OSI Systems (NASDAQ:OSIS) Shares Down 6.7%

OSI Systems, Inc. (NASDAQ:OSIS)’s share price was down 6.7% on Thursday . The company traded as low as $128.92 and last traded at $130.39. Approximately 14,954 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 90,650 shares. The stock had previously closed at $139.71.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on OSIS shares. StockNews.com lowered shares of OSI Systems from a “buy” rating to a “hold” rating in a research report on Saturday. Roth Mkm raised their target price on shares of OSI Systems from $169.00 to $172.00 and gave the company a “buy” rating in a research report on Friday.

OSI Systems Trading Up 0.5 %

The company has a market cap of $2.30 billion, a price-to-earnings ratio of 18.54, a price-to-earnings-growth ratio of 1.51 and a beta of 0.98. The business’s fifty day moving average price is $135.68 and its 200 day moving average price is $127.40. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.47 and a quick ratio of 0.80.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings results on Thursday, April 25th. The technology company reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $2.11 by $0.05. The company had revenue of $405.41 million for the quarter, compared to analyst estimates of $401.99 million. OSI Systems had a net margin of 8.56% and a return on equity of 18.10%. OSI Systems’s revenue was up 33.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.49 earnings per share. Research analysts anticipate that OSI Systems, Inc. will post 8.07 earnings per share for the current fiscal year.

Insider Activity at OSI Systems

In related news, General Counsel Victor S. Sze sold 15,000 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $131.22, for a total value of $1,968,300.00. Following the transaction, the general counsel now owns 78,116 shares in the company, valued at $10,250,381.52. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO Deepak Chopra sold 20,000 shares of the business’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $129.11, for a total value of $2,582,200.00. Following the transaction, the chief executive officer now owns 468,615 shares in the company, valued at $60,502,882.65. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, General Counsel Victor S. Sze sold 15,000 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $131.22, for a total transaction of $1,968,300.00. Following the completion of the transaction, the general counsel now owns 78,116 shares in the company, valued at approximately $10,250,381.52. The disclosure for this sale can be found here. Insiders have sold a total of 50,000 shares of company stock worth $6,503,650 over the last quarter. Company insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On OSI Systems

Hedge funds and other institutional investors have recently bought and sold shares of the stock. West Paces Advisors Inc. bought a new stake in OSI Systems in the first quarter valued at $28,000. Global Retirement Partners LLC increased its stake in OSI Systems by 1,021.1% in the first quarter. Global Retirement Partners LLC now owns 213 shares of the technology company’s stock valued at $30,000 after purchasing an additional 194 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in OSI Systems by 27.1% in the third quarter. Parkside Financial Bank & Trust now owns 422 shares of the technology company’s stock valued at $50,000 after purchasing an additional 90 shares in the last quarter. Quest Partners LLC bought a new stake in OSI Systems in the fourth quarter valued at $53,000. Finally, International Assets Investment Management LLC increased its stake in OSI Systems by 3,585.7% in the fourth quarter. International Assets Investment Management LLC now owns 516 shares of the technology company’s stock valued at $67,000 after purchasing an additional 502 shares in the last quarter. 89.21% of the stock is owned by institutional investors.

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.