OSI Systems, Inc. (NASDAQ:OSIS) Chairman Sells $4,435,800.00 in Stock

OSI Systems, Inc. (NASDAQ:OSIS) Chairman Deepak Chopra sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $221.79, for a total value of $4,435,800.00. Following the completion of the transaction, the chairman now directly owns 339,478 shares in the company, valued at approximately $75,292,825.62. This represents a 5.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

OSI Systems Trading Up 0.6 %

Shares of NASDAQ OSIS opened at $223.56 on Friday. The stock has a market capitalization of $3.76 billion, a P/E ratio of 28.77, a PEG ratio of 1.81 and a beta of 1.28. OSI Systems, Inc. has a 1-year low of $129.18 and a 1-year high of $227.34. The business’s 50 day moving average is $195.13 and its two-hundred day moving average is $182.21. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.88 and a quick ratio of 1.25.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings results on Thursday, May 1st. The technology company reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.06. The company had revenue of $444.35 million for the quarter, compared to analyst estimates of $436.49 million. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. OSI Systems’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.16 EPS. As a group, research analysts expect that OSI Systems, Inc. will post 9.22 EPS for the current year.

Hedge Funds Weigh In On OSI Systems

A number of large investors have recently made changes to their positions in the company. Aster Capital Management DIFC Ltd purchased a new stake in OSI Systems in the 4th quarter worth about $25,000. Richardson Financial Services Inc. raised its holdings in shares of OSI Systems by 65.6% in the fourth quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock worth $26,000 after buying an additional 61 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of OSI Systems by 139.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 194 shares of the technology company’s stock worth $38,000 after acquiring an additional 113 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in OSI Systems by 243.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company’s stock valued at $46,000 after acquiring an additional 195 shares during the period. Finally, CIBC Private Wealth Group LLC grew its position in OSI Systems by 241.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 683 shares of the technology company’s stock valued at $108,000 after acquiring an additional 483 shares during the last quarter. 89.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on OSIS. StockNews.com upgraded shares of OSI Systems from a “sell” rating to a “hold” rating in a research report on Monday, May 5th. B. Riley reiterated a “buy” rating and issued a $255.00 price target (up previously from $221.00) on shares of OSI Systems in a research note on Friday, May 2nd. Wells Fargo & Company cut their price objective on OSI Systems from $220.00 to $210.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. began coverage on OSI Systems in a research report on Friday, February 21st. They issued a “neutral” rating and a $225.00 target price on the stock. Finally, Roth Mkm raised their price target on OSI Systems from $224.00 to $245.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $228.33.

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.