Key Points
- Director Deepak Chopra sold 20,000 OSIS shares on Feb 2 at an average price of $250.91 for a total of $5,018,200, reducing his stake by 6.82% to 273,044 shares (worth roughly $68.5M); he also sold 20,000 shares on Nov 10 at $285.74 ($5.715M).
- Company results and analyst sentiment are positive: OSI beat quarterly expectations (EPS $2.58 vs $2.52; revenue $464.1M, up 10.5% YoY), and most analysts rate the stock a Buy with a consensus target of about $282 and several firms raising price targets into the high $200s–$320 range.
OSI Systems, Inc. (NASDAQ:OSIS - Get Free Report) Director Deepak Chopra sold 20,000 shares of the firm's stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $250.91, for a total value of $5,018,200.00. Following the completion of the sale, the director directly owned 273,044 shares of the company's stock, valued at $68,509,470.04. The trade was a 6.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Deepak Chopra also recently made the following trade(s):
- On Monday, November 10th, Deepak Chopra sold 20,000 shares of OSI Systems stock. The shares were sold at an average price of $285.74, for a total transaction of $5,714,800.00.
OSI Systems Stock Performance
Shares of OSIS opened at $253.10 on Thursday. OSI Systems, Inc. has a one year low of $153.40 and a one year high of $294.93. The firm has a market capitalization of $4.17 billion, a PE ratio of 28.66, a price-to-earnings-growth ratio of 2.12 and a beta of 1.35. The company has a 50-day simple moving average of $270.13 and a two-hundred day simple moving average of $252.16. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.15 and a quick ratio of 2.31.
OSI Systems (NASDAQ:OSIS - Get Free Report) last released its quarterly earnings results on Thursday, January 29th. The technology company reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.06. The company had revenue of $464.06 million for the quarter, compared to analyst estimates of $449.51 million. OSI Systems had a return on equity of 18.58% and a net margin of 8.52%.The firm's revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.42 earnings per share. On average, analysts anticipate that OSI Systems, Inc. will post 9.22 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
OSIS has been the topic of several research reports. Roth Mkm boosted their price objective on shares of OSI Systems from $292.00 to $295.00 and gave the stock a "buy" rating in a research note on Friday, January 30th. B. Riley lifted their target price on shares of OSI Systems from $300.00 to $320.00 and gave the company a "buy" rating in a report on Friday, January 30th. Weiss Ratings reissued a "buy (b)" rating on shares of OSI Systems in a research report on Thursday, January 22nd. UBS Group set a $292.00 price objective on OSI Systems in a research report on Monday, December 1st. Finally, JPMorgan Chase & Co. lifted their price objective on OSI Systems from $255.00 to $262.00 and gave the company a "neutral" rating in a research note on Monday. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, OSI Systems has an average rating of "Moderate Buy" and a consensus target price of $282.00.
View Our Latest Report on OSIS
Hedge Funds Weigh In On OSI Systems
A number of hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its stake in shares of OSI Systems by 519.8% in the first quarter. Royal Bank of Canada now owns 10,257 shares of the technology company's stock worth $1,993,000 after acquiring an additional 8,602 shares during the period. AQR Capital Management LLC increased its stake in OSI Systems by 64.2% in the 1st quarter. AQR Capital Management LLC now owns 11,656 shares of the technology company's stock worth $2,265,000 after buying an additional 4,558 shares in the last quarter. Strs Ohio bought a new stake in OSI Systems during the 1st quarter valued at approximately $97,000. 111 Capital purchased a new position in shares of OSI Systems in the second quarter worth $266,000. Finally, Blair William & Co. IL purchased a new stake in shares of OSI Systems in the second quarter worth about $651,000. 89.21% of the stock is currently owned by hedge funds and other institutional investors.
OSI Systems Company Profile
(
Get Free Report)
OSI Systems, Inc (NASDAQ: OSIS) is a publicly traded technology company founded in 1987 and headquartered in Hawthorne, California. The company designs, develops and manufactures advanced security and inspection systems, optoelectronic devices and medical imaging equipment. Over its history, OSI Systems has grown its product offerings through internal research and development as well as strategic acquisitions, expanding its capabilities in mission-critical sensing and inspection technologies.
OSI Systems operates three primary business segments.
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