OSI Systems, Inc. (NASDAQ:OSIS) Director Sells $205,045.41 in Stock

OSI Systems, Inc. (NASDAQ:OSIS) Director William Francis Ballhaus, Jr. sold 933 shares of the firm’s stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $219.77, for a total value of $205,045.41. Following the sale, the director now directly owns 24,805 shares of the company’s stock, valued at approximately $5,451,394.85. This represents a 3.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

OSI Systems Price Performance

Shares of OSIS opened at $223.56 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 1.88. The firm has a market cap of $3.76 billion, a PE ratio of 28.77, a PEG ratio of 1.81 and a beta of 1.28. The firm’s 50 day moving average price is $195.13 and its 200 day moving average price is $182.21. OSI Systems, Inc. has a twelve month low of $129.18 and a twelve month high of $227.34.

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

Analyst Ratings Changes

A number of analysts have commented on the stock. StockNews.com raised shares of OSI Systems from a “sell” rating to a “hold” rating in a research note on Monday, May 5th. Roth Mkm increased their target price on OSI Systems from $224.00 to $245.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Oppenheimer raised their target price on OSI Systems from $225.00 to $260.00 and gave the stock an “outperform” rating in a research report on Monday, May 5th. JPMorgan Chase & Co. initiated coverage on OSI Systems in a research report on Friday, February 21st. They set a “neutral” rating and a $225.00 price target on the stock. Finally, B. Riley reaffirmed a “buy” rating and set a $255.00 target price (up previously from $221.00) on shares of OSI Systems in a research note on Friday, May 2nd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $228.33.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. State of Wyoming raised its holdings in OSI Systems by 1.9% in the 4th quarter. State of Wyoming now owns 2,698 shares of the technology company’s stock valued at $452,000 after acquiring an additional 51 shares in the last quarter. Richardson Financial Services Inc. boosted its position in shares of OSI Systems by 65.6% during the 4th quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock valued at $26,000 after acquiring an additional 61 shares in the last quarter. MetLife Investment Management LLC increased its stake in OSI Systems by 0.7% in the fourth quarter. MetLife Investment Management LLC now owns 9,401 shares of the technology company’s stock valued at $1,574,000 after acquiring an additional 61 shares during the period. Summit Investment Advisors Inc. raised its position in OSI Systems by 4.7% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,660 shares of the technology company’s stock worth $278,000 after purchasing an additional 74 shares in the last quarter. Finally, Hohimer Wealth Management LLC lifted its stake in OSI Systems by 4.2% during the first quarter. Hohimer Wealth Management LLC now owns 1,927 shares of the technology company’s stock worth $374,000 after purchasing an additional 77 shares during the period. 89.21% of the stock is owned by 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.