OSI Systems (NASDAQ:OSIS) Hits New 1-Year High – Still a Buy?

OSI Systems, Inc. (NASDAQ:OSIS)’s share price hit a new 52-week high on Tuesday . The company traded as high as $214.00 and last traded at $213.87, with a volume of 1745 shares traded. The stock had previously closed at $211.67.

Analysts Set New Price Targets

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

OSI Systems Price Performance

The business has a 50-day moving average price of $182.03 and a two-hundred day moving average price of $160.47. 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 company has a market capitalization of $3.64 billion, a price-to-earnings ratio of 27.88, a price-to-earnings-growth ratio of 1.74 and a beta of 1.19.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings data on Thursday, January 23rd. The technology company reported $2.42 earnings per share for the quarter, topping 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%. As a group, research analysts anticipate that OSI Systems, Inc. will post 9.22 EPS for the current year.

Insider Buying and Selling at OSI Systems

In other OSI Systems news, insider Paul Keith Morben sold 155 shares of the firm’s stock in a transaction 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 directly owns 10,077 shares in the company, valued at approximately $2,008,950.72. This trade represents a 1.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gerald M. Chizever sold 2,701 shares of OSI Systems stock in a transaction on Monday, January 27th. The stock was sold at an average price of $195.83, for a total transaction of $528,936.83. Following the transaction, the director now directly owns 5,000 shares in the company, valued at $979,150. This represents a 35.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,447 shares of company stock worth $5,519,962. Insiders own 5.20% of the company’s stock.

Institutional Investors Weigh In On OSI Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in OSIS. State Street Corp boosted its stake in shares of OSI Systems by 0.9% in the 3rd quarter. State Street Corp now owns 727,690 shares of the technology company’s stock worth $110,485,000 after buying an additional 6,514 shares during the last quarter. Park Avenue Securities LLC boosted its position in OSI Systems by 36.0% in the fourth quarter. Park Avenue Securities LLC now owns 6,275 shares of the technology company’s stock worth $1,051,000 after purchasing an additional 1,660 shares during the last quarter. Victory Capital Management Inc. boosted its position in OSI Systems by 25.8% in the third quarter. Victory Capital Management Inc. now owns 123,213 shares of the technology company’s stock worth $18,707,000 after purchasing an additional 25,262 shares during the last quarter. HighTower Advisors LLC bought a new position in OSI Systems in the 3rd quarter valued at $443,000. Finally, Citigroup Inc. increased its position in shares of OSI Systems by 64.9% during the 3rd quarter. Citigroup Inc. now owns 27,320 shares of the technology company’s stock valued at $4,148,000 after purchasing an additional 10,753 shares during the last quarter. Hedge funds and other 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.