Key Points
- OSI Systems insider Paul Morben sold 536 shares at an average price of $200, receiving $107,200. He retained 9,379 shares after the sale, a 5.41% reduction in his holdings.
- The company reported quarterly earnings of $1.66 per share, slightly above the $1.65 consensus, and revenue of $403.47 million, ahead of estimates.
- Analysts maintain a “Moderate Buy” consensus rating with an average price target of $276.71; five analysts rate the stock Buy and two rate it Hold.
OSI Systems, Inc. (NASDAQ:OSIS - Get Free Report) insider Paul Morben sold 536 shares of the business's stock in a transaction on Monday, November 9th. The stock was sold at an average price of $200.00, for a total transaction of $107,200.00. Following the transaction, the insider directly owned 9,379 shares in the company, valued at approximately $1,875,800. The trade was a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
OSI Systems Price Performance
Shares of OSIS stock opened at $201.36 on Tuesday. The firm has a fifty day simple moving average of $199.10 and a 200-day simple moving average of $235.09. The company has a market capitalization of $3.17 billion, a PE ratio of 19.11, a price-to-earnings-growth ratio of 1.51 and a beta of 1.26. OSI Systems, Inc. has a twelve month low of $186.50 and a twelve month high of $311.72. The company has a current ratio of 2.89, a quick ratio of 2.05 and a debt-to-equity ratio of 1.28.
OSI Systems (NASDAQ:OSIS - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The technology company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.01. OSI Systems had a net margin of 8.79% and a return on equity of 21.57%. The firm had revenue of $403.47 million for the quarter, compared to the consensus estimate of $396.11 million. During the same quarter in the previous year, the firm posted $1.42 EPS. The firm's quarterly revenue was up .0% on a year-over-year basis. Equities research analysts anticipate that OSI Systems, Inc. will post 11.45 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several analysts have recently weighed in on OSIS shares. B. Riley Financial restated a "buy" rating and set a $265.00 target price (down from $320.00) on shares of OSI Systems in a research note on Friday, August 21st. Bank of America cut their price target on OSI Systems from $315.00 to $300.00 and set a "buy" rating on the stock in a research note on Monday, July 20th. Roth Capital reissued a "buy" rating and issued a $274.00 price target on shares of OSI Systems in a report on Friday, August 21st. Oppenheimer lowered their price objective on OSI Systems from $300.00 to $265.00 and set an "outperform" rating for the company in a research note on Thursday, October 8th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of OSI Systems in a report on Wednesday, October 28th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, OSI Systems presently has an average rating of "Moderate Buy" and a consensus target price of $276.71.
Read Our Latest Stock Report on OSI Systems
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Transamerica Financial Advisors LLC bought a new position in OSI Systems during the 2nd quarter valued at $26,000. Group One Trading LLC bought a new stake in shares of OSI Systems in the 1st quarter worth about $27,000. IFP Advisors Inc increased its position in shares of OSI Systems by 201.9% in the 3rd quarter. IFP Advisors Inc now owns 163 shares of the technology company's stock worth $32,000 after purchasing an additional 109 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of OSI Systems in the 2nd quarter valued at about $35,000. Finally, Keating Financial Advisory Services Inc. acquired a new stake in shares of OSI Systems in the 2nd quarter valued at about $39,000. 89.21% of the stock is currently owned by institutional investors.
About OSI Systems
(
Get Free Report)
OSI Systems, Inc develops and manufactures security, healthcare, and optoelectronic products. Founded in 1987 and headquartered in Hawthorne, California, the company serves customers in the United States and internationally through three business areas: Security, Healthcare, and Optoelectronics and Manufacturing.
Its Security division provides screening systems and related services for applications such as airports, borders, ports, and critical infrastructure. Products include systems for inspecting people, baggage, cargo, and vehicles, as well as security detection equipment.
Through its healthcare business, including Spacelabs Healthcare, OSI Systems supplies patient-monitoring and diagnostic cardiology products.
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