OSI Systems (NASDAQ:OSIS) Hits New 52-Week High – Should You Buy?

OSI Systems, Inc. (NASDAQ:OSIS)’s stock price reached a new 52-week high on Monday . The company traded as high as $183.46 and last traded at $183.05, with a volume of 29838 shares traded. The stock had previously closed at $181.34.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on OSIS. Bank of America assumed coverage on shares of OSI Systems in a research note on Monday, September 30th. They issued a “buy” rating and a $175.00 price target for the company. Wells Fargo & Company lifted their target price on shares of OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a report on Wednesday. B. Riley upped their target price on shares of OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Roth Mkm raised their price target on shares of OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Finally, StockNews.com raised OSI Systems from a “sell” rating to a “hold” rating in a research report on Tuesday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $179.00.

OSI Systems Price Performance

The stock has a market capitalization of $3.12 billion, a P/E ratio of 24.00, a PEG ratio of 1.55 and a beta of 1.18. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.20 and a current ratio of 1.84. The firm has a fifty day moving average price of $153.02 and a two-hundred day moving average price of $146.03.

OSI Systems (NASDAQ:OSIS) last announced its 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 return on equity of 18.17% and a net margin of 8.31%. The business had revenue of $344.01 million for the quarter, compared to analysts’ expectations of $318.66 million. During the same period last year, the firm posted $0.91 earnings per share. The business’s revenue for the quarter was up 23.2% on a year-over-year basis. As a group, analysts expect that OSI Systems, Inc. will post 9.13 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Manoocher M. Aliabadi sold 1,728 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $180.39, for a total transaction of $311,713.92. Following the sale, the insider now directly owns 80,603 shares in the company, valued at $14,539,975.17. This trade represents a 2.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Deepak Chopra sold 20,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $144.92, for a total transaction of $2,898,400.00. Following the completion of the transaction, the chief executive officer now directly owns 459,033 shares of the company’s stock, valued at $66,523,062.36. This represents a 4.18 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,835 shares of company stock valued at $5,968,293. 5.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On OSI Systems

Hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC lifted its holdings in OSI Systems by 79.8% in the 2nd quarter. Renaissance Technologies LLC now owns 25,683 shares of the technology company’s stock worth $3,532,000 after purchasing an additional 11,400 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of OSI Systems by 25.8% in the third quarter. Victory Capital Management Inc. now owns 123,213 shares of the technology company’s stock worth $18,707,000 after buying an additional 25,262 shares in the last quarter. Citigroup Inc. lifted its holdings in shares of OSI Systems by 64.9% in the third quarter. Citigroup Inc. now owns 27,320 shares of the technology company’s stock worth $4,148,000 after buying an additional 10,753 shares in the last quarter. GHP Investment Advisors Inc. boosted its position in shares of OSI Systems by 71.2% during the third quarter. GHP Investment Advisors Inc. now owns 26,872 shares of the technology company’s stock worth $4,080,000 after acquiring an additional 11,173 shares during the last quarter. Finally, Van ECK Associates Corp grew its stake in OSI Systems by 24.4% during the third quarter. Van ECK Associates Corp now owns 81,346 shares of the technology company’s stock valued at $11,563,000 after acquiring an additional 15,945 shares in the last quarter. 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.