Alan I. Edrick Sells 13,696 Shares of OSI Systems, Inc. (NASDAQ:OSIS) Stock

OSI Systems, Inc. (NASDAQ:OSISGet Free Report) CFO Alan I. Edrick sold 13,696 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $142.54, for a total transaction of $1,952,227.84. Following the completion of the sale, the chief financial officer now owns 296,833 shares in the company, valued at $42,310,575.82. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

OSI Systems Price Performance

Shares of OSIS opened at $138.93 on Friday. The company has a market cap of $2.37 billion, a P/E ratio of 19.11, a PEG ratio of 1.57 and a beta of 1.11. OSI Systems, Inc. has a fifty-two week low of $103.04 and a fifty-two week high of $145.24. The company has a quick ratio of 0.89, a current ratio of 1.47 and a debt-to-equity ratio of 0.16. The firm’s 50 day moving average price is $138.25 and its 200 day moving average price is $132.35.

OSI Systems (NASDAQ:OSISGet Free Report) last posted 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. The business had revenue of $405.41 million for the quarter, compared to analyst estimates of $401.99 million. OSI Systems had a return on equity of 18.10% and a net margin of 8.56%. The company’s revenue was up 33.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.49 earnings per share. On average, research analysts forecast that OSI Systems, Inc. will post 8.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

OSIS has been the subject of a number of research analyst reports. Oppenheimer increased their price objective on shares of OSI Systems from $157.00 to $160.00 and gave the stock an “outperform” rating in a research report on Monday, April 29th. Roth Mkm lifted their price objective on OSI Systems from $169.00 to $172.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Finally, StockNews.com lowered OSI Systems from a “buy” rating to a “hold” rating in a research note on Saturday, April 27th.

View Our Latest Analysis on OSI Systems

Hedge Funds Weigh In On OSI Systems

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new stake in shares of OSI Systems during the fourth quarter worth approximately $14,921,000. Vanguard Group Inc. increased its position in shares of OSI Systems by 5.4% in the 4th quarter. Vanguard Group Inc. now owns 2,097,875 shares of the technology company’s stock valued at $270,731,000 after purchasing an additional 107,383 shares during the last quarter. SG Capital Management LLC raised its holdings in shares of OSI Systems by 2,952.6% in the 4th quarter. SG Capital Management LLC now owns 75,919 shares of the technology company’s stock valued at $9,797,000 after purchasing an additional 73,432 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of OSI Systems by 1,193.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 29,052 shares of the technology company’s stock worth $4,149,000 after purchasing an additional 26,806 shares during the last quarter. Finally, Van ECK Associates Corp grew its stake in shares of OSI Systems by 271.1% during the first quarter. Van ECK Associates Corp now owns 35,092 shares of the technology company’s stock worth $5,012,000 after purchasing an additional 25,636 shares in the last quarter. Hedge funds and other institutional investors own 89.21% of the company’s stock.

OSI Systems Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for OSI Systems (NASDAQ:OSIS)

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