Insider Selling: OSI Systems, Inc. (NASDAQ:OSIS) Insider Sells $41,236.20 in Stock

OSI Systems, Inc. (NASDAQ:OSIS) insider Paul Keith Morben sold 310 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $133.02, for a total transaction of $41,236.20. Following the sale, the insider now owns 8,834 shares in the company, valued at approximately $1,175,098.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

OSI Systems Trading Down 0.1 %

Shares of OSI Systems stock opened at $135.56 on Friday. OSI Systems, Inc. has a 1 year low of $103.04 and a 1 year high of $144.11. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.47 and a quick ratio of 0.89. The stock has a market cap of $2.31 billion, a PE ratio of 18.65, a price-to-earnings-growth ratio of 1.53 and a beta of 0.99. The firm has a fifty day moving average price of $135.85 and a 200 day moving average price of $127.91.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings data on Thursday, April 25th. The technology company reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.11 by $0.05. OSI Systems had a net margin of 8.56% and a return on equity of 18.10%. The business had revenue of $405.41 million during the quarter, compared to the consensus estimate of $401.99 million. During the same quarter in the prior year, the firm posted $1.49 earnings per share. The company’s revenue was up 33.8% compared to the same quarter last year. Equities research analysts predict that OSI Systems, Inc. will post 8.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on OSIS shares. StockNews.com cut shares of OSI Systems from a “buy” rating to a “hold” rating in a research note on Saturday, April 27th. Roth Mkm lifted their price target on shares of OSI Systems from $169.00 to $172.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Finally, Oppenheimer boosted their target price on OSI Systems from $157.00 to $160.00 and gave the company an “outperform” rating in a research report on Monday, April 29th.

Institutional Trading of OSI Systems

A number of institutional investors and hedge funds have recently made changes to their positions in OSIS. West Paces Advisors Inc. purchased a new stake in OSI Systems in the 1st quarter worth $28,000. Global Retirement Partners LLC increased its stake in shares of OSI Systems by 1,021.1% during the first quarter. Global Retirement Partners LLC now owns 213 shares of the technology company’s stock worth $30,000 after purchasing an additional 194 shares in the last quarter. Parkside Financial Bank & Trust raised its position in shares of OSI Systems by 27.1% during the 3rd quarter. Parkside Financial Bank & Trust now owns 422 shares of the technology company’s stock worth $50,000 after purchasing an additional 90 shares during the last quarter. Quest Partners LLC purchased a new position in OSI Systems in the 4th quarter valued at about $53,000. Finally, International Assets Investment Management LLC boosted its stake in OSI Systems by 3,585.7% during the 4th quarter. International Assets Investment Management LLC now owns 516 shares of the technology company’s stock worth $67,000 after purchasing an additional 502 shares during the last quarter. 89.21% of the stock is currently owned by hedge funds and other 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.