OSI Systems (NASDAQ:OSIS) Sets New 52-Week High – Should You Buy?

OSI Systems, Inc. (NASDAQ:OSIS)’s stock price hit a new 52-week high on Monday . The stock traded as high as $178.32 and last traded at $177.49, with a volume of 94309 shares. The stock had previously closed at $177.40.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on OSIS. B. Riley boosted their price objective on shares of OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Wells Fargo & Company upped their price target on shares of OSI Systems from $170.00 to $172.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Bank of America started coverage on shares of OSI Systems in a research report on Monday, September 30th. They issued a “buy” rating and a $175.00 price target for the company. StockNews.com upgraded shares of OSI Systems from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Roth Mkm upped their price target on shares of OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, OSI Systems has a consensus rating of “Moderate Buy” and an average price target of $173.00.

OSI Systems Stock Up 1.0 %

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 company has a market capitalization of $2.99 billion, a price-to-earnings ratio of 23.09, a PEG ratio of 1.53 and a beta of 1.10. The firm’s 50 day simple moving average is $148.92 and its 200-day simple moving average is $144.31.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings data on Thursday, October 24th. The technology company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.19. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. The company had revenue of $344.01 million for the quarter, compared to analysts’ expectations of $318.66 million. During the same period in the previous year, the company posted $0.91 EPS. OSI Systems’s revenue was up 23.2% compared to the same quarter last year. On average, sell-side analysts anticipate that OSI Systems, Inc. will post 9.12 EPS for the current fiscal year.

Insider Transactions at OSI Systems

In other news, CEO Deepak Chopra sold 15,000 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $153.42, for a total transaction of $2,301,300.00. Following the transaction, the chief executive officer now directly owns 424,323 shares of the company’s stock, valued at $65,099,634.66. This represents a 3.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gerald M. Chizever sold 3,000 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $138.41, for a total transaction of $415,230.00. Following the completion of the sale, the director now directly owns 3,462 shares in the company, valued at approximately $479,175.42. The trade was a 46.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,107 shares of company stock valued at $6,071,809 in the last ninety days. 5.20% of the stock is currently owned by company insiders.

Institutional Trading of OSI Systems

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Arizona State Retirement System increased its position in OSI Systems by 2.2% during the 2nd quarter. Arizona State Retirement System now owns 4,532 shares of the technology company’s stock worth $623,000 after purchasing an additional 97 shares in the last quarter. Louisiana State Employees Retirement System grew its position in OSI Systems by 1.3% in the second quarter. Louisiana State Employees Retirement System now owns 7,900 shares of the technology company’s stock valued at $1,086,000 after acquiring an additional 100 shares in the last quarter. Orion Portfolio Solutions LLC grew its position in shares of OSI Systems by 3.3% during the third quarter. Orion Portfolio Solutions LLC now owns 3,301 shares of the technology company’s stock worth $501,000 after buying an additional 106 shares in the last quarter. US Bancorp DE grew its position in shares of OSI Systems by 4.8% during the third quarter. US Bancorp DE now owns 2,418 shares of the technology company’s stock worth $367,000 after buying an additional 111 shares in the last quarter. Finally, Inspire Investing LLC grew its position in shares of OSI Systems by 7.9% during the third quarter. Inspire Investing LLC now owns 2,741 shares of the technology company’s stock worth $416,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds 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.