OSI Systems, Inc. (NASDAQ:OSIS) CEO Deepak Chopra Sells 20,000 Shares of Stock

OSI Systems, Inc. (NASDAQ:OSIS) CEO Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.66, for a total value of $3,753,200.00. Following the completion of the sale, the chief executive officer now directly owns 404,323 shares in the company, valued at $75,875,254.18. This trade represents a 4.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Deepak Chopra also recently made the following trade(s):

• On Monday, November 11th, Deepak Chopra sold 15,000 shares of OSI Systems stock. The stock was sold at an average price of $153.42, for a total transaction of $2,301,300.00.
• On Monday, September 16th, Deepak Chopra sold 20,000 shares of OSI Systems stock. The shares were sold at an average price of $144.92, for a total transaction of $2,898,400.00.

OSI Systems Trading Down 3.2 %

OSIS opened at $181.79 on Friday. OSI Systems, Inc. has a twelve month low of $120.42 and a twelve month high of $189.13. The company has a fifty day moving average of $155.39 and a 200-day moving average of $146.89. The stock has a market cap of $3.04 billion, a PE ratio of 23.73, a price-to-earnings-growth ratio of 1.59 and a beta of 1.18. The company has a quick ratio of 1.20, a current ratio of 1.84 and a debt-to-equity ratio of 0.60.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings results on Thursday, October 24th. The technology company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.19. The business 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 for the quarter was up 23.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.91 EPS. On average, sell-side analysts predict that OSI Systems, Inc. will post 9.13 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Trading of OSI Systems

Several hedge funds have recently bought and sold shares of the business. Quest Partners LLC acquired a new position in OSI Systems during the second quarter worth $40,000. Innealta Capital LLC acquired a new stake in shares of OSI Systems in the 2nd quarter worth about $82,000. International Assets Investment Management LLC raised its holdings in shares of OSI Systems by 15,075.0% in the 3rd quarter. International Assets Investment Management LLC now owns 607 shares of the technology company’s stock worth $92,000 after acquiring an additional 603 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in OSI Systems in the 2nd quarter valued at about $160,000. Finally, nVerses Capital LLC acquired a new position in OSI Systems during the 3rd quarter valued at about $182,000. 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.