Insider Selling: OSI Systems, Inc. (NASDAQ:OSIS) Insider Sells 155 Shares of Stock

OSI Systems, Inc. (NASDAQ:OSIS) insider Paul Keith Morben sold 155 shares of the company’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $199.36, for a total value of $30,900.80. Following the sale, the insider now owns 10,077 shares of the company’s stock, valued at $2,008,950.72. This trade represents a 1.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

OSI Systems Stock Performance

Shares of OSIS stock traded up $1.71 during mid-day trading on Friday, reaching $197.91. The stock had a trading volume of 58,129 shares, compared to its average volume of 218,629. The business’s fifty day moving average is $175.03 and its 200-day moving average is $155.50. 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 firm has a market cap of $3.32 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 1.66 and a beta of 1.19. OSI Systems, Inc. has a 1-year low of $126.57 and a 1-year high of $201.42.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings data on Thursday, January 23rd. The technology company reported $2.42 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.08. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. On average, research analysts forecast that OSI Systems, Inc. will post 9.22 earnings per share for the current year.

Institutional Trading of OSI Systems

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Janus Henderson Group PLC grew its holdings in OSI Systems by 2.5% during the third quarter. Janus Henderson Group PLC now owns 1,209,168 shares of the technology company’s stock worth $183,589,000 after acquiring an additional 29,858 shares during the period. State Street Corp grew its holdings in OSI Systems by 0.9% during the third quarter. State Street Corp now owns 727,690 shares of the technology company’s stock worth $110,485,000 after acquiring an additional 6,514 shares during the period. FMR LLC grew its holdings in OSI Systems by 4,891.4% during the third quarter. FMR LLC now owns 644,396 shares of the technology company’s stock worth $97,839,000 after acquiring an additional 631,486 shares during the period. Geode Capital Management LLC grew its holdings in OSI Systems by 1.5% during the third quarter. Geode Capital Management LLC now owns 380,092 shares of the technology company’s stock worth $57,720,000 after acquiring an additional 5,718 shares during the period. Finally, Primecap Management Co. CA grew its holdings in OSI Systems by 4.9% in the third quarter. Primecap Management Co. CA now owns 294,500 shares of the technology company’s stock valued at $44,714,000 after purchasing an additional 13,880 shares during the period. 89.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on OSIS. B. Riley increased their price target on OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Oppenheimer increased their price target on OSI Systems from $205.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Roth Mkm increased their price target on OSI Systems from $178.00 to $224.00 and gave the company a “buy” rating in a research note on Friday, January 24th. StockNews.com upgraded OSI Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, December 10th. Finally, Wells Fargo & Company increased their price target on OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, OSI Systems has an average rating of “Moderate Buy” and an average target price of $209.40.

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.