OSI Systems (NASDAQ:OSIS) Hits New 52-Week High Following Earnings Beat

OSI Systems, Inc. (NASDAQ:OSIS)’s stock price reached a new 52-week high during trading on Friday following a better than expected earnings announcement. The company traded as high as $266.52 and last traded at $270.8550, with a volume of 24097 shares trading hands. The stock had previously closed at $243.82.

The technology company reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.05. The firm had revenue of $384.62 million during the quarter, compared to analysts’ expectations of $372.03 million. OSI Systems had a net margin of 8.73% and a return on equity of 18.69%. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period last year, the firm posted $1.25 earnings per share. OSI Systems has set its FY 2026 guidance at 10.200-10.480 EPS.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on OSIS. Roth Capital restated a “buy” rating and set a $280.00 target price on shares of OSI Systems in a report on Wednesday. Weiss Ratings restated a “buy (b)” rating on shares of OSI Systems in a report on Wednesday, October 8th. B. Riley lifted their target price on shares of OSI Systems from $255.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, August 22nd. Bank of America lifted their target price on shares of OSI Systems from $250.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, September 26th. Finally, Oppenheimer lifted their target price on shares of OSI Systems from $270.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, October 3rd. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $252.14.

Insider Buying and Selling

In other OSI Systems news, Chairman Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $245.80, for a total value of $4,916,000.00. Following the completion of the sale, the chairman directly owned 312,969 shares in the company, valued at $76,927,780.20. The trade was a 6.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul Keith Morben sold 1,671 shares of the business’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $236.76, for a total transaction of $395,625.96. Following the completion of the sale, the insider owned 8,749 shares of the company’s stock, valued at $2,071,413.24. The trade was a 16.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 4.30% of the company’s stock.

Institutional Investors Weigh In On OSI Systems

Hedge funds have recently made changes to their positions in the company. GHP Investment Advisors Inc. boosted its stake in shares of OSI Systems by 1.9% in the 3rd quarter. GHP Investment Advisors Inc. now owns 32,752 shares of the technology company’s stock valued at $8,163,000 after purchasing an additional 626 shares during the last quarter. NorthCrest Asset Manangement LLC boosted its stake in shares of OSI Systems by 47.9% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 9,155 shares of the technology company’s stock valued at $2,283,000 after purchasing an additional 2,966 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of OSI Systems in the 3rd quarter valued at about $113,000. Amalgamated Bank boosted its stake in shares of OSI Systems by 3.4% in the 3rd quarter. Amalgamated Bank now owns 4,604 shares of the technology company’s stock valued at $1,148,000 after purchasing an additional 153 shares during the last quarter. Finally, Evergreen Capital Management LLC bought a new position in shares of OSI Systems in the 3rd quarter valued at about $208,000. Institutional investors and hedge funds own 89.21% of the company’s stock.

OSI Systems Stock Up 14.2%

The company has a market cap of $4.73 billion, a P/E ratio of 32.01, a price-to-earnings-growth ratio of 2.13 and a beta of 1.32. The company has a current ratio of 2.04, a quick ratio of 1.46 and a debt-to-equity ratio of 0.49. The firm’s 50 day moving average price is $241.62 and its 200-day moving average price is $227.82.

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.