OSI Systems, Inc. (NASDAQ:OSIS) Insider Sells $30,900.80 in Stock

OSI Systems, Inc. (NASDAQ:OSIS) insider Paul Keith Morben sold 155 shares of the company’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $199.36, for a total value of $30,900.80. Following the sale, the insider now directly owns 10,077 shares of the company’s stock, valued at approximately $2,008,950.72. This represents a 1.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

OSI Systems Trading Up 0.1 %

NASDAQ OSIS opened at $196.44 on Monday. The company has a current ratio of 1.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.56. OSI Systems, Inc. has a 1-year low of $126.57 and a 1-year high of $201.42. The firm’s fifty day simple moving average is $175.66 and its 200-day simple moving average is $155.88. The company has a market capitalization of $3.30 billion, a PE ratio of 25.28, a price-to-earnings-growth ratio of 1.66 and a beta of 1.19.

OSI Systems (NASDAQ:OSIS) last issued its earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.08. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. As a group, sell-side analysts anticipate that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

Institutional Trading of OSI Systems

A number of institutional investors have recently added to or reduced their stakes in the business. Sei Investments Co. lifted its stake in shares of OSI Systems by 69.7% in the 2nd quarter. Sei Investments Co. now owns 12,579 shares of the technology company’s stock valued at $1,730,000 after purchasing an additional 5,168 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of OSI Systems by 4.3% in the second quarter. The Manufacturers Life Insurance Company now owns 9,164 shares of the technology company’s stock worth $1,260,000 after buying an additional 376 shares during the last quarter. Truist Financial Corp bought a new stake in shares of OSI Systems during the 2nd quarter worth about $601,000. Cascade Investment Advisors Inc. acquired a new position in shares of OSI Systems during the 3rd quarter valued at about $1,555,000. Finally, SG Americas Securities LLC raised its stake in shares of OSI Systems by 970.0% in the 3rd quarter. SG Americas Securities LLC now owns 8,624 shares of the technology company’s stock valued at $1,309,000 after acquiring an additional 7,818 shares in the last quarter. 89.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. StockNews.com upgraded shares of OSI Systems from a “sell” rating to a “hold” rating in a report on Tuesday, December 10th. B. Riley lifted their price objective on shares of OSI Systems from $180.00 to $221.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Roth Mkm raised their target price on OSI Systems from $178.00 to $224.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Oppenheimer upped their price target on OSI Systems from $205.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Finally, Wells Fargo & Company raised their price objective on OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $209.40.

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.