Investors Purchase High Volume of Put Options on OSI Systems (OSIS)

OSI Systems, Inc. (NASDAQ:OSIS) saw unusually large options trading activity on Monday. Investors purchased 1,116 put options on the company. This represents an increase of approximately 1,213% compared to the average daily volume of 85 put options.

A number of equities research analysts have recently commented on OSIS shares. Roth Capital lifted their price target on shares of OSI Systems from $77.00 to $89.00 and gave the stock a “buy” rating in a report on Friday, August 24th. Zacks Investment Research upgraded shares of OSI Systems from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a report on Tuesday, August 28th. BidaskClub upgraded shares of OSI Systems from a “buy” rating to a “strong-buy” rating in a report on Friday, June 15th. Sidoti reiterated a “neutral” rating on shares of OSI Systems in a report on Thursday, June 28th. Finally, B. Riley lifted their price target on shares of OSI Systems from $81.00 to $92.50 and gave the stock a “buy” rating in a report on Friday, August 24th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $84.38.

In other news, VP Ajay Mehra sold 14,572 shares of OSI Systems stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $73.54, for a total transaction of $1,071,624.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Deepak Chopra sold 25,000 shares of OSI Systems stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $74.90, for a total transaction of $1,872,500.00. Following the sale, the insider now owns 630,223 shares of the company’s stock, valued at $47,203,702.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,072 shares of company stock valued at $3,289,995. 7.60% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Sun Life Financial INC purchased a new stake in OSI Systems in the second quarter valued at approximately $121,000. Xact Kapitalforvaltning AB purchased a new stake in OSI Systems in the first quarter valued at approximately $200,000. SG Americas Securities LLC purchased a new stake in OSI Systems in the first quarter valued at approximately $215,000. NJ State Employees Deferred Compensation Plan purchased a new stake in OSI Systems in the second quarter valued at approximately $232,000. Finally, Pillar Pacific Capital Management LLC purchased a new stake in OSI Systems in the second quarter valued at approximately $234,000. Hedge funds and other institutional investors own 99.08% of the company’s stock.

OSI Systems stock opened at $71.98 on Tuesday. OSI Systems has a 1 year low of $50.50 and a 1 year high of $96.64. The company has a market capitalization of $1.38 billion, a P/E ratio of 19.94, a P/E/G ratio of 1.58 and a beta of 0.89. The company has a quick ratio of 0.76, a current ratio of 1.47 and a debt-to-equity ratio of 0.51.

OSI Systems (NASDAQ:OSIS) last released its earnings results on Thursday, August 23rd. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.08. OSI Systems had a negative net margin of 2.67% and a positive return on equity of 13.55%. The firm had revenue of $287.33 million during the quarter, compared to the consensus estimate of $274.13 million. During the same period in the previous year, the firm earned $1.02 earnings per share. OSI Systems’s revenue was up 13.8% compared to the same quarter last year. On average, research analysts predict that OSI Systems will post 3.87 earnings per share for the current year.

OSI Systems Company Profile

OSI Systems, Inc designs, manufactures, and sells electronic systems and components worldwide. The company's Security segment offers baggage and parcel inspection, cargo and vehicle inspection, hold baggage and people screening, radiation detection, and explosive and narcotics trace detection systems under the Rapiscan Systems and AS&E names.

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