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

OSI Systems, Inc. (NASDAQ:OSIS) CEO Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.66, for a total value of $3,753,200.00. Following the completion of the transaction, the chief executive officer now owns 404,323 shares in the company, valued at approximately $75,875,254.18. This represents a 4.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, November 11th, Deepak Chopra sold 15,000 shares of OSI Systems stock. The shares were sold at an average price of $153.42, for a total transaction of $2,301,300.00.
• On Monday, September 16th, Deepak Chopra sold 20,000 shares of OSI Systems stock. The shares were sold at an average price of $144.92, for a total transaction of $2,898,400.00.

OSI Systems Trading Down 3.2 %

OSI Systems stock traded down $5.96 during mid-day trading on Friday, hitting $181.79. 299,295 shares of the stock were exchanged, compared to its average volume of 134,710. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 23.86, a PEG ratio of 1.59 and a beta of 1.18. OSI Systems, Inc. has a 12 month low of $120.42 and a 12 month high of $189.13. The company has a quick ratio of 1.20, a current ratio of 1.84 and a debt-to-equity ratio of 0.60. The firm’s fifty day simple moving average is $155.39 and its two-hundred day simple moving average is $146.89.

OSI Systems (NASDAQ:OSIS) last announced its earnings results on Thursday, October 24th. The technology company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.19. The business had revenue of $344.01 million during the quarter, compared to the consensus estimate of $318.66 million. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. OSI Systems’s quarterly revenue was up 23.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.91 earnings per share. Analysts forecast that OSI Systems, Inc. will post 9.13 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on OSIS shares. StockNews.com upgraded OSI Systems from a “sell” rating to a “hold” rating in a research note on Tuesday. Roth Mkm increased their target price on OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Bank of America started coverage on OSI Systems in a report on Monday, September 30th. They set a “buy” rating and a $175.00 price target on the stock. B. Riley raised their price objective on shares of OSI Systems from $165.00 to $180.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Finally, Wells Fargo & Company boosted 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. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $179.00.

Institutional Investors Weigh In On OSI Systems

Several institutional investors and hedge funds have recently made changes to their positions in OSIS. Renaissance Technologies LLC raised its holdings in shares of OSI Systems by 79.8% during the second quarter. Renaissance Technologies LLC now owns 25,683 shares of the technology company’s stock valued at $3,532,000 after purchasing an additional 11,400 shares during the period. Victory Capital Management Inc. increased its position in OSI Systems by 25.8% in the 3rd quarter. Victory Capital Management Inc. now owns 123,213 shares of the technology company’s stock valued at $18,707,000 after buying an additional 25,262 shares in the last quarter. Citigroup Inc. raised its stake in OSI Systems by 64.9% during the 3rd 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 during the period. GHP Investment Advisors Inc. boosted its holdings in OSI Systems by 71.2% in 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 in the last quarter. Finally, Van ECK Associates Corp grew its stake in OSI Systems by 24.4% in 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 during the period. Institutional investors own 89.21% of the company’s stock.

About OSI Systems

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.