Short Interest in OSI Systems, Inc. (NASDAQ:OSIS) Increases By 27.4%

OSI Systems, Inc. (NASDAQ:OSIS) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 2,420,000 shares, an increase of 27.4% from the February 28th total of 1,900,000 shares. Approximately 15.4% of the shares of the company are short sold. Based on an average daily volume of 251,000 shares, the days-to-cover ratio is currently 9.6 days.

Wall Street Analyst Weigh In

A number of analysts have recently commented on OSIS shares. Oppenheimer boosted their price objective on OSI Systems from $205.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Roth Mkm upped their price target on shares of OSI Systems from $178.00 to $224.00 and gave the company a “buy” rating in a report on Friday, January 24th. Wells Fargo & Company lifted their price objective on shares of OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. StockNews.com lowered shares of OSI Systems from a “hold” rating to a “sell” rating in a research note on Thursday, March 27th. Finally, B. Riley lifted their price target on shares of OSI Systems from $180.00 to $221.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $212.00.

Insider Activity at OSI Systems

In other news, Director Gerald M. Chizever sold 2,701 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $195.83, for a total value of $528,936.83. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at $979,150. This trade represents a 35.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Paul Keith Morben sold 155 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $199.36, for a total value of $30,900.80. Following the sale, the insider now directly owns 10,077 shares in the company, valued at approximately $2,008,950.72. The trade was a 1.51 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.20% of the company’s stock.

Institutional Investors Weigh In On OSI Systems

Several large investors have recently made changes to their positions in the company. FMR LLC lifted its position in shares of OSI Systems by 4,891.4% in the third quarter. FMR LLC now owns 644,396 shares of the technology company’s stock worth $97,839,000 after buying an additional 631,486 shares during the last quarter. Capital International Investors acquired a new stake in shares of OSI Systems in the fourth quarter worth $97,258,000. Mawer Investment Management Ltd. bought a new position in shares of OSI Systems during the 4th quarter worth about $63,171,000. Brown Advisory Inc. bought a new position in OSI Systems during the fourth quarter valued at about $45,618,000. Finally, World Investment Advisors LLC acquired a new position in shares of OSI Systems in the third quarter valued at $16,713,000. Institutional investors own 89.21% of the company’s stock.

OSI Systems Stock Up 1.1 %

NASDAQ:OSIS traded up $2.19 during trading hours on Tuesday, hitting $196.53. 36,311 shares of the stock traded hands, compared to its average volume of 175,100. The firm has a market cap of $3.30 billion, a price-to-earnings ratio of 25.32, a PEG ratio of 1.81 and a beta of 1.20. OSI Systems has a fifty-two week low of $126.57 and a fifty-two week high of $220.00. The company has a current ratio of 1.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.56. The firm has a 50 day moving average price of $197.19 and a 200 day moving average price of $171.70.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings data on Thursday, January 23rd. The technology company reported $2.42 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.08. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. Equities research analysts anticipate that OSI Systems will post 9.22 earnings per share for the current year.

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.