OSI Systems (NASDAQ:OSIS) Reaches New 1-Year High – Should You Buy?

OSI Systems, Inc. (NASDAQ:OSIS) shares reached a new 52-week high during trading on Thursday . The company traded as high as $200.32 and last traded at $198.96, with a volume of 9848 shares changing hands. The stock had previously closed at $196.94.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on OSIS shares. B. Riley raised their target price on OSI Systems from $180.00 to $221.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Wells Fargo & Company raised their price objective on OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. StockNews.com raised shares of OSI Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, December 10th. Roth Mkm lifted their price target on shares of OSI Systems from $178.00 to $224.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Finally, Oppenheimer upped their price objective on shares of OSI Systems from $205.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, OSI Systems presently has an average rating of “Moderate Buy” and an average target price of $209.40.

OSI Systems Trading Up 0.1 %

The company has a debt-to-equity ratio of 0.56, a current ratio of 1.88 and a quick ratio of 1.25. The firm has a market cap of $3.30 billion, a PE ratio of 25.28, a price-to-earnings-growth ratio of 1.66 and a beta of 1.19. The company’s 50 day moving average price is $175.03 and its 200 day moving average price is $155.50.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 EPS 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%. As a group, analysts forecast that OSI Systems, Inc. will post 9.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other OSI Systems news, Director Gerald M. Chizever sold 2,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $148.16, for a total value of $296,320.00. Following the transaction, the director now directly owns 7,701 shares in the company, valued at $1,140,980.16. This represents a 20.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Paul Keith Morben sold 155 shares of the firm’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 transaction 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. Insiders sold 46,447 shares of company stock worth $8,117,582 in the last 90 days. Corporate insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Global Retirement Partners LLC boosted its stake in OSI Systems by 80.1% in the fourth quarter. Global Retirement Partners LLC now owns 861 shares of the technology company’s stock valued at $144,000 after acquiring an additional 383 shares in the last quarter. Truist Financial Corp boosted its position in shares of OSI Systems by 58.7% in the 4th quarter. Truist Financial Corp now owns 8,216 shares of the technology company’s stock valued at $1,376,000 after purchasing an additional 3,039 shares during the period. Principal Financial Group Inc. grew its stake in OSI Systems by 1.6% during the 4th quarter. Principal Financial Group Inc. now owns 81,054 shares of the technology company’s stock worth $13,571,000 after buying an additional 1,261 shares during the last quarter. Principal Securities Inc. increased its position in OSI Systems by 30.8% during the fourth quarter. Principal Securities Inc. now owns 4,433 shares of the technology company’s stock worth $742,000 after buying an additional 1,045 shares during the period. Finally, Stanley Laman Group Ltd. lifted its stake in OSI Systems by 13.7% in the fourth quarter. Stanley Laman Group Ltd. now owns 29,293 shares of the technology company’s stock valued at $4,905,000 after buying an additional 3,519 shares during the last quarter. 89.21% of the stock is owned by hedge funds and other institutional investors.

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.