OSI Systems, Inc. (NASDAQ:OSIS – Get Free Report)’s stock price dropped 1.8% during trading on Friday . The company traded as low as $151.35 and last traded at $151.46. Approximately 41,777 shares changed hands during trading, a decline of 62% from the average daily volume of 109,716 shares. The stock had previously closed at $154.28.
Wall Street Analysts Forecast Growth
OSIS has been the topic of a number of recent analyst reports. Oppenheimer increased their price target on shares of OSI Systems from $157.00 to $160.00 and gave the company an “outperform” rating in a report on Monday, April 29th. StockNews.com cut shares of OSI Systems from a “buy” rating to a “hold” rating in a report on Saturday, April 27th. B. Riley increased their price target on shares of OSI Systems from $165.00 to $180.00 and gave the company a “buy” rating in a report on Friday. Finally, Roth Mkm increased their price target on shares of OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a report on Friday.
OSI Systems Stock Down 2.8 %
The company has a quick ratio of 0.89, a current ratio of 1.47 and a debt-to-equity ratio of 0.16. The company’s fifty day moving average is $141.87 and its 200-day moving average is $138.28. The company has a market cap of $2.56 billion, a PE ratio of 20.63, a PEG ratio of 1.51 and a beta of 1.09.
OSI Systems (NASDAQ:OSIS – Get Free Report) last issued its earnings results on Thursday, August 22nd. The technology company reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.79 by $0.05. OSI Systems had a net margin of 8.56% and a return on equity of 18.10%. The company had revenue of $480.91 million for the quarter, compared to analysts’ expectations of $467.24 million. During the same quarter last year, the company posted $2.66 earnings per share. The firm’s quarterly revenue was up 16.8% on a year-over-year basis. On average, analysts predict that OSI Systems, Inc. will post 8.09 EPS for the current year.
Insiders Place Their Bets
In other OSI Systems news, insider Shalabh Chandra sold 676 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $139.50, for a total value of $94,302.00. Following the transaction, the insider now directly owns 8,192 shares in the company, valued at $1,142,784. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Alan I. Edrick sold 30,386 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $143.75, for a total transaction of $4,367,987.50. Following the sale, the chief financial officer now directly owns 310,529 shares in the company, valued at approximately $44,638,543.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shalabh Chandra sold 676 shares of the firm’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $139.50, for a total transaction of $94,302.00. Following the sale, the insider now owns 8,192 shares in the company, valued at $1,142,784. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,974 shares of company stock worth $7,013,780. Company insiders own 5.60% of the company’s stock.
Institutional Trading of OSI Systems
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Arizona State Retirement System increased its holdings in OSI Systems by 2.2% in the 2nd quarter. Arizona State Retirement System now owns 4,532 shares of the technology company’s stock valued at $623,000 after acquiring an additional 97 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in OSI Systems by 1.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 7,900 shares of the technology company’s stock valued at $1,086,000 after acquiring an additional 100 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in OSI Systems by 4.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,896 shares of the technology company’s stock valued at $503,000 after acquiring an additional 178 shares during the last quarter. Global Retirement Partners LLC grew its stake in shares of OSI Systems by 1,021.1% in the 1st quarter. Global Retirement Partners LLC now owns 213 shares of the technology company’s stock worth $30,000 after buying an additional 194 shares in the last quarter. Finally, Bridge City Capital LLC grew its stake in shares of OSI Systems by 0.8% in the 1st quarter. Bridge City Capital LLC now owns 24,618 shares of the technology company’s stock worth $3,516,000 after buying an additional 194 shares in the last quarter. 89.21% of the stock is currently owned by institutional investors.
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.