OSI Systems, Inc. (NASDAQ:OSIS) CFO Alan I. Edrick Sells 30,386 Shares of Stock

OSI Systems, Inc. (NASDAQ:OSISGet Free Report) CFO Alan I. Edrick sold 30,386 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $143.75, for a total value of $4,367,987.50. Following the completion of the sale, the chief financial officer now directly owns 310,529 shares in the company, valued at $44,638,543.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

OSI Systems Stock Performance

NASDAQ:OSIS opened at $142.70 on Thursday. The stock has a market cap of $2.43 billion, a P/E ratio of 19.63, a price-to-earnings-growth ratio of 1.57 and a beta of 1.11. The company has a current ratio of 1.47, a quick ratio of 0.89 and a debt-to-equity ratio of 0.16. The stock’s 50-day moving average is $138.33 and its 200-day moving average is $132.30. OSI Systems, Inc. has a 1-year low of $103.04 and a 1-year high of $145.24.

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

Analyst Ratings Changes

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

Read Our Latest Research Report on OSIS

Hedge Funds Weigh In On OSI Systems

Institutional investors have recently modified their holdings of the company. West Paces Advisors Inc. acquired a new position in shares of OSI Systems during the first quarter worth approximately $28,000. Global Retirement Partners LLC raised its position 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 during the period. Quest Partners LLC acquired a new position in shares of OSI Systems during the fourth quarter worth approximately $53,000. Parkside Financial Bank & Trust raised its position in shares of OSI Systems by 27.1% during the third 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 period. Finally, Covestor Ltd raised its position in shares of OSI Systems by 48,000.0% during the first quarter. Covestor Ltd now owns 481 shares of the technology company’s stock worth $69,000 after purchasing an additional 480 shares during the period. 89.21% of the stock is owned by institutional investors and hedge funds.

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.

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