth Mkm raised their target price on shares of OSI Systems from $169.00 to $172.00 and gave the stock a “buy” rating in a research report on Friday, April 26th.

Hedge Funds Weigh In On OSI Systems

Several hedge funds and other institutional investors have recently made changes to their positions in the business. West Paces Advisors Inc. acquired a new stake in OSI Systems in the 1st quarter valued at $28,000. Global Retirement Partners LLC grew its stake in shares of OSI Systems by 1,021.1% in the first quarter. Global Retirement Partners LLC now owns 213 shares of the technology company’s stock valued at $30,000 after buying an additional 194 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of OSI Systems by 27.1% during the 3rd quarter. Parkside Financial Bank & Trust now owns 422 shares of the technology company’s stock valued at $50,000 after buying an additional 90 shares during the period. Quest Partners LLC purchased a new position in OSI Systems in the 4th quarter worth approximately $53,000. Finally, International Assets Investment Management LLC grew its position in OSI Systems by 3,585.7% in the fourth quarter. International Assets Investment Management LLC now owns 516 shares of the technology company’s stock valued at $67,000 after acquiring an additional 502 shares in the last quarter. Institutional investors and hedge funds own 89.21% of the company’s stock.

OSI Systems Company Profile

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.