Insider Selling: OSI Systems, Inc. (NASDAQ:OSIS) CFO Sells 2,354 Shares of Stock

OSI Systems, Inc. (NASDAQ:OSIS) CFO Alan I. Edrick sold 2,354 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $188.42, for a total value of $443,540.68. Following the transaction, the chief financial officer now directly owns 312,444 shares of the company’s stock, valued at approximately $58,870,698.48. The trade was a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

OSI Systems Stock Performance

OSI Systems stock opened at $181.79 on Friday. OSI Systems, Inc. has a fifty-two week low of $120.42 and a fifty-two week high of $189.13. The firm’s 50 day simple moving average is $156.12 and its 200-day simple moving average is $147.16. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.84 and a quick ratio of 1.20. The company has a market cap of $3.04 billion, a P/E ratio of 23.73, a price-to-earnings-growth ratio of 1.59 and a beta of 1.18.

OSI Systems (NASDAQ:OSIS) last announced 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 company had revenue of $344.01 million for the quarter, compared to the consensus estimate of $318.66 million. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. The company’s revenue was up 23.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.91 EPS. As a group, equities research analysts predict that OSI Systems, Inc. will post 9.13 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on OSIS. StockNews.com raised OSI Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, December 10th. Bank of America initiated coverage on shares of OSI Systems in a research report on Monday, September 30th. They set a “buy” rating and a $175.00 price objective for the company. Roth Mkm boosted their target price on shares of OSI Systems from $172.00 to $178.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. B. Riley raised their target price on shares of OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Finally, Wells Fargo & Company upped their price target on OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a report on Wednesday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, OSI Systems has an average rating of “Moderate Buy” and an average price target of $179.00.

Institutional Investors Weigh In On OSI Systems

Several hedge funds have recently bought and sold shares of the business. Franklin Resources Inc. increased its holdings in shares of OSI Systems by 3.5% in the 3rd quarter. Franklin Resources Inc. now owns 9,560 shares of the technology company’s stock valued at $1,429,000 after purchasing an additional 324 shares during the period. World Investment Advisors LLC purchased a new position in OSI Systems during the third quarter valued at approximately $16,713,000. Hohimer Wealth Management LLC acquired a new position in OSI Systems in the 3rd quarter valued at approximately $264,000. Geode Capital Management LLC increased its stake in OSI Systems by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 380,092 shares of the technology company’s stock valued at $57,720,000 after buying an additional 5,718 shares during the period. Finally, Barclays PLC lifted its position in OSI Systems by 252.3% in the 3rd quarter. Barclays PLC now owns 35,519 shares of the technology company’s stock worth $5,392,000 after buying an additional 25,437 shares in the last quarter. 89.21% of the stock is 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.