OSI Systems (NASDAQ:OSIS) Insider Paul Keith Morben Sells 536 Shares of Stock

OSI Systems, Inc. (NASDAQ:OSIS) insider Paul Morben sold 536 shares of the business’s stock in a transaction on Monday, November 9th. The shares were sold at an average price of $200.00, for a total transaction of $107,200.00. Following the sale, the insider directly owned 9,379 shares of the company’s stock, valued at $1,875,800. This represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

OSI Systems Trading Up 2.5%

Shares of OSIS opened at $201.36 on Tuesday. The company has a current ratio of 2.89, a quick ratio of 2.05 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $3.17 billion, a P/E ratio of 19.11, a price-to-earnings-growth ratio of 1.51 and a beta of 1.26. The stock’s fifty day simple moving average is $199.10 and its 200 day simple moving average is $235.09. OSI Systems, Inc. has a twelve month low of $186.50 and a twelve month high of $311.72.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings results on Thursday, October 29th. The technology company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.01. The firm had revenue of $403.47 million during the quarter, compared to the consensus estimate of $396.11 million. OSI Systems had a return on equity of 21.57% and a net margin of 8.79%. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.42 earnings per share. On average, equities research analysts forecast that OSI Systems, Inc. will post 11.45 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on OSIS. Weiss Ratings reissued a “hold (c+)” rating on shares of OSI Systems in a research report on Wednesday, October 28th. Roth Capital restated a “buy” rating and issued a $274.00 price target on shares of OSI Systems in a report on Friday, August 21st. Bank of America reduced their price target on shares of OSI Systems from $315.00 to $300.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. Oppenheimer decreased their price objective on shares of OSI Systems from $300.00 to $265.00 and set an “outperform” rating for the company in a research note on Thursday, October 8th. Finally, B. Riley Financial reissued a “buy” rating and issued a $265.00 price objective (down from $320.00) on shares of OSI Systems in a research report on Friday, August 21st. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $276.71.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Jupiter Topco LLC purchased a new stake in shares of OSI Systems in the second quarter worth about $198,127,000. Janus Henderson Group PLC raised its holdings in shares of OSI Systems by 2.6% during the 1st quarter. Janus Henderson Group PLC now owns 772,314 shares of the technology company’s stock valued at $205,056,000 after buying an additional 19,747 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of OSI Systems by 5.1% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 452,547 shares of the technology company’s stock valued at $98,972,000 after buying an additional 21,986 shares during the period. William Blair Investment Management LLC purchased a new stake in shares of OSI Systems during the 2nd quarter valued at about $82,964,000. Finally, Primecap Management Co. CA acquired a new position in OSI Systems during the 2nd quarter worth approximately $56,464,000. Institutional investors and hedge funds own 89.21% of the company’s stock.

OSI Systems Company Profile

OSI Systems, Inc develops and manufactures security, healthcare, and optoelectronic products. Founded in 1987 and headquartered in Hawthorne, California, the company serves customers in the United States and internationally through three business areas: Security, Healthcare, and Optoelectronics and Manufacturing.

Its Security division provides screening systems and related services for applications such as airports, borders, ports, and critical infrastructure. Products include systems for inspecting people, baggage, cargo, and vehicles, as well as security detection equipment.

Through its healthcare business, including Spacelabs Healthcare, OSI Systems supplies patient-monitoring and diagnostic cardiology products.