OSI Systems (NASDAQ:OSIS) Insider Sells $107,200.00 in Stock

OSI Systems, Inc. (NASDAQ:OSIS) insider Paul Morben sold 536 shares of the stock in a transaction on Monday, November 9th. The stock was sold at an average price of $200.00, for a total value of $107,200.00. Following the completion of the sale, the insider directly owned 9,379 shares in the company, valued at $1,875,800. This represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

OSI Systems Stock Performance

OSIS stock traded up $5.00 during mid-day trading on Monday, reaching $201.36. The company had a trading volume of 199,451 shares, compared to its average volume of 263,145. OSI Systems, Inc. has a one year low of $186.50 and a one year high of $311.72. The stock has a market capitalization of $3.17 billion, a P/E ratio of 21.58, a P/E/G ratio of 1.46 and a beta of 1.26. The company has a quick ratio of 2.05, a current ratio of 2.89 and a debt-to-equity ratio of 1.28. The stock’s 50-day simple moving average is $199.21 and its two-hundred day simple moving average is $235.53.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings data on Thursday, October 29th. The technology company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.01. The business had revenue of $403.47 million for the quarter, compared to analysts’ expectations of $396.11 million. OSI Systems had a net margin of 8.79% and a return on equity of 21.57%. The company’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter last year, the company earned $1.42 EPS. Research analysts anticipate that OSI Systems, Inc. will post 11.45 EPS for the current year.

Institutional Trading of OSI Systems

A number of institutional investors have recently made changes to their positions in the stock. Fifth Third Bancorp increased its position in shares of OSI Systems by 5.7% in the third quarter. Fifth Third Bancorp now owns 6,110 shares of the technology company’s stock worth $1,188,000 after acquiring an additional 329 shares in the last quarter. Maryland State Retirement & Pension System boosted its position in OSI Systems by 54.8% during the third quarter. Maryland State Retirement & Pension System now owns 3,490 shares of the technology company’s stock valued at $678,000 after purchasing an additional 1,236 shares during the last quarter. Illinois Municipal Retirement Fund grew its stake in shares of OSI Systems by 2.8% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 8,363 shares of the technology company’s stock valued at $1,626,000 after buying an additional 229 shares in the last quarter. Guidance Capital Inc. grew its position in OSI Systems by 3.6% in the third quarter. Guidance Capital Inc. now owns 2,596 shares of the technology company’s stock worth $516,000 after acquiring an additional 91 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in OSI Systems during the third quarter worth $321,000. 89.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on OSIS shares. Oppenheimer dropped their price target on shares of OSI Systems from $300.00 to $265.00 and set an “outperform” rating on the stock in a research note on Thursday, October 8th. B. Riley Financial reaffirmed a “buy” rating and set a $265.00 price target (down from $320.00) on shares of OSI Systems in a report on Friday, August 21st. Weiss Ratings reiterated a “hold (c+)” rating on shares of OSI Systems in a research report on Wednesday, October 28th. Bank of America decreased their price objective on OSI Systems from $315.00 to $300.00 and set a “buy” rating for the company in a report on Monday, July 20th. Finally, Roth Capital restated a “buy” rating and issued a $274.00 target price on shares of OSI Systems in a research report on Friday, August 21st. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, OSI Systems has a consensus rating of “Moderate Buy” and a consensus target price of $276.71.

About OSI Systems

OSI Systems, Inc develops and manufactures security, healthcare, and optoelectronic products. Founded in 1987 and headquartered in Hawthorne, California, the company serves customers in the United States and internationally through three business areas: Security, Healthcare, and Optoelectronics and Manufacturing.

Its Security division provides screening systems and related services for applications such as airports, borders, ports, and critical infrastructure. Products include systems for inspecting people, baggage, cargo, and vehicles, as well as security detection equipment.

Through its healthcare business, including Spacelabs Healthcare, OSI Systems supplies patient-monitoring and diagnostic cardiology products.