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

OSI Systems, Inc. (NASDAQ:OSIS) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $214.00 and last traded at $213.87, with a volume of 1745 shares trading hands. The stock had previously closed at $211.67.

Analysts Set New Price Targets

OSIS has been the subject of several analyst reports. B. Riley boosted their target price on shares of OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Roth Mkm boosted their target price on shares of OSI Systems from $178.00 to $224.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Wells Fargo & Company boosted their target price on shares of 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 cut shares of OSI Systems from a “hold” rating to a “sell” rating in a research note on Monday. Finally, Oppenheimer boosted their target price on shares of OSI Systems from $205.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to data from MarketBeat, OSI Systems currently has a consensus rating of “Moderate Buy” and an average target price of $209.40.

OSI Systems Price Performance

The firm has a market cap of $3.60 billion, a PE ratio of 27.59, a price-to-earnings-growth ratio of 1.83 and a beta of 1.19. The stock’s fifty day moving average price is $183.33 and its 200-day moving average price is $161.42. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.88 and a quick ratio of 1.25.

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

Insider Activity at OSI Systems

In related news, insider Manoocher M. Aliabadi sold 1,728 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $180.39, for a total value of $311,713.92. Following the completion of the sale, the insider now owns 80,603 shares of the company’s stock, valued at approximately $14,539,975.17. This represents a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Paul Keith Morben sold 155 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $199.36, for a total transaction of $30,900.80. Following the completion of the transaction, the insider now directly owns 10,077 shares in the company, valued at $2,008,950.72. The trade was a 1.51 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,447 shares of company stock valued at $5,519,962. 5.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of OSIS. Creative Planning lifted its position in OSI Systems by 55.2% in the third quarter. Creative Planning now owns 2,605 shares of the technology company’s stock valued at $396,000 after buying an additional 926 shares during the last quarter. Stanley Laman Group Ltd. lifted its position in OSI Systems by 22.8% in the third quarter. Stanley Laman Group Ltd. now owns 25,774 shares of the technology company’s stock valued at $3,913,000 after buying an additional 4,783 shares during the last quarter. International Assets Investment Management LLC lifted its position in 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 buying an additional 603 shares during the last quarter. Moody Aldrich Partners LLC lifted its position in OSI Systems by 10.1% in the third quarter. Moody Aldrich Partners LLC now owns 33,274 shares of the technology company’s stock valued at $5,052,000 after buying an additional 3,053 shares during the last quarter. Finally, GHP Investment Advisors Inc. lifted its position in OSI Systems by 71.2% in the third quarter. GHP Investment Advisors Inc. now owns 26,872 shares of the technology company’s stock valued at $4,080,000 after buying an additional 11,173 shares during the last quarter. Institutional investors and hedge funds own 89.21% of the company’s stock.

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.