Alan I. Edrick Sells 2,354 Shares of OSI Systems, Inc. (NASDAQ:OSIS) Stock

OSI Systems, Inc. (NASDAQ:OSIS) CFO Alan I. Edrick sold 2,354 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $188.42, for a total transaction of $443,540.68. Following the completion of the sale, the chief financial officer now directly owns 312,444 shares in the company, valued at $58,870,698.48. This represents a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

OSI Systems Stock Down 3.2 %

Shares of OSI Systems stock opened at $181.79 on Friday. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 1.59 and a beta of 1.18. OSI Systems, Inc. has a twelve month low of $120.42 and a twelve month high of $189.13. The company has a current ratio of 1.84, a quick ratio of 1.20 and a debt-to-equity ratio of 0.60. The business’s 50 day simple moving average is $156.12 and its 200-day simple moving average is $147.16.

OSI Systems (NASDAQ:OSIS) last issued its earnings results on Thursday, October 24th. The technology company reported $1.25 earnings per share 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 firm had revenue of $344.01 million for the quarter, compared to analyst estimates of $318.66 million. During the same period last year, the company earned $0.91 earnings per share. The firm’s revenue for the quarter was up 23.2% on a year-over-year basis. Equities research analysts forecast that OSI Systems, Inc. will post 9.13 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of OSIS. Quest Partners LLC bought a new stake in shares of OSI Systems during the second quarter valued at approximately $40,000. Innealta Capital LLC acquired a new stake in OSI Systems in the 2nd quarter valued at approximately $82,000. International Assets Investment Management LLC increased its position in OSI Systems by 15,075.0% in the 3rd quarter. International Assets Investment Management LLC now owns 607 shares of the technology company’s stock valued at $92,000 after acquiring an additional 603 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in OSI Systems during the 2nd quarter valued at $160,000. Finally, nVerses Capital LLC acquired a new position in OSI Systems during the 3rd quarter worth $182,000. Institutional investors own 89.21% of the company’s stock.

Wall Street Analysts Forecast Growth

OSIS has been the subject of several research analyst reports. Roth Mkm boosted their target price on shares of OSI Systems from $172.00 to $178.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Wells Fargo & Company boosted their price objective on OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a report on Wednesday. B. Riley increased their target price on OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Bank of America assumed coverage on OSI Systems in a report on Monday, September 30th. They issued a “buy” rating and a $175.00 price target for the company. Finally, StockNews.com upgraded OSI Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, December 10th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, OSI Systems has a consensus rating of “Moderate Buy” and an average target price of $179.00.

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.