OSI Systems (NASDAQ:OSIS) Reaches New 1-Year High – Here’s Why

OSI Systems, Inc. (NASDAQ:OSIS) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $209.40 and last traded at $206.42, with a volume of 206799 shares. The stock had previously closed at $207.07.

Wall Street Analysts Forecast Growth

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

OSI Systems Price Performance

The company has a quick ratio of 1.25, a current ratio of 1.88 and a debt-to-equity ratio of 0.56. The firm’s fifty day moving average price is $179.67 and its 200-day moving average price is $158.68. The stock has a market cap of $3.51 billion, a P/E ratio of 26.89, a PEG ratio of 1.74 and a beta of 1.19.

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

Insider Activity at OSI Systems

In other OSI Systems news, insider Paul Keith Morben sold 155 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $199.36, for a total transaction of $30,900.80. Following the transaction, the insider now owns 10,077 shares in the company, valued at approximately $2,008,950.72. This represents a 1.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Manoocher M. Aliabadi sold 2,509 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $180.02, for a total value of $451,670.18. Following the completion of the transaction, the insider now directly owns 78,094 shares of the company’s stock, valued at $14,058,481.88. This represents a 3.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,447 shares of company stock worth $5,519,962 over the last quarter. 5.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On OSI Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Richardson Financial Services Inc. lifted its position in OSI Systems by 65.6% during the fourth quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock valued at $26,000 after buying an additional 61 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of OSI Systems by 243.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company’s stock worth $46,000 after acquiring an additional 195 shares in the last quarter. International Assets Investment Management LLC lifted its position in OSI Systems by 15,075.0% during the 3rd quarter. International Assets Investment Management LLC now owns 607 shares of the technology company’s stock valued at $92,000 after acquiring an additional 603 shares during the period. CIBC Private Wealth Group LLC boosted its stake in OSI Systems by 241.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 683 shares of the technology company’s stock worth $108,000 after acquiring an additional 483 shares in the last quarter. Finally, KBC Group NV grew its holdings in OSI Systems by 37.1% in the fourth quarter. KBC Group NV now owns 699 shares of the technology company’s stock worth $117,000 after purchasing an additional 189 shares during the period. 89.21% of the stock is owned by hedge funds and other institutional investors.

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.