OSI Systems, Inc. (NASDAQ:OSIS) Chairman Sells $4,435,800.00 in Stock

OSI Systems, Inc. (NASDAQ:OSIS) Chairman Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $221.79, for a total transaction of $4,435,800.00. Following the transaction, the chairman now directly owns 339,478 shares in the company, valued at approximately $75,292,825.62. This trade represents a 5.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

OSI Systems Trading Up 0.6 %

NASDAQ:OSIS opened at $223.56 on Friday. The firm has a 50 day moving average of $195.13 and a 200 day moving average of $182.21. The company has a quick ratio of 1.25, a current ratio of 1.88 and a debt-to-equity ratio of 0.56. OSI Systems, Inc. has a 52 week low of $129.18 and a 52 week high of $227.34. The stock has a market capitalization of $3.76 billion, a price-to-earnings ratio of 28.77, a PEG ratio of 1.81 and a beta of 1.28.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings data on Thursday, May 1st. The technology company reported $2.44 earnings per share for the quarter, topping analysts’ consensus estimates of $2.38 by $0.06. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. The firm had revenue of $444.35 million during the quarter, compared to analysts’ expectations of $436.49 million. During the same quarter last year, the firm earned $2.16 EPS. The business’s quarterly revenue was up 9.5% on a year-over-year basis. As a group, sell-side analysts anticipate that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On OSI Systems

Several hedge funds have recently modified their holdings of the stock. Janus Henderson Group PLC grew its position in OSI Systems by 1.8% during the 4th quarter. Janus Henderson Group PLC now owns 1,230,805 shares of the technology company’s stock worth $206,072,000 after purchasing an additional 21,637 shares during the last quarter. FMR LLC lifted its stake in shares of OSI Systems by 31.6% during the fourth quarter. FMR LLC now owns 847,907 shares of the technology company’s stock worth $141,965,000 after buying an additional 203,511 shares during the period. Capital International Investors purchased a new stake in shares of OSI Systems during the fourth quarter valued at $97,258,000. Mawer Investment Management Ltd. raised its stake in OSI Systems by 22.2% in the 1st quarter. Mawer Investment Management Ltd. now owns 461,022 shares of the technology company’s stock worth $89,595,000 after acquiring an additional 83,724 shares during the last quarter. Finally, Clark Capital Management Group Inc. raised its stake in OSI Systems by 19.7% in the 4th quarter. Clark Capital Management Group Inc. now owns 362,712 shares of the technology company’s stock worth $60,729,000 after acquiring an additional 59,690 shares during the last quarter. Institutional investors and hedge funds own 89.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on OSIS. B. Riley restated a “buy” rating and set a $255.00 price objective (up from $221.00) on shares of OSI Systems in a report on Friday, May 2nd. Wells Fargo & Company decreased their price objective on OSI Systems from $220.00 to $210.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Oppenheimer increased their target price on shares of OSI Systems from $225.00 to $260.00 and gave the stock an “outperform” rating in a report on Monday, May 5th. StockNews.com upgraded shares of OSI Systems from a “sell” rating to a “hold” rating in a report on Monday, May 5th. Finally, JPMorgan Chase & Co. assumed coverage on shares of OSI Systems in a research note on Friday, February 21st. They set a “neutral” rating and a $225.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $228.33.

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.