OSI Systems (NASDAQ:OSIS) Reaches New 12-Month High – Still a Buy?

Shares of OSI Systems, Inc. (NASDAQ:OSIS) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $170.51 and last traded at $169.43, with a volume of 130873 shares changing hands. The stock had previously closed at $168.99.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. StockNews.com cut OSI Systems from a “hold” rating to a “sell” rating in a research report on Friday. Roth Mkm raised their price target on OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a report on Friday, August 23rd. B. Riley upped their price target on shares of OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Wells Fargo & Company lifted their target price on shares of OSI Systems from $170.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Finally, Bank of America began coverage on OSI Systems in a research note on Monday, September 30th. They set a “buy” rating and a $175.00 price target for the company. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $173.00.

OSI Systems Stock Performance

The company has a quick ratio of 1.20, a current ratio of 1.84 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $2.85 billion, a PE ratio of 22.06, a PEG ratio of 1.42 and a beta of 1.10. The business has a 50 day simple moving average of $146.62 and a 200 day simple moving average of $143.28.

OSI Systems (NASDAQ:OSIS) last released its earnings results on Thursday, October 24th. The technology company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.19. The firm had revenue of $344.01 million for the quarter, compared to the consensus estimate of $318.66 million. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. The firm’s revenue was up 23.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.91 EPS. Equities research analysts predict that OSI Systems, Inc. will post 9.12 EPS for the current fiscal year.

Insider Activity at OSI Systems

In related news, CEO Deepak Chopra sold 15,000 shares of OSI Systems stock in a transaction on Monday, November 11th. The shares were sold at an average price of $153.42, for a total value of $2,301,300.00. Following the sale, the chief executive officer now owns 424,323 shares of the company’s stock, valued at approximately $65,099,634.66. This trade represents a 3.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gerald M. Chizever sold 3,000 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $138.41, for a total transaction of $415,230.00. Following the completion of the sale, the director now directly owns 3,462 shares of the company’s stock, valued at approximately $479,175.42. The trade was a 46.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,107 shares of company stock worth $6,071,809 over the last quarter. Insiders own 5.20% of the company’s stock.

Institutional Trading of OSI Systems

Institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD grew its holdings in shares of OSI Systems by 4.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,392 shares of the technology company’s stock worth $2,485,000 after buying an additional 697 shares in the last quarter. Kennedy Capital Management LLC boosted its holdings in shares of OSI Systems by 3.0% during the 1st quarter. Kennedy Capital Management LLC now owns 48,838 shares of the technology company’s stock worth $6,975,000 after purchasing an additional 1,436 shares during the last quarter. Tidal Investments LLC purchased a new position in OSI Systems during the first quarter worth approximately $921,000. Cape Investment Advisory Inc. acquired a new position in OSI Systems during the first quarter worth $63,000. Finally, First Hawaiian Bank purchased a new stake in OSI Systems in the 2nd quarter valued at $389,000. Institutional investors and hedge funds own 89.21% of the company’s stock.

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.