OSI Systems, Inc. (NASDAQ:OSIS) Director Sells $415,230.00 in Stock

OSI Systems, Inc. (NASDAQ:OSIS) Director Gerald M. Chizever sold 3,000 shares of OSI Systems stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $138.41, for a total transaction of $415,230.00. Following the completion of the transaction, the director now directly owns 3,462 shares of the company’s stock, valued at approximately $479,175.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

OSI Systems Trading Up 2.4 %

Shares of OSI Systems stock opened at $145.39 on Monday. The company has a current ratio of 1.49, a quick ratio of 1.00 and a debt-to-equity ratio of 0.15. OSI Systems, Inc. has a twelve month low of $103.04 and a twelve month high of $158.69. The firm has a market capitalization of $2.41 billion, a PE ratio of 20.00, a P/E/G ratio of 1.43 and a beta of 1.08. The firm’s 50-day moving average price is $143.93 and its 200 day moving average price is $139.48.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings results on Thursday, August 22nd. The technology company reported $2.84 EPS for the quarter, topping the consensus estimate of $2.79 by $0.05. The firm had revenue of $480.91 million during the quarter, compared to analysts’ expectations of $467.24 million. OSI Systems had a return on equity of 17.80% and a net margin of 8.33%. The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.66 earnings per share. On average, sell-side analysts predict that OSI Systems, Inc. will post 8.93 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of OSI Systems in the fourth quarter valued at approximately $14,921,000. Vanguard Group Inc. increased its stake in shares of OSI Systems by 5.4% in the 4th quarter. Vanguard Group Inc. now owns 2,097,875 shares of the technology company’s stock worth $270,731,000 after acquiring an additional 107,383 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of OSI Systems by 713.1% during the 2nd quarter. Victory Capital Management Inc. now owns 97,951 shares of the technology company’s stock worth $13,470,000 after acquiring an additional 85,904 shares during the period. SG Capital Management LLC boosted its position in shares of OSI Systems by 2,952.6% during the 4th quarter. SG Capital Management LLC now owns 75,919 shares of the technology company’s stock valued at $9,797,000 after acquiring an additional 73,432 shares during the last quarter. Finally, Great Lakes Advisors LLC purchased a new stake in shares of OSI Systems in the second quarter valued at about $5,208,000. 89.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Roth Mkm raised their target price on OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. B. Riley boosted their price objective on OSI Systems from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, August 23rd.

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.