Insider Selling: OSI Systems, Inc. (NASDAQ:OSIS) Director Sells $296,320.00 in Stock

OSI Systems, Inc. (NASDAQ:OSIS) Director Gerald M. Chizever sold 2,000 shares of OSI Systems stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $148.16, for a total value of $296,320.00. Following the transaction, the director now directly owns 7,701 shares in the company, valued at approximately $1,140,980.16. This trade represents a 20.62 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

OSI Systems Trading Down 0.6 %

NASDAQ:OSIS opened at $151.97 on Friday. OSI Systems, Inc. has a 12 month low of $115.33 and a 12 month high of $158.69. The stock has a market capitalization of $2.54 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 1.42 and a beta of 1.10. The firm has a fifty day simple moving average of $143.89 and a two-hundred day simple moving average of $141.86. The company has a current ratio of 1.84, a quick ratio of 1.20 and a debt-to-equity ratio of 0.60.

OSI Systems (NASDAQ:OSIS) last announced its earnings results on Thursday, October 24th. The technology company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.06 by $0.19. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. The company had revenue of $344.01 million during the quarter, compared to the consensus estimate of $318.66 million. During the same quarter in the prior year, the company posted $0.91 earnings per share. The firm’s revenue for the quarter was up 23.2% on a year-over-year basis. Analysts expect that OSI Systems, Inc. will post 9.12 EPS for the current fiscal year.

Institutional Trading of OSI Systems

Several institutional investors and hedge funds have recently bought and sold shares of OSIS. Quest Partners LLC purchased a new stake in shares of OSI Systems during the second quarter valued at $40,000. Cape Investment Advisory Inc. bought a new stake in shares of OSI Systems during the first quarter valued at approximately $63,000. Covestor Ltd lifted its stake in OSI Systems by 48,000.0% in the 1st quarter. Covestor Ltd now owns 481 shares of the technology company’s stock worth $69,000 after purchasing an additional 480 shares in the last quarter. Innealta Capital LLC bought a new position in OSI Systems during the second quarter valued at approximately $82,000. Finally, International Assets Investment Management LLC increased 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 worth $92,000 after purchasing an additional 603 shares during the last quarter. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on OSIS. B. Riley boosted their price target on shares of OSI Systems from $165.00 to $180.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Roth Mkm lifted their price target on OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Bank of America began coverage on OSI Systems in a report on Monday, September 30th. They set a “buy” rating and a $175.00 price target for the company. Finally, Wells Fargo & Company boosted their target price on shares of OSI Systems from $170.00 to $172.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $173.00.

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.