OSI Systems (NASDAQ:OSIS) Shares Down 6.7%

OSI Systems, Inc. (NASDAQ:OSIS)’s stock price dropped 6.7% during mid-day trading on Thursday . The stock traded as low as $128.92 and last traded at $130.39. Approximately 14,954 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 90,650 shares. The stock had previously closed at $139.71.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on OSIS shares. StockNews.com raised OSI Systems from a “hold” rating to a “buy” rating in a report on Friday, April 19th. Roth Mkm raised their price objective on OSI Systems from $165.00 to $169.00 and gave the stock a “buy” rating in a research note on Friday, January 26th.

OSI Systems Price Performance

The company’s 50-day moving average is $135.73 and its 200-day moving average is $127.26. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of 19.79, a price-to-earnings-growth ratio of 1.59 and a beta of 0.98. The company has a current ratio of 1.43, a quick ratio of 0.80 and a debt-to-equity ratio of 0.17.

OSI Systems (NASDAQ:OSIS) last issued its earnings results on Thursday, January 25th. The technology company reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.47. OSI Systems had a return on equity of 17.35% and a net margin of 8.31%. The firm had revenue of $373.20 million for the quarter, compared to the consensus estimate of $364.29 million. During the same quarter last year, the business posted $1.19 EPS. The company’s revenue was up 26.3% compared to the same quarter last year. Equities research analysts predict that OSI Systems, Inc. will post 8.03 earnings per share for the current year.

Insider Buying and Selling

In other OSI Systems news, General Counsel Victor S. Sze sold 15,000 shares of OSI Systems stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $131.22, for a total value of $1,968,300.00. Following the transaction, the general counsel now owns 78,116 shares in the company, valued at $10,250,381.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Deepak Chopra sold 20,000 shares of the stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $129.11, for a total value of $2,582,200.00. Following the completion of the transaction, the chief executive officer now directly owns 468,615 shares in the company, valued at approximately $60,502,882.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Victor S. Sze sold 15,000 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $131.22, for a total transaction of $1,968,300.00. Following the completion of the transaction, the general counsel now owns 78,116 shares in the company, valued at approximately $10,250,381.52. The disclosure for this sale can be found here. Insiders sold a total of 50,000 shares of company stock worth $6,503,650 in the last ninety days. 5.60% of the stock is owned by insiders.

Institutional Investors Weigh In On OSI Systems

Several institutional investors and hedge funds have recently made changes to their positions in OSIS. Norges Bank acquired a new position in OSI Systems in the fourth quarter valued at approximately $14,921,000. Vanguard Group Inc. raised its holdings in shares of OSI Systems by 5.4% during the fourth quarter. Vanguard Group Inc. now owns 2,097,875 shares of the technology company’s stock valued at $270,731,000 after purchasing an additional 107,383 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in shares of OSI Systems by 112.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 182,820 shares of the technology company’s stock valued at $21,580,000 after purchasing an additional 96,641 shares during the period. SG Capital Management LLC boosted its position in shares of OSI Systems by 2,952.6% during the 4th quarter. SG Capital Management LLC now owns 75,919 shares of the technology company’s stock worth $9,797,000 after purchasing an additional 73,432 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of OSI Systems by 208.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 61,800 shares of the technology company’s stock valued at $7,295,000 after buying an additional 41,792 shares during the period. Institutional investors own 89.21% of the company’s stock.

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.