OSI Systems (NASDAQ:OSIS) Insider Sells $107,200.00 in Stock

OSI Systems, Inc. (NASDAQ:OSIS) insider Paul Morben sold 536 shares of the company’s stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $200.00, for a total transaction of $107,200.00. Following the completion of the sale, the insider owned 9,379 shares of the company’s stock, valued at approximately $1,875,800. This trade represents a 5.41% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

OSI Systems Trading Down 0.2%

OSI Systems stock opened at $196.58 on Thursday. OSI Systems, Inc. has a 52 week low of $186.50 and a 52 week high of $311.72. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.05 and a current ratio of 2.89. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 18.55, a P/E/G ratio of 1.47 and a beta of 1.26. The company has a 50 day moving average price of $198.65 and a 200 day moving average price of $234.24.

OSI Systems (NASDAQ:OSIS) last announced its earnings results on Thursday, October 29th. The technology company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.01. The company had revenue of $403.47 million for the quarter, compared to the consensus estimate of $396.11 million. OSI Systems had a net margin of 8.79% and a return on equity of 21.57%. The company’s revenue was up .0% on a year-over-year basis. During the same period in the previous year, the business earned $1.42 EPS. Research analysts forecast that OSI Systems, Inc. will post 11.45 EPS for the current year.

Hedge Funds Weigh In On OSI Systems

Several institutional investors and hedge funds have recently modified their holdings of OSIS. Transamerica Financial Advisors LLC purchased a new stake in shares of OSI Systems during the second quarter worth $26,000. Group One Trading LLC acquired a new stake in OSI Systems during the first quarter valued at $27,000. IFP Advisors Inc boosted its position in OSI Systems by 201.9% during the third quarter. IFP Advisors Inc now owns 163 shares of the technology company’s stock valued at $32,000 after purchasing an additional 109 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in OSI Systems during the second quarter valued at $35,000. Finally, Keating Financial Advisory Services Inc. purchased a new position in OSI Systems in the second quarter valued at about $39,000. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Bank of America dropped their price target on OSI Systems from $315.00 to $300.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. Oppenheimer decreased their price objective on OSI Systems from $300.00 to $265.00 and set an “outperform” rating for the company in a research report on Thursday, October 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of OSI Systems in a research note on Wednesday, October 28th. Roth Capital reaffirmed a “buy” rating and set a $274.00 target price on shares of OSI Systems in a research note on Friday, August 21st. Finally, B. Riley Financial reiterated a “buy” rating and issued a $265.00 target price (down from $320.00) on shares of OSI Systems in a report on Friday, August 21st. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, OSI Systems has a consensus rating of “Moderate Buy” and an average target price of $276.71.

About OSI Systems

OSI Systems, Inc. develops and manufactures security, healthcare, and optoelectronic products. Founded in 1987 and headquartered in Hawthorne, California, the company serves customers in the United States and internationally through three business areas: Security, Healthcare, and Optoelectronics and Manufacturing. Its Security division provides screening systems and related services for applications such as airports, borders, ports, and critical infrastructure. Products include systems for inspecting people, baggage, cargo, and vehicles, as well as security detection equipment.