Deepak Chopra Sells 20,000 Shares of OSI Systems (NASDAQ:OSIS) Stock

OSI Systems, Inc. (NASDAQ:OSIS) Director Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $250.91, for a total value of $5,018,200.00. Following the completion of the sale, the director directly owned 273,044 shares of the company’s stock, valued at approximately $68,509,470.04. This trade represents a 6.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Deepak Chopra also recently made the following trade(s):

• On Monday, November 10th, Deepak Chopra sold 20,000 shares of OSI Systems stock. The stock was sold at an average price of $285.74, for a total transaction of $5,714,800.00.

OSI Systems Stock Performance

Shares of NASDAQ:OSIS traded down $2.89 during trading on Wednesday, hitting $253.10. 332,433 shares of the company were exchanged, compared to its average volume of 283,610. OSI Systems, Inc. has a 52-week low of $153.40 and a 52-week high of $294.93. The stock has a 50 day moving average of $270.50 and a 200 day moving average of $252.15. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.15 and a quick ratio of 2.31. The company has a market cap of $4.17 billion, a PE ratio of 28.66, a P/E/G ratio of 2.09 and a beta of 1.35.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings data on Thursday, January 29th. The technology company reported $2.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.52 by $0.06. OSI Systems had a return on equity of 18.58% and a net margin of 8.52%.The company had revenue of $464.06 million for the quarter, compared to analyst estimates of $449.51 million. During the same period in the previous year, the company posted $2.42 EPS. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, equities research analysts predict that OSI Systems, Inc. will post 9.22 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on OSIS shares. Bank of America upped their price target on shares of OSI Systems from $265.00 to $315.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Roth Mkm raised their price target on OSI Systems from $292.00 to $295.00 and gave the company a “buy” rating in a report on Friday, January 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of OSI Systems in a research report on Thursday, January 22nd. UBS Group set a $292.00 price objective on shares of OSI Systems in a research report on Monday, December 1st. Finally, B. Riley raised their price objective on shares of OSI Systems from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $282.00.

Hedge Funds Weigh In On OSI Systems

A number of large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its position in OSI Systems by 519.8% during the first quarter. Royal Bank of Canada now owns 10,257 shares of the technology company’s stock valued at $1,993,000 after buying an additional 8,602 shares during the period. AQR Capital Management LLC increased its holdings in shares of OSI Systems by 64.2% in the first quarter. AQR Capital Management LLC now owns 11,656 shares of the technology company’s stock worth $2,265,000 after buying an additional 4,558 shares during the period. Strs Ohio bought a new stake in shares of OSI Systems in the 1st quarter valued at about $97,000. 111 Capital purchased a new stake in OSI Systems during the 2nd quarter valued at about $266,000. Finally, Blair William & Co. IL bought a new position in OSI Systems during the 2nd quarter worth approximately $651,000. Hedge funds and other institutional investors own 89.21% of the company’s stock.

About OSI Systems

OSI Systems, Inc (NASDAQ: OSIS) is a publicly traded technology company founded in 1987 and headquartered in Hawthorne, California. The company designs, develops and manufactures advanced security and inspection systems, optoelectronic devices and medical imaging equipment. Over its history, OSI Systems has grown its product offerings through internal research and development as well as strategic acquisitions, expanding its capabilities in mission-critical sensing and inspection technologies.

OSI Systems operates three primary business segments.