Insider Selling: OSI Systems, Inc. (NASDAQ:OSIS) CFO Sells 2,354 Shares of Stock

OSI Systems, Inc. (NASDAQ:OSIS) CFO Alan I. Edrick sold 2,354 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $188.42, for a total transaction of $443,540.68. Following the completion of the sale, the chief financial officer now directly owns 312,444 shares in the company, valued at approximately $58,870,698.48. The trade was a 0.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

OSI Systems Price Performance

Shares of OSIS stock opened at $181.79 on Friday. OSI Systems, Inc. has a 1 year low of $120.42 and a 1 year high of $189.13. The firm’s 50 day moving average is $155.39 and its 200-day moving average is $146.89. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 1.59 and a beta of 1.18. 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $318.66 million. During the same period in the prior year, the business earned $0.91 earnings per share. OSI Systems’s quarterly revenue was up 23.2% on a year-over-year basis. Sell-side analysts forecast that OSI Systems, Inc. will post 9.13 EPS for the current fiscal year.

Hedge Funds Weigh In On OSI Systems

Several large investors have recently bought and sold shares of OSIS. Quest Partners LLC acquired a new position in OSI Systems in the second quarter valued at approximately $40,000. Innealta Capital LLC acquired a new position in OSI Systems in the second quarter valued at approximately $82,000. International Assets Investment Management LLC lifted its holdings 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 valued at $92,000 after buying an additional 603 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in OSI Systems in the second quarter valued at approximately $160,000. Finally, nVerses Capital LLC acquired a new position in OSI Systems in the third quarter valued at approximately $182,000. 89.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on OSIS shares. Roth Mkm upped their target price on shares of OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. B. Riley upped their target price on shares of OSI Systems from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. StockNews.com raised shares of OSI Systems from a “sell” rating to a “hold” rating in a research note on Tuesday. Bank of America assumed coverage on shares of OSI Systems in a research note on Monday, September 30th. They issued a “buy” rating and a $175.00 target price on the stock. Finally, Wells Fargo & Company upped their price objective on shares of OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a research note on Wednesday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $179.00.

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.