OSI Systems, Inc. (NASDAQ:OSIS) Insider Sells $94,302.00 in Stock

OSI Systems, Inc. (NASDAQ:OSIS) insider Shalabh Chandra sold 676 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $139.50, for a total value of $94,302.00. Following the completion of the sale, the insider now owns 8,192 shares of the company’s stock, valued at approximately $1,142,784. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

OSI Systems Stock Performance

Shares of OSIS stock opened at $134.59 on Monday. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 18.51, a PEG ratio of 1.51 and a beta of 1.11. The stock has a fifty day moving average of $137.83 and a 200 day moving average of $133.23. OSI Systems, Inc. has a 52 week low of $103.04 and a 52 week high of $145.24. The company has a quick ratio of 0.89, a current ratio of 1.47 and a debt-to-equity ratio of 0.16.

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Oppenheimer upped their price target on shares of OSI Systems from $157.00 to $160.00 and gave the company an “outperform” rating in a report on Monday, April 29th. Roth Mkm upped their price objective on shares of OSI Systems from $169.00 to $172.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Finally, StockNews.com cut OSI Systems from a “buy” rating to a “hold” rating in a research note on Saturday, April 27th.

Institutional Trading of OSI Systems

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its position in shares of OSI Systems by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 209,849 shares of the technology company’s stock worth $24,771,000 after acquiring an additional 2,679 shares in the last quarter. Van ECK Associates Corp lifted its position in OSI Systems by 65.9% during the third quarter. Van ECK Associates Corp now owns 5,266 shares of the technology company’s stock valued at $622,000 after buying an additional 2,092 shares during the period. Deutsche Bank AG boosted its holdings in shares of OSI Systems by 10.0% during the 3rd quarter. Deutsche Bank AG now owns 11,653 shares of the technology company’s stock valued at $1,376,000 after buying an additional 1,064 shares in the last quarter. QRG Capital Management Inc. purchased a new stake in shares of OSI Systems in the 3rd quarter worth about $298,000. Finally, Invesco Ltd. increased its stake in shares of OSI Systems by 2.5% in the 3rd quarter. Invesco Ltd. now owns 183,015 shares of the technology company’s stock worth $21,603,000 after acquiring an additional 4,441 shares in the last quarter. 89.21% of the stock is currently owned by hedge funds and other 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.