OSI Systems (NASDAQ:OSIS) Shares Gap Up to $145.39

OSI Systems, Inc. (NASDAQ:OSIS) gapped up prior to trading on Tuesday . The stock had previously closed at $145.39, but opened at $152.24. OSI Systems shares last traded at $151.83, with a volume of 5,555 shares trading hands.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. B. Riley upped their price objective on shares of OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Bank of America assumed coverage on shares of OSI Systems in a report on Monday. They issued a “buy” rating and a $175.00 target price on the stock. Wells Fargo & Company initiated coverage on OSI Systems in a research note on Wednesday, September 18th. They set an “overweight” rating and a $170.00 price target for the company. Finally, Roth Mkm increased their price objective on OSI Systems from $172.00 to $178.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, OSI Systems presently has an average rating of “Moderate Buy” and an average target price of $172.60.

OSI Systems Price Performance

The company has a market capitalization of $2.54 billion, a P/E ratio of 20.46, a price-to-earnings-growth ratio of 1.50 and a beta of 1.08. The business’s 50-day moving average is $144.37 and its two-hundred day moving average is $140.59. The company has a quick ratio of 1.00, a current ratio of 1.49 and a debt-to-equity ratio of 0.15.

OSI Systems (NASDAQ:OSIS) last posted its earnings results on Thursday, August 22nd. The technology company reported $2.84 EPS for the quarter, topping the consensus estimate of $2.79 by $0.05. OSI Systems had a net margin of 8.33% and a return on equity of 17.80%. The firm had revenue of $480.91 million for the quarter, compared to analysts’ expectations of $467.24 million. During the same quarter last year, the firm earned $2.66 EPS. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. As a group, analysts predict that OSI Systems, Inc. will post 8.93 earnings per share for the current year.

Insider Activity

In other OSI Systems news, insider Paul Keith Morben sold 1,107 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $145.04, for a total value of $160,559.28. Following the completion of the sale, the insider now directly owns 10,077 shares of the company’s stock, valued at $1,461,568.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $144.92, for a total value of $2,898,400.00. Following the completion of the transaction, the chief executive officer now directly owns 459,033 shares of the company’s stock, valued at $66,523,062.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul Keith Morben sold 1,107 shares of OSI Systems stock in a transaction on Friday, September 13th. The shares were sold at an average price of $145.04, for a total value of $160,559.28. Following the completion of the transaction, the insider now owns 10,077 shares of the company’s stock, valued at $1,461,568.08. The disclosure for this sale can be found here. Insiders sold 24,107 shares of company stock valued at $3,474,189 in the last three months. Company insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On OSI Systems

A number of institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank purchased a new position in OSI Systems during the fourth quarter worth about $14,921,000. Vanguard Group Inc. grew its holdings in shares of OSI Systems by 5.4% during the fourth quarter. Vanguard Group Inc. now owns 2,097,875 shares of the technology company’s stock worth $270,731,000 after purchasing an additional 107,383 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of OSI Systems by 713.1% in the second quarter. Victory Capital Management Inc. now owns 97,951 shares of the technology company’s stock worth $13,470,000 after purchasing an additional 85,904 shares during the last quarter. SG Capital Management LLC raised its stake in OSI Systems by 2,952.6% in the fourth 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. Finally, Great Lakes Advisors LLC bought a new stake in OSI Systems during the second quarter valued at approximately $5,208,000. 89.21% of the stock is owned by hedge funds and other institutional investors.

OSI Systems Company Profile

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.