OSI Systems, Inc. (NASDAQ:OSIS) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $113.05 and last traded at $113.05, with a volume of 2327 shares traded. The stock had previously closed at $112.20.
A number of research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of OSI Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 28th. BidaskClub raised shares of OSI Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, April 3rd. Finally, Roth Capital increased their target price on shares of OSI Systems from $97.00 to $122.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. OSI Systems has an average rating of “Buy” and a consensus price target of $107.00.
The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 31.14, a P/E/G ratio of 2.13 and a beta of 0.87. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.85 and a current ratio of 1.55.
OSI Systems (NASDAQ:OSIS) last released its earnings results on Tuesday, April 30th. The technology company reported $1.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.23. OSI Systems had a net margin of 4.59% and a return on equity of 15.66%. The firm had revenue of $304.30 million during the quarter, compared to the consensus estimate of $289.15 million. During the same period in the prior year, the firm earned $0.86 EPS. The company’s revenue was up 13.8% compared to the same quarter last year. As a group, equities analysts anticipate that OSI Systems, Inc. will post 4.22 EPS for the current year.
In related news, General Counsel Victor S. Sze sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $104.17, for a total transaction of $2,083,400.00. Following the sale, the general counsel now directly owns 153,404 shares in the company, valued at approximately $15,980,094.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Deepak Chopra sold 34,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $102.89, for a total transaction of $3,549,705.00. Following the sale, the insider now owns 540,738 shares in the company, valued at $55,636,532.82. The disclosure for this sale can be found here. Insiders have sold a total of 94,500 shares of company stock valued at $9,687,505 over the last three months. Insiders own 8.60% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Lindbrook Capital LLC purchased a new stake in shares of OSI Systems during the 4th quarter valued at approximately $25,000. Marshall Wace North America L.P. purchased a new stake in shares of OSI Systems during the 1st quarter valued at approximately $35,000. NumerixS Investment Technologies Inc purchased a new stake in shares of OSI Systems during the 1st quarter valued at approximately $52,000. Quadrant Capital Group LLC lifted its stake in shares of OSI Systems by 729.5% during the 1st quarter. Quadrant Capital Group LLC now owns 730 shares of the technology company’s stock valued at $60,000 after buying an additional 642 shares in the last quarter. Finally, Cutler Group LP lifted its stake in shares of OSI Systems by 55.1% during the 1st quarter. Cutler Group LP now owns 844 shares of the technology company’s stock valued at $73,000 after buying an additional 300 shares in the last quarter. Institutional investors own 96.86% of the company’s stock.
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About OSI Systems (NASDAQ:OSIS)
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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