OSI Systems, Inc. (NASDAQ:OSIS) CFO Sells $4,580,000.00 in Stock

OSI Systems, Inc. (NASDAQ:OSIS) CFO Alan I. Edrick sold 20,000 shares of the company’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $229.00, for a total transaction of $4,580,000.00. Following the completion of the sale, the chief financial officer now directly owns 284,953 shares in the company, valued at approximately $65,254,237. The trade was a 6.56% 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 OSI Systems stock opened at $232.00 on Friday. 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 market capitalization of $3.90 billion, a price-to-earnings ratio of 29.86, a P/E/G 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 $233.80. The firm’s 50-day moving average price is $199.83 and its two-hundred day moving average price is $185.41.

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

Institutional Trading of OSI Systems

Large investors have recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd bought a new stake in OSI Systems during the fourth quarter worth about $25,000. Richardson Financial Services Inc. lifted its position in shares of OSI Systems by 65.6% during the fourth quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock worth $26,000 after purchasing an additional 61 shares in the last quarter. National Bank of Canada FI lifted its position in shares of OSI Systems by 118.2% during the first quarter. National Bank of Canada FI now owns 144 shares of the technology company’s stock worth $28,000 after purchasing an additional 78 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of OSI Systems by 139.5% during the first quarter. Nisa Investment Advisors LLC now owns 194 shares of the technology company’s stock worth $38,000 after purchasing an additional 113 shares in the last quarter. Finally, Virtus Advisers LLC acquired a new position in shares of OSI Systems during the first quarter worth approximately $43,000. 89.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on OSIS. B. Riley reissued a “buy” rating and issued a $255.00 target price (up previously from $221.00) on shares of OSI Systems in a research note on Friday, May 2nd. StockNews.com raised shares of OSI Systems from a “sell” rating to a “hold” rating in a research note on Friday. Oppenheimer upped their target price on shares of OSI Systems from $225.00 to $260.00 and gave the company an “outperform” rating in a research note on Monday, May 5th. JPMorgan Chase & Co. began coverage on shares of OSI Systems in a research note on Friday, February 21st. They issued a “neutral” rating and a $225.00 target price on the stock. Finally, Wells Fargo & Company lowered their target price on shares of OSI Systems from $220.00 to $210.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.