Insider Selling: OSI Systems, Inc. (NASDAQ:OSIS) General Counsel Sells 4,786 Shares of Stock

OSI Systems, Inc. (NASDAQ:OSISGet Rating) General Counsel Victor S. Sze sold 4,786 shares of the stock in a transaction that occurred on Monday, May 9th. The stock was sold at an average price of $80.17, for a total value of $383,693.62. Following the transaction, the general counsel now owns 84,812 shares in the company, valued at approximately $6,799,378.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of OSI Systems stock opened at $78.55 on Thursday. The business has a 50 day simple moving average of $81.55 and a two-hundred day simple moving average of $86.50. OSI Systems, Inc. has a 12 month low of $76.09 and a 12 month high of $102.24. The stock has a market capitalization of $1.34 billion, a P/E ratio of 13.22, a PEG ratio of 1.26 and a beta of 0.75. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.17 and a quick ratio of 0.64.

OSI Systems (NASDAQ:OSISGet Rating) last posted its quarterly earnings results on Thursday, April 28th. The technology company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.39 by $0.04. OSI Systems had a return on equity of 15.74% and a net margin of 9.12%. The firm had revenue of $290.48 million during the quarter, compared to analysts’ expectations of $287.76 million. During the same quarter last year, the firm earned $1.38 earnings per share. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. As a group, research analysts anticipate that OSI Systems, Inc. will post 5.81 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC increased its stake in OSI Systems by 10.2% during the third quarter. Geode Capital Management LLC now owns 322,582 shares of the technology company’s stock worth $30,580,000 after acquiring an additional 29,942 shares during the last quarter. Cardinal Capital Management LLC CT increased its stake in OSI Systems by 1.1% during the third quarter. Cardinal Capital Management LLC CT now owns 277,117 shares of the technology company’s stock worth $26,271,000 after acquiring an additional 2,981 shares during the last quarter. Invesco Ltd. increased its stake in OSI Systems by 9.2% during the fourth quarter. Invesco Ltd. now owns 264,431 shares of the technology company’s stock worth $24,645,000 after acquiring an additional 22,368 shares during the last quarter. Norges Bank acquired a new stake in OSI Systems during the fourth quarter worth $18,211,000. Finally, Charles Schwab Investment Management Inc. increased its stake in OSI Systems by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 174,611 shares of the technology company’s stock worth $16,275,000 after acquiring an additional 6,559 shares during the last quarter. 93.99% of the stock is owned by institutional investors.

A number of equities analysts have issued reports on OSIS shares. Zacks Investment Research downgraded OSI Systems from a “hold” rating to a “sell” rating in a research report on Thursday, March 31st. TheStreet cut OSI Systems from a “b” rating to a “c+” rating in a report on Monday, January 31st. Finally, StockNews.com cut OSI Systems from a “buy” rating to a “hold” rating in a report on Saturday, May 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, OSI Systems presently has a consensus rating of “Buy” and an average target price of $121.40.

OSI Systems Company Profile (Get Rating)

OSI Systems, Inc designs, manufactures, and sells electronic systems and components worldwide. It operates through three segments: Security, Healthcare, and Optoelectronics and Manufacturing. The Security segment offers baggage and parcel inspection, cargo and vehicle inspection, radiation detection, hold baggage and people screening, and explosive and narcotics trace detection systems under the Rapiscan Systems and AS&E names.

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