Paul Keith Morben Sells 1,107 Shares of OSI Systems, Inc. (NASDAQ:OSIS) Stock

OSI Systems, Inc. (NASDAQ:OSIS) insider Paul Keith Morben sold 1,107 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $145.04, for a total value of $160,559.28. Following the sale, the insider now directly owns 10,077 shares of the company’s stock, valued at approximately $1,461,568.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

OSI Systems Trading Up 2.4 %

OSI Systems stock opened at $145.39 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.49 and a quick ratio of 1.00. The stock has a market cap of $2.41 billion, a P/E ratio of 20.00, a PEG ratio of 1.43 and a beta of 1.08. The firm’s 50 day moving average price is $143.93 and its 200-day moving average price is $139.37. OSI Systems, Inc. has a 1 year low of $103.04 and a 1 year high of $158.69.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings data on Thursday, August 22nd. The technology company reported $2.84 EPS for the quarter, beating the consensus estimate of $2.79 by $0.05. The business had revenue of $480.91 million during the quarter, compared to the consensus estimate of $467.24 million. OSI Systems had a net margin of 8.33% and a return on equity of 17.80%. The business’s revenue was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.66 EPS. On average, equities analysts predict that OSI Systems, Inc. will post 8.93 earnings per share for the current fiscal year.

Institutional Trading of OSI Systems

Institutional investors have recently bought and sold shares of the stock. Arizona State Retirement System lifted its holdings in shares of OSI Systems by 2.2% in the 2nd quarter. Arizona State Retirement System now owns 4,532 shares of the technology company’s stock worth $623,000 after acquiring an additional 97 shares during the last quarter. Louisiana State Employees Retirement System raised its position 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 worth $1,086,000 after purchasing an additional 100 shares during the period. PNC Financial Services Group Inc. lifted its stake in OSI Systems by 4.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,896 shares of the technology company’s stock worth $503,000 after purchasing an additional 178 shares during the last quarter. Global Retirement Partners LLC boosted its position in shares of OSI Systems by 1,021.1% during the first quarter. Global Retirement Partners LLC now owns 213 shares of the technology company’s stock valued at $30,000 after buying an additional 194 shares during the period. Finally, Bridge City Capital LLC grew its stake in shares of OSI Systems by 0.8% during the first quarter. Bridge City Capital LLC now owns 24,618 shares of the technology company’s stock valued at $3,516,000 after buying an additional 194 shares during the last quarter. 89.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Roth Mkm boosted their price objective on OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. B. Riley increased their price objective on shares of OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd.

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.