Insider Selling: OSI Systems, Inc. (NASDAQ:OSIS) CEO Sells 15,000 Shares of Stock

OSI Systems, Inc. (NASDAQ:OSIS) CEO Deepak Chopra sold 15,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $153.42, for a total transaction of $2,301,300.00. Following the transaction, the chief executive officer now owns 424,323 shares in the company, valued at approximately $65,099,634.66. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

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

OSI Systems Stock Performance

Shares of NASDAQ:OSIS traded down $0.30 on Wednesday, hitting $152.85. 213,906 shares of the company were exchanged, compared to its average volume of 123,529. The company’s 50 day moving average price is $143.68 and its two-hundred day moving average price is $141.78. The firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 1.42 and a beta of 1.10. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.20 and a current ratio of 1.84. OSI Systems, Inc. has a one year low of $114.17 and a one year high of $158.69.

OSI Systems (NASDAQ:OSIS) last issued its quarterly 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. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. The firm had revenue of $344.01 million for the quarter, compared to analyst estimates of $318.66 million. During the same period in the previous year, the company posted $0.91 earnings per share. The company’s quarterly revenue was up 23.2% compared to the same quarter last year. Research analysts expect that OSI Systems, Inc. will post 9.12 earnings per share for the current year.

Hedge Funds Weigh In On OSI Systems

A number of hedge funds have recently made changes to their positions in OSIS. Quest Partners LLC bought a new stake in shares of OSI Systems in the 2nd quarter valued at approximately $40,000. Cape Investment Advisory Inc. bought a new position in shares of OSI Systems during the first quarter valued at $63,000. Covestor Ltd lifted its holdings in shares of OSI Systems by 48,000.0% during the first quarter. Covestor Ltd now owns 481 shares of the technology company’s stock valued at $69,000 after acquiring an additional 480 shares during the period. Innealta Capital LLC acquired a new stake in shares of OSI Systems in the 2nd quarter valued at $82,000. Finally, International Assets Investment Management LLC increased its position in shares of OSI Systems by 15,075.0% during the 3rd quarter. International Assets Investment Management LLC now owns 607 shares of the technology company’s stock worth $92,000 after purchasing an additional 603 shares in the last quarter. Institutional investors and hedge funds own 89.21% of the company’s stock.

Analyst Ratings Changes

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

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.