OSI Systems (NASDAQ:OSIS) Reaches New 52-Week High – Here’s What Happened

Shares of OSI Systems, Inc. (NASDAQ:OSIS) hit a new 52-week high on Wednesday . The stock traded as high as $201.75 and last traded at $201.58, with a volume of 33189 shares trading hands. The stock had previously closed at $199.41.

Analysts Set New Price Targets

OSIS has been the subject of several recent research reports. Roth Mkm increased their price target on OSI Systems from $178.00 to $224.00 and gave the company a “buy” rating in a research note on Friday, January 24th. B. Riley increased their price target on OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Wells Fargo & Company increased their price target on OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. StockNews.com raised OSI Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, December 10th. Finally, Oppenheimer raised their target price on OSI Systems from $205.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $209.40.

OSI Systems Stock Up 0.5 %

The firm has a 50 day moving average of $177.98 and a 200 day moving average of $157.32. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of 26.65, a PEG ratio of 1.66 and a beta of 1.19. The company has a quick ratio of 1.25, a current ratio of 1.88 and a debt-to-equity ratio of 0.56.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.08. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. As a group, sell-side analysts predict that OSI Systems, Inc. will post 9.22 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Deepak Chopra sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $153.42, for a total value of $2,301,300.00. Following the transaction, the chief executive officer now owns 424,323 shares in the company, valued at $65,099,634.66. This trade represents a 3.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Manoocher M. Aliabadi sold 1,728 shares of OSI Systems stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $180.39, for a total value of $311,713.92. Following the sale, the insider now owns 80,603 shares in the company, valued at $14,539,975.17. This trade represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,447 shares of company stock worth $7,821,262. Corporate insiders own 5.20% of the company’s stock.

Institutional Trading of OSI Systems

A number of large investors have recently bought and sold shares of OSIS. Richardson Financial Services Inc. grew its position in shares of OSI Systems by 65.6% in the fourth quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock valued at $26,000 after purchasing an additional 61 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of OSI Systems by 243.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company’s stock valued at $46,000 after purchasing an additional 195 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of OSI Systems by 15,075.0% in the third quarter. International Assets Investment Management LLC now owns 607 shares of the technology company’s stock valued at $92,000 after purchasing an additional 603 shares in the last quarter. KBC Group NV grew its position in shares of OSI Systems by 37.1% in the fourth quarter. KBC Group NV now owns 699 shares of the technology company’s stock valued at $117,000 after purchasing an additional 189 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its position in shares of OSI Systems by 36.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 768 shares of the technology company’s stock valued at $129,000 after purchasing an additional 207 shares in the last quarter. 89.21% of the stock is owned by hedge funds and other institutional investors.

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.