Deepak Chopra Sells 20,000 Shares of OSI Systems (NASDAQ:OSIS) Stock

OSI Systems, Inc. (NASDAQ:OSIS) Director Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $250.91, for a total transaction of $5,018,200.00. Following the completion of the transaction, the director directly owned 273,044 shares in the company, valued at $68,509,470.04. This represents a 6.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Deepak Chopra also recently made the following trade(s):

• On Monday, November 10th, Deepak Chopra sold 20,000 shares of OSI Systems stock. The stock was sold at an average price of $285.74, for a total value of $5,714,800.00.

OSI Systems Stock Up 2.0%

Shares of OSIS stock opened at $258.16 on Friday. The stock’s fifty day moving average price is $269.86 and its 200 day moving average price is $252.20. OSI Systems, Inc. has a 1-year low of $153.40 and a 1-year high of $294.93. The company has a market cap of $4.25 billion, a price-to-earnings ratio of 29.24, a price-to-earnings-growth ratio of 2.07 and a beta of 1.35. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.15 and a quick ratio of 2.31.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings results on Thursday, January 29th. The technology company reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.06. OSI Systems had a return on equity of 18.58% and a net margin of 8.52%.The business had revenue of $464.06 million during the quarter, compared to the consensus estimate of $449.51 million. During the same quarter last year, the company earned $2.42 earnings per share. The company’s quarterly revenue was up 10.5% on a year-over-year basis. On average, research analysts expect that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on OSIS. B. Riley lifted their price objective on shares of OSI Systems from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. JPMorgan Chase & Co. raised their target price on OSI Systems from $255.00 to $262.00 and gave the stock a “neutral” rating in a research note on Monday. Roth Mkm boosted their price target on OSI Systems from $292.00 to $295.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Weiss Ratings reissued a “buy (b)” rating on shares of OSI Systems in a report on Thursday, January 22nd. Finally, Bank of America raised their price objective on OSI Systems from $265.00 to $315.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $282.00.

Hedge Funds Weigh In On OSI Systems

Several institutional investors and hedge funds have recently modified their holdings of OSIS. Osaic Holdings Inc. lifted its position in shares of OSI Systems by 418.1% during the 2nd quarter. Osaic Holdings Inc. now owns 32,688 shares of the technology company’s stock valued at $7,350,000 after buying an additional 26,379 shares in the last quarter. Boston Partners raised its position in OSI Systems by 1.9% during the second quarter. Boston Partners now owns 98,252 shares of the technology company’s stock worth $21,982,000 after acquiring an additional 1,825 shares during the period. Mawer Investment Management Ltd. lifted its holdings in OSI Systems by 67.0% during the third quarter. Mawer Investment Management Ltd. now owns 856,383 shares of the technology company’s stock valued at $213,445,000 after purchasing an additional 343,727 shares in the last quarter. Personal CFO Solutions LLC acquired a new stake in shares of OSI Systems in the second quarter valued at about $226,000. Finally, Nordea Investment Management AB increased its stake in shares of OSI Systems by 3.6% during the third quarter. Nordea Investment Management AB now owns 54,979 shares of the technology company’s stock worth $13,319,000 after purchasing an additional 1,915 shares in the last quarter. Institutional investors and hedge funds own 89.21% of the company’s stock.

About OSI Systems

OSI Systems, Inc (NASDAQ: OSIS) is a publicly traded technology company founded in 1987 and headquartered in Hawthorne, California. The company designs, develops and manufactures advanced security and inspection systems, optoelectronic devices and medical imaging equipment. Over its history, OSI Systems has grown its product offerings through internal research and development as well as strategic acquisitions, expanding its capabilities in mission-critical sensing and inspection technologies.

OSI Systems operates three primary business segments.