Insider Selling: OSI Systems, Inc. (NASDAQ:OSIS) Director Sells 3,000 Shares of Stock

OSI Systems, Inc. (NASDAQ:OSIS) Director Gerald M. Chizever sold 3,000 shares of the firm’s 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 directly owns 3,462 shares in the company, valued at $479,175.42. The transaction was disclosed in a document filed with the SEC, which is available through this link.

OSI Systems Stock Performance

OSIS traded up $3.45 during trading on Friday, hitting $145.39. The stock had a trading volume of 146,088 shares, compared to its average volume of 112,585. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.00 and a current ratio of 1.49. The firm has a market capitalization of $2.41 billion, a P/E ratio of 19.95, a PEG ratio of 1.43 and a beta of 1.08. OSI Systems, Inc. has a twelve month low of $103.04 and a twelve month high of $158.69. The company’s 50-day moving average price is $143.77 and its 200 day moving average price is $139.27.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings results on Thursday, August 22nd. The technology company reported $2.84 EPS for the quarter, beating the consensus estimate of $2.79 by $0.05. OSI Systems had a return on equity of 17.80% and a net margin of 8.33%. The business had revenue of $480.91 million during the quarter, compared to analysts’ expectations of $467.24 million. During the same period last year, the firm earned $2.66 EPS. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. On average, equities research analysts forecast that OSI Systems, Inc. will post 8.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on OSIS. B. Riley upped their price target on OSI Systems from $165.00 to $180.00 and gave the company a “buy” rating in a research note 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 report on Friday, August 23rd.

Institutional Trading of OSI Systems

A number of institutional investors have recently added to or reduced their stakes in OSIS. Arizona State Retirement System lifted its position in shares of OSI Systems by 2.2% during the 2nd quarter. Arizona State Retirement System now owns 4,532 shares of the technology company’s stock valued at $623,000 after acquiring an additional 97 shares during the period. Louisiana State Employees Retirement System boosted its position in OSI Systems by 1.3% during the second quarter. Louisiana State Employees Retirement System now owns 7,900 shares of the technology company’s stock worth $1,086,000 after purchasing an additional 100 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of OSI Systems by 4.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,896 shares of the technology company’s stock worth $503,000 after buying an additional 178 shares in the last quarter. Global Retirement Partners LLC grew its stake in OSI Systems by 1,021.1% in the 1st quarter. Global Retirement Partners LLC now owns 213 shares of the technology company’s stock valued at $30,000 after acquiring an additional 194 shares during the last quarter. Finally, Bridge City Capital LLC increased its holdings in OSI Systems by 0.8% during the 1st quarter. Bridge City Capital LLC now owns 24,618 shares of the technology company’s stock valued at $3,516,000 after acquiring an additional 194 shares in the last quarter. Hedge funds and other 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.