OSI Systems (NASDAQ:OSIS) Hits New 52-Week High – What’s Next?

OSI Systems, Inc. (NASDAQ:OSIS) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $201.75 and last traded at $201.58, with a volume of 33189 shares traded. The stock had previously closed at $199.41.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. StockNews.com upgraded OSI Systems from a “sell” rating to a “hold” rating in a report on Tuesday, December 10th. Wells Fargo & Company raised their price target on OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Oppenheimer increased their price target on shares of OSI Systems from $205.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Roth Mkm raised their target price on OSI Systems from $178.00 to $224.00 and gave the company a “buy” rating in a report on Friday, January 24th. Finally, B. Riley upped their target price on OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a report on Friday, January 24th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, OSI Systems presently has an average rating of “Moderate Buy” and an average target price of $209.40.

OSI Systems Stock Performance

The stock has a market capitalization of $3.45 billion, a PE ratio of 26.37, a P/E/G ratio of 1.66 and a beta of 1.19. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 1.88. The firm has a 50 day moving average of $176.76 and a 200-day moving average of $156.65.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.08. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. Research analysts forecast that OSI Systems, Inc. will post 9.22 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Gerald M. Chizever sold 2,000 shares of OSI Systems stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $148.16, for a total transaction of $296,320.00. Following the transaction, the director now owns 7,701 shares of the company’s stock, valued at $1,140,980.16. This trade represents a 20.62 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Deepak Chopra sold 15,000 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $153.42, for a total value of $2,301,300.00. Following the completion of the transaction, the chief executive officer now directly owns 424,323 shares of the company’s stock, valued at approximately $65,099,634.66. The trade was a 3.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 46,447 shares of company stock worth $8,117,582 in the last 90 days. Corporate insiders own 5.20% of the company’s stock.

Institutional Investors Weigh In On OSI Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Richardson Financial Services Inc. grew its holdings in shares of OSI Systems by 65.6% in the 4th quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock valued at $26,000 after acquiring an additional 61 shares in the last quarter. Orion Portfolio Solutions LLC boosted its holdings in shares of OSI Systems by 3.3% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 3,301 shares of the technology company’s stock valued at $501,000 after buying an additional 106 shares during the last quarter. US Bancorp DE grew its stake in shares of OSI Systems by 4.8% in the third quarter. US Bancorp DE now owns 2,418 shares of the technology company’s stock valued at $367,000 after buying an additional 111 shares in the last quarter. KBC Group NV increased its holdings in OSI Systems by 37.1% during the fourth quarter. KBC Group NV now owns 699 shares of the technology company’s stock worth $117,000 after buying an additional 189 shares during the last quarter. Finally, Inspire Investing LLC lifted its stake in OSI Systems by 7.9% in the third quarter. Inspire Investing LLC now owns 2,741 shares of the technology company’s stock valued at $416,000 after acquiring an additional 200 shares during the last quarter. 89.21% of the stock is currently 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.