OSI Systems (NASDAQ:OSIS) Shares Gap Down to $145.95

Shares of OSI Systems, Inc. (NASDAQ:OSIS) gapped down prior to trading on Tuesday . The stock had previously closed at $145.95, but opened at $141.70. OSI Systems shares last traded at $143.41, with a volume of 13,649 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on OSIS shares. Oppenheimer lifted their price objective on OSI Systems from $157.00 to $160.00 and gave the stock an “outperform” rating in a research report on Monday, April 29th. StockNews.com lowered OSI Systems from a “buy” rating to a “hold” rating in a research report on Saturday, April 27th. Finally, Roth Mkm boosted their target price on OSI Systems from $169.00 to $172.00 and gave the company a “buy” rating in a research report on Friday, April 26th.

OSI Systems Price Performance

The firm has a market cap of $2.53 billion, a price-to-earnings ratio of 20.08, a P/E/G ratio of 1.50 and a beta of 1.09. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.89 and a current ratio of 1.47. The business has a 50 day simple moving average of $138.46 and a 200-day simple moving average of $134.92.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings results on Thursday, April 25th. The technology company reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.11 by $0.05. The business had revenue of $405.41 million during the quarter, compared to the consensus estimate of $401.99 million. OSI Systems had a return on equity of 18.10% and a net margin of 8.56%. The company’s quarterly revenue was up 33.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.49 EPS. Equities research analysts expect that OSI Systems, Inc. will post 8.09 earnings per share for the current year.

Insider Buying and Selling at OSI Systems

In other news, insider Shalabh Chandra sold 676 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $139.50, for a total value of $94,302.00. Following the transaction, the insider now owns 8,192 shares in the company, valued at approximately $1,142,784. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CFO Alan I. Edrick sold 13,696 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $142.54, for a total value of $1,952,227.84. Following the transaction, the chief financial officer now owns 296,833 shares in the company, valued at approximately $42,310,575.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Shalabh Chandra sold 676 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $139.50, for a total value of $94,302.00. Following the completion of the transaction, the insider now owns 8,192 shares in the company, valued at approximately $1,142,784. The disclosure for this sale can be found here. In the last quarter, insiders sold 99,281 shares of company stock worth $14,011,624. Insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On OSI Systems

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in OSI Systems by 5.4% in the fourth quarter. Vanguard Group Inc. now owns 2,097,875 shares of the technology company’s stock valued at $270,731,000 after purchasing an additional 107,383 shares during the last quarter. Janus Henderson Group PLC lifted its stake in OSI Systems by 1.6% in the first quarter. Janus Henderson Group PLC now owns 1,249,889 shares of the technology company’s stock valued at $178,508,000 after purchasing an additional 19,683 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in OSI Systems by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 819,671 shares of the technology company’s stock valued at $105,780,000 after acquiring an additional 18,298 shares during the period. Primecap Management Co. CA raised its holdings in OSI Systems by 2.2% during the 4th quarter. Primecap Management Co. CA now owns 285,200 shares of the technology company’s stock valued at $36,805,000 after acquiring an additional 6,210 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in OSI Systems by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 211,571 shares of the technology company’s stock valued at $27,303,000 after acquiring an additional 1,722 shares during the period. 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.