OSI Systems (NASDAQ:OSIS) Shares Down 6.7%

OSI Systems, Inc. (NASDAQ:OSIS) shares dropped 6.7% during mid-day trading on Thursday . The company traded as low as $128.92 and last traded at $130.39. Approximately 14,954 shares traded hands during trading, a decline of 84% from the average daily volume of 90,650 shares. The stock had previously closed at $139.71.

Analyst Upgrades and Downgrades

OSIS has been the subject of a number of research reports. StockNews.com cut OSI Systems from a “buy” rating to a “hold” rating in a research report on Saturday. Roth Mkm boosted their price target on OSI Systems from $169.00 to $172.00 and gave the stock a “buy” rating in a research report on Friday.

OSI Systems Stock Up 0.5 %

The business has a 50-day simple moving average of $135.68 and a two-hundred day simple moving average of $127.40. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 18.54, a PEG ratio of 1.51 and a beta of 0.98. The company has a quick ratio of 0.80, a current ratio of 1.47 and a debt-to-equity ratio of 0.16.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings data on Thursday, April 25th. The technology company reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $2.11 by $0.05. The business had revenue of $405.41 million for the quarter, compared to analyst estimates of $401.99 million. OSI Systems had a return on equity of 18.10% and a net margin of 8.56%. The firm’s revenue for the quarter was up 33.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.49 earnings per share. As a group, equities analysts forecast that OSI Systems, Inc. will post 8.07 earnings per share for the current fiscal year.

Insider Activity at OSI Systems

In other OSI Systems news, General Counsel Victor S. Sze sold 15,000 shares of OSI Systems stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $131.22, for a total transaction of $1,968,300.00. Following the sale, the general counsel now directly owns 78,116 shares of the company’s stock, valued at $10,250,381.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other OSI Systems news, General Counsel Victor S. Sze sold 15,000 shares of OSI Systems stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $131.22, for a total transaction of $1,968,300.00. Following the sale, the general counsel now directly owns 78,116 shares of the company’s stock, valued at $10,250,381.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $129.11, for a total value of $2,582,200.00. Following the sale, the chief executive officer now directly owns 468,615 shares in the company, valued at $60,502,882.65. The disclosure for this sale can be found here. Insiders have sold 50,000 shares of company stock worth $6,503,650 over the last three months. Company insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC acquired a new position in OSI Systems during the 3rd quarter worth $118,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of OSI Systems during the 3rd quarter valued at $744,000. Robeco Institutional Asset Management B.V. raised its position in shares of OSI Systems by 112.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 182,820 shares of the technology company’s stock valued at $21,580,000 after acquiring an additional 96,641 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of OSI Systems by 20.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,062 shares of the technology company’s stock valued at $361,000 after acquiring an additional 513 shares during the last quarter. Finally, Chatham Capital Group Inc. bought a new stake in shares of OSI Systems during the 3rd quarter valued at $1,730,000. 89.21% of the stock is owned by institutional investors and hedge funds.

OSI Systems Company Profile

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.