Glenn Grindstaff Sells 688 Shares of OSI Systems, Inc. (NASDAQ:OSIS) Stock

OSI Systems, Inc. (NASDAQ:OSIS) insider Glenn Grindstaff sold 688 shares of the firm’s stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $224.89, for a total value of $154,724.32. Following the completion of the sale, the insider now directly owns 8,354 shares of the company’s stock, valued at $1,878,731.06. The trade was a 7.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

OSI Systems Price Performance

Shares of OSIS stock opened at $223.56 on Friday. OSI Systems, Inc. has a twelve month low of $129.18 and a twelve month high of $227.34. The company has a current ratio of 1.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.56. The stock has a fifty day simple moving average of $195.13 and a two-hundred day simple moving average of $182.48. The stock has a market capitalization of $3.76 billion, a price-to-earnings ratio of 28.77, a P/E/G ratio of 1.81 and a beta of 1.28.

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

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On OSI Systems

A number of large investors have recently bought and sold shares of the business. Park Avenue Securities LLC raised its position in shares of OSI Systems by 36.0% in the 4th quarter. Park Avenue Securities LLC now owns 6,275 shares of the technology company’s stock worth $1,051,000 after acquiring an additional 1,660 shares in the last quarter. Schroder Investment Management Group bought a new position in OSI Systems in the fourth quarter worth about $472,000. Barclays PLC lifted its position in shares of OSI Systems by 252.3% during the third quarter. Barclays PLC now owns 35,519 shares of the technology company’s stock valued at $5,392,000 after buying an additional 25,437 shares during the last quarter. Register Financial Advisors LLC boosted its holdings in shares of OSI Systems by 128.0% in the 4th quarter. Register Financial Advisors LLC now owns 11,400 shares of the technology company’s stock valued at $1,909,000 after buying an additional 6,400 shares in the last quarter. Finally, Avanza Fonder AB purchased a new position in shares of OSI Systems in the 4th quarter worth approximately $370,000. Institutional investors own 89.21% of the company’s stock.

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.