OSI Systems (NASDAQ:OSIS) Reaches New 1-Year High – Still a Buy?

OSI Systems, Inc. (NASDAQ:OSIS)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $183.46 and last traded at $183.05, with a volume of 29838 shares trading hands. The stock had previously closed at $181.34.

Analyst Upgrades and Downgrades

OSIS has been the subject of a number of recent analyst reports. Bank of America assumed coverage on shares of OSI Systems in a research note on Monday, September 30th. They issued a “buy” rating and a $175.00 price objective for the company. B. Riley lifted their price target on OSI Systems from $165.00 to $180.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Roth Mkm upped their price target on OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. StockNews.com upgraded OSI Systems from a “sell” rating to a “hold” rating in a research report on Saturday, November 30th. Finally, Wells Fargo & Company upped their target price on OSI Systems from $170.00 to $172.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $173.00.

OSI Systems Trading Up 0.9 %

The business has a 50-day moving average of $152.39 and a 200-day moving average of $145.72. The company has a quick ratio of 1.20, a current ratio of 1.84 and a debt-to-equity ratio of 0.60. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of 23.67, a PEG ratio of 1.55 and a beta of 1.18.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings results on Thursday, October 24th. The technology company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.19. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. The business had revenue of $344.01 million during the quarter, compared to analyst estimates of $318.66 million. During the same period in the previous year, the company earned $0.91 EPS. The firm’s revenue was up 23.2% on a year-over-year basis. As a group, research analysts forecast that OSI Systems, Inc. will post 9.13 earnings per share for the current year.

Insider Transactions at OSI Systems

In other news, Director Gerald M. Chizever sold 3,000 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $138.41, for a total transaction of $415,230.00. Following the transaction, the director now owns 3,462 shares of the company’s stock, valued at approximately $479,175.42. This represents a 46.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Paul Keith Morben sold 1,107 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $145.04, for a total value of $160,559.28. Following the completion of the sale, the insider now owns 10,077 shares of the company’s stock, valued at approximately $1,461,568.08. This trade represents a 9.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,835 shares of company stock worth $6,383,523 in the last 90 days. 5.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of OSIS. Quest Partners LLC bought a new stake in OSI Systems during the second quarter valued at about $40,000. Innealta Capital LLC acquired a new stake in OSI Systems in the 2nd quarter valued at approximately $82,000. International Assets Investment Management LLC increased its position in OSI Systems by 15,075.0% in the 3rd quarter. International Assets Investment Management LLC now owns 607 shares of the technology company’s stock worth $92,000 after buying an additional 603 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in shares of OSI Systems during the second quarter worth approximately $160,000. Finally, nVerses Capital LLC bought a new stake in shares of OSI Systems in the third quarter valued at approximately $182,000. 89.21% of the stock is currently owned by institutional investors and hedge funds.

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.