OSI Systems (NASDAQ:OSIS) Reaches New 1-Year High – Here’s Why

OSI Systems, Inc. (NASDAQ:OSIS) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $233.80 and last traded at $230.14, with a volume of 14067 shares trading hands. The stock had previously closed at $223.53.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. StockNews.com raised OSI Systems from a “sell” rating to a “hold” rating in a report on Monday, May 5th. Roth Mkm increased their price objective on OSI Systems from $224.00 to $245.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Wells Fargo & Company decreased their price objective on OSI Systems from $220.00 to $210.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. B. Riley reissued a “buy” rating and issued a $255.00 price objective (up from $221.00) on shares of OSI Systems in a report on Friday, May 2nd. Finally, JPMorgan Chase & Co. assumed coverage on OSI Systems in a report on Friday, February 21st. They issued a “neutral” rating and a $225.00 price objective for the company. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $228.33.

OSI Systems Trading Up 1.4%

The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 1.88. The stock has a market cap of $3.87 billion, a PE ratio of 29.63, a PEG ratio of 1.81 and a beta of 1.28. The business has a 50-day moving average of $196.98 and a 200 day moving average of $183.77.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings data on Thursday, May 1st. The technology company reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.06. The business had revenue of $444.35 million for the quarter, compared to analyst estimates of $436.49 million. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. The company’s revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.16 EPS. Equities research analysts predict that OSI Systems, Inc. will post 9.22 EPS for the current fiscal year.

Insider Activity

In other OSI Systems news, Chairman Deepak Chopra sold 20,000 shares of the business’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $221.79, for a total transaction of $4,435,800.00. Following the completion of the transaction, the chairman now owns 339,478 shares in the company, valued at approximately $75,292,825.62. The trade was a 5.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William Francis Ballhaus, Jr. sold 933 shares of the company’s stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $219.77, for a total value of $205,045.41. Following the completion of the sale, the director now owns 24,805 shares of the company’s stock, valued at approximately $5,451,394.85. This trade represents a 3.62% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,621 shares of company stock worth $4,795,570. 5.20% of the stock is currently owned by insiders.

Institutional Trading of OSI Systems

Several hedge funds have recently added to or reduced their stakes in the business. Pinnacle Wealth Management LLC acquired a new stake in shares of OSI Systems in the 1st quarter valued at $636,000. American Century Companies Inc. raised its stake in shares of OSI Systems by 60.8% in the 1st quarter. American Century Companies Inc. now owns 18,035 shares of the technology company’s stock valued at $3,505,000 after purchasing an additional 6,819 shares during the period. Liontrust Investment Partners LLP acquired a new stake in shares of OSI Systems in the first quarter valued at about $711,000. Informed Momentum Co LLC acquired a new stake in shares of OSI Systems in the first quarter valued at about $4,752,000. Finally, Public Sector Pension Investment Board increased its position in OSI Systems by 27.9% during the first quarter. Public Sector Pension Investment Board now owns 49,579 shares of the technology company’s stock worth $9,635,000 after buying an additional 10,814 shares during the last quarter. Institutional investors 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.