OSI Systems (NASDAQ:OSIS) Sets New 52-Week High – Here’s Why

OSI Systems, Inc. (NASDAQ:OSIS)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $170.51 and last traded at $169.43, with a volume of 130873 shares trading hands. The stock had previously closed at $168.99.

Analyst Ratings Changes

Several research firms have recently commented on OSIS. B. Riley lifted their price target on shares of OSI Systems from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Roth Mkm upped their price target on OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Wells Fargo & Company raised their price objective on OSI Systems from $170.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. StockNews.com cut shares of OSI Systems from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Bank of America initiated coverage on shares of OSI Systems in a research report on Monday, September 30th. They set a “buy” rating and a $175.00 price target for the company. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $173.00.

OSI Systems Trading Up 0.8 %

The company has a 50 day moving average of $146.62 and a 200-day moving average of $143.28. The stock has a market cap of $2.85 billion, a price-to-earnings ratio of 22.06, a price-to-earnings-growth ratio of 1.42 and a beta of 1.10. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.20 and a current ratio of 1.84.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings results on Thursday, October 24th. The technology company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.19. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. The business had revenue of $344.01 million for the quarter, compared to analysts’ expectations of $318.66 million. During the same quarter in the prior year, the company earned $0.91 earnings per share. The business’s quarterly revenue was up 23.2% on a year-over-year basis. On average, research analysts anticipate that OSI Systems, Inc. will post 9.12 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Deepak Chopra sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $153.42, for a total transaction of $2,301,300.00. Following the sale, the chief executive officer now directly owns 424,323 shares in the company, valued at approximately $65,099,634.66. This represents a 3.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gerald M. Chizever sold 3,000 shares of OSI Systems stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $138.41, for a total transaction of $415,230.00. Following the completion of the transaction, the director now owns 3,462 shares of the company’s stock, valued at $479,175.42. This represents a 46.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,107 shares of company stock worth $6,071,809 over the last 90 days. Corporate insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in OSIS. FMR LLC lifted its stake in OSI Systems by 4,891.4% during the third quarter. FMR LLC now owns 644,396 shares of the technology company’s stock worth $97,839,000 after purchasing an additional 631,486 shares during the last quarter. World Investment Advisors LLC acquired a new stake in OSI Systems during the 3rd quarter worth $16,713,000. Victory Capital Management Inc. lifted its position in OSI Systems by 713.1% in the second quarter. Victory Capital Management Inc. now owns 97,951 shares of the technology company’s stock valued at $13,470,000 after acquiring an additional 85,904 shares during the last quarter. Great Lakes Advisors LLC purchased a new position in shares of OSI Systems during the second quarter worth about $5,208,000. Finally, Edgestream Partners L.P. purchased a new stake in shares of OSI Systems in the 3rd quarter valued at about $5,061,000. 89.21% of the stock is owned by institutional investors and hedge funds.

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.