Insider Selling: OSI Systems, Inc. (NASDAQ:OSIS) Director Sells 2,701 Shares of Stock

OSI Systems, Inc. (NASDAQ:OSIS) Director Gerald M. Chizever sold 2,701 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $195.83, for a total value of $528,936.83. Following the completion of the transaction, the director now owns 5,000 shares in the company, valued at approximately $979,150. The trade was a 35.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

OSI Systems Price Performance

NASDAQ:OSIS traded down $6.27 during trading hours on Monday, hitting $193.60. The stock had a trading volume of 381,258 shares, compared to its average volume of 233,629. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 25.27, a P/E/G ratio of 1.44 and a beta of 1.19. OSI Systems, Inc. has a one year low of $126.57 and a one year high of $200.14. The company has a 50 day simple moving average of $171.97 and a two-hundred day simple moving average of $154.18. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.84 and a quick ratio of 1.20.

OSI Systems (NASDAQ:OSIS) last released its earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.08. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. Research analysts forecast that OSI Systems, Inc. will post 9.13 earnings per share for the current fiscal year.

Institutional Trading of OSI Systems

Several hedge funds have recently added to or reduced their stakes in OSIS. Richardson Financial Services Inc. increased its holdings in shares of OSI Systems by 65.6% in the fourth quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock worth $26,000 after buying an additional 61 shares during the period. International Assets Investment Management LLC raised its holdings in shares of OSI Systems by 15,075.0% during the third quarter. International Assets Investment Management LLC now owns 607 shares of the technology company’s stock valued at $92,000 after acquiring an additional 603 shares in the last quarter. KBC Group NV boosted its holdings in OSI Systems by 37.1% in the fourth quarter. KBC Group NV now owns 699 shares of the technology company’s stock valued at $117,000 after acquiring an additional 189 shares in the last quarter. nVerses Capital LLC purchased a new position in OSI Systems during the 3rd quarter valued at $182,000. Finally, Longboard Asset Management LP bought a new position in OSI Systems in the 4th quarter worth $202,000. 89.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on OSIS shares. Roth Mkm increased their price target on OSI Systems from $178.00 to $224.00 and gave the stock a “buy” rating in a research note on Friday. B. Riley lifted their target price on shares of OSI Systems from $180.00 to $221.00 and gave the stock a “buy” rating in a research note on Friday. Wells Fargo & Company upped their price target on shares of OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Bank of America started 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. Finally, StockNews.com upgraded OSI Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $209.40.

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.