OSI Systems (NASDAQ:OSIS) Sets New 1-Year High – Here’s Why

OSI Systems, Inc. (NASDAQ:OSIS)’s stock price 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 traded. The stock had previously closed at $196.94.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. StockNews.com upgraded OSI Systems from a “sell” rating to a “hold” rating in a report on Tuesday, December 10th. B. Riley upped their target price on OSI Systems from $180.00 to $221.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Roth Mkm upped their target price on OSI Systems from $178.00 to $224.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Wells Fargo & Company upped their target price on OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Finally, Oppenheimer upped their target price on OSI Systems from $205.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $209.40.

OSI Systems Stock Down 0.1 %

The company has a debt-to-equity ratio of 0.60, a current ratio of 1.84 and a quick ratio of 1.20. The firm has a 50 day simple moving average of $174.41 and a 200-day simple moving average of $155.21. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 25.69, a price-to-earnings-growth ratio of 1.44 and a beta of 1.19.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.08. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. On average, sell-side analysts forecast that OSI Systems, Inc. will post 9.13 EPS for the current fiscal year.

Insider Buying and Selling at OSI Systems

In related news, CEO Deepak Chopra sold 15,000 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $153.42, for a total transaction of $2,301,300.00. Following the completion of the sale, the chief executive officer now directly owns 424,323 shares in the company, valued at $65,099,634.66. This represents a 3.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gerald M. Chizever sold 2,701 shares of the company’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $195.83, for a total value of $528,936.83. Following the sale, the director now owns 5,000 shares of the company’s stock, valued at approximately $979,150. This represents a 35.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,292 shares of company stock worth $8,086,682. Corporate insiders own 5.20% of the company’s stock.

Institutional Trading of OSI Systems

Institutional investors and hedge funds have recently modified their holdings of the business. Hsbc Holdings PLC raised its position in OSI Systems by 14.2% in the second quarter. Hsbc Holdings PLC now owns 3,141 shares of the technology company’s stock valued at $436,000 after purchasing an additional 391 shares during the last quarter. Sei Investments Co. grew its stake in OSI Systems by 69.7% in the second quarter. Sei Investments Co. now owns 12,579 shares of the technology company’s stock valued at $1,730,000 after acquiring an additional 5,168 shares during the period. The Manufacturers Life Insurance Company grew its stake in OSI Systems by 4.3% in the second quarter. The Manufacturers Life Insurance Company now owns 9,164 shares of the technology company’s stock valued at $1,260,000 after acquiring an additional 376 shares during the period. Truist Financial Corp purchased a new position in shares of OSI Systems during the second quarter valued at approximately $601,000. Finally, Cascade Investment Advisors Inc. bought a new stake in OSI Systems during the third quarter worth $1,555,000. 89.21% of the stock is currently owned by institutional investors.

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.