OSI Systems (NASDAQ:OSIS) Stock Price Down 5.1% – What’s Next?

Shares of OSI Systems, Inc. (NASDAQ:OSIS) traded down 5.1% during mid-day trading on Wednesday . The stock traded as low as $184.92 and last traded at $181.81. 232,869 shares changed hands during trading, an increase of 8% from the average session volume of 215,298 shares. The stock had previously closed at $191.68.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on OSIS shares. JPMorgan Chase & Co. began coverage on OSI Systems in a report on Friday, February 21st. They set a “neutral” rating and a $225.00 target price for the company. Oppenheimer upped their price objective on OSI Systems from $205.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. B. Riley lifted their target price on OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, January 24th. StockNews.com lowered shares of OSI Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, February 26th. Finally, Roth Mkm raised their price target on shares of OSI Systems from $178.00 to $224.00 and gave the company a “buy” rating in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $212.00.

OSI Systems Stock Performance

The firm has a fifty day simple moving average of $187.44 and a two-hundred day simple moving average of $165.55. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 23.36, a P/E/G ratio of 1.81 and a beta of 1.19. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.88 and a quick ratio of 1.25.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings data on Thursday, January 23rd. The technology company reported $2.42 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.08. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. On average, analysts expect that OSI Systems, Inc. will post 9.22 EPS for the current year.

Insider Activity

In other news, Director Gerald M. Chizever sold 2,701 shares of the company’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $195.83, for a total value of $528,936.83. Following the sale, the director now directly owns 5,000 shares of the company’s stock, valued at $979,150. This represents a 35.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $187.66, for a total transaction of $3,753,200.00. Following the transaction, the chief executive officer now directly owns 404,323 shares of the company’s stock, valued at approximately $75,875,254.18. This trade represents a 4.71 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,719 shares of company stock valued at $5,208,248. Company insiders own 5.20% of the company’s stock.

Institutional Investors Weigh In On OSI Systems

Hedge funds have recently added to or reduced their stakes in the business. FMR LLC lifted its holdings in shares of OSI Systems by 4,891.4% in the 3rd quarter. FMR LLC now owns 644,396 shares of the technology company’s stock valued at $97,839,000 after buying an additional 631,486 shares during the period. Capital International Investors purchased a new position in OSI Systems during the fourth quarter valued at approximately $97,258,000. Mawer Investment Management Ltd. acquired a new position in OSI Systems in the fourth quarter valued at approximately $63,171,000. Brown Advisory Inc. purchased a new stake in OSI Systems in the 4th quarter worth approximately $45,618,000. Finally, World Investment Advisors LLC acquired a new stake in shares of OSI Systems during the 3rd quarter worth approximately $16,713,000. 89.21% of the stock is owned by hedge funds and other institutional investors.

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.