Paul Keith Morben Sells 1,107 Shares of OSI Systems, Inc. (NASDAQ:OSIS) Stock

OSI Systems, Inc. (NASDAQ:OSIS) insider Paul Keith Morben sold 1,107 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $145.04, for a total transaction of $160,559.28. Following the completion of the transaction, the insider now owns 10,077 shares in the company, valued at approximately $1,461,568.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

OSI Systems Trading Up 2.4 %

NASDAQ OSIS opened at $145.39 on Friday. The company’s fifty day simple moving average is $143.93 and its 200-day simple moving average is $139.42. The stock has a market cap of $2.41 billion, a P/E ratio of 20.00, a PEG ratio of 1.43 and a beta of 1.08. OSI Systems, Inc. has a 52 week low of $103.04 and a 52 week high of $158.69. The company has a current ratio of 1.49, a quick ratio of 1.00 and a debt-to-equity ratio of 0.15.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings data on Thursday, August 22nd. The technology company reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $2.79 by $0.05. OSI Systems had a net margin of 8.33% and a return on equity of 17.80%. The company had revenue of $480.91 million during the quarter, compared to analysts’ expectations of $467.24 million. During the same period in the prior year, the company posted $2.66 EPS. The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. Equities research analysts predict that OSI Systems, Inc. will post 8.93 EPS for the current fiscal year.

Institutional Investors Weigh In On OSI Systems

Hedge funds have recently bought and sold shares of the business. West Paces Advisors Inc. purchased a new position in shares of OSI Systems during the 1st quarter valued at approximately $28,000. Global Retirement Partners LLC boosted its stake in OSI Systems by 1,021.1% during the 1st quarter. Global Retirement Partners LLC now owns 213 shares of the technology company’s stock valued at $30,000 after acquiring an additional 194 shares during the last quarter. Quest Partners LLC acquired a new position in OSI Systems during the 2nd quarter worth $40,000. Cape Investment Advisory Inc. bought a new stake in shares of OSI Systems in the 1st quarter worth about $63,000. Finally, Covestor Ltd raised its stake in shares of OSI Systems by 48,000.0% in the 1st quarter. Covestor Ltd now owns 481 shares of the technology company’s stock valued at $69,000 after purchasing an additional 480 shares in the last quarter. Institutional investors and hedge funds own 89.21% of the company’s stock.

Analyst Ratings Changes

OSIS has been the topic of several recent research reports. Roth Mkm lifted their target price on shares of OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a report on Friday, August 23rd. B. Riley boosted their price objective on OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd.

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.