OSI Systems, Inc. (NASDAQ:OSIS) Director Sells $528,936.83 in Stock

OSI Systems, Inc. (NASDAQ:OSIS) Director Gerald M. Chizever sold 2,701 shares of OSI Systems stock in a transaction on Monday, January 27th. The stock was sold at an average price of $195.83, for a total transaction of $528,936.83. Following the transaction, the director now owns 5,000 shares in the company, valued at $979,150. This represents a 35.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

OSI Systems Price Performance

Shares of OSIS stock opened at $196.45 on Wednesday. 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 company has a market capitalization of $3.28 billion, a P/E ratio of 25.65, a P/E/G ratio of 1.44 and a beta of 1.19. The company’s 50-day simple moving average is $172.80 and its two-hundred day simple moving average is $154.54. OSI Systems, Inc. has a one year low of $126.57 and a one year high of $200.14.

OSI Systems (NASDAQ:OSIS) last issued its earnings results on Thursday, January 23rd. The technology company reported $2.42 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.08. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. As a group, equities analysts anticipate that OSI Systems, Inc. will post 9.13 EPS for the current year.

Institutional Investors Weigh In On OSI Systems

Several hedge funds have recently modified their holdings of OSIS. Envestnet Asset Management Inc. lifted its position in shares of OSI Systems by 174.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 50,373 shares of the technology company’s stock worth $6,927,000 after purchasing an additional 32,029 shares during the period. Renaissance Technologies LLC lifted its position in shares of OSI Systems by 79.8% in the 2nd quarter. Renaissance Technologies LLC now owns 25,683 shares of the technology company’s stock worth $3,532,000 after purchasing an additional 11,400 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in shares of OSI Systems by 106.5% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 2,951 shares of the technology company’s stock worth $406,000 after purchasing an additional 1,522 shares during the period. Hsbc Holdings PLC lifted its position in shares of OSI Systems by 14.2% in the 2nd quarter. Hsbc Holdings PLC now owns 3,141 shares of the technology company’s stock worth $436,000 after purchasing an additional 391 shares during the period. Finally, Sei Investments Co. lifted its position in shares of OSI Systems by 69.7% in the 2nd quarter. Sei Investments Co. now owns 12,579 shares of the technology company’s stock worth $1,730,000 after purchasing an additional 5,168 shares during the period. Hedge funds and other institutional investors own 89.21% of the company’s stock.

Analysts Set New Price Targets

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

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.