OSI Systems (NASDAQ:OSIS) Sets New 52-Week High – Should You Buy?

OSI Systems, Inc. (NASDAQ:OSIS)’s stock price reached a new 52-week high on Monday . The company traded as high as $178.32 and last traded at $177.49, with a volume of 94309 shares. The stock had previously closed at $177.40.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on OSIS. B. Riley increased their price objective on shares of OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Bank of America started coverage on shares of OSI Systems in a research note on Monday, September 30th. They issued a “buy” rating and a $175.00 price objective on the stock. StockNews.com upgraded shares of OSI Systems from a “sell” rating to a “hold” rating in a research report on Saturday. Roth Mkm increased their price objective on shares of OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Finally, Wells Fargo & Company increased their price objective on shares of OSI Systems from $170.00 to $172.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $173.00.

OSI Systems Trading Up 1.0 %

The company’s 50 day moving average price is $148.92 and its two-hundred day moving average price is $144.31. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.84 and a quick ratio of 1.20. The stock has a market capitalization of $2.99 billion, a PE ratio of 23.09, a P/E/G ratio of 1.53 and a beta of 1.10.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings results on Thursday, October 24th. The technology company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.19. The firm had revenue of $344.01 million for the quarter, compared to the consensus estimate of $318.66 million. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. The company’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same period last year, the firm posted $0.91 earnings per share. As a group, analysts expect that OSI Systems, Inc. will post 9.12 earnings per share for the current year.

Insider Transactions at OSI Systems

In other OSI Systems news, CEO Deepak Chopra sold 15,000 shares of OSI Systems stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $153.42, for a total transaction of $2,301,300.00. Following the transaction, the chief executive officer now directly owns 424,323 shares of the company’s stock, valued at $65,099,634.66. The trade was a 3.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul Keith Morben sold 1,107 shares of OSI Systems stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $145.04, for a total transaction 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. This trade represents a 9.90 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,107 shares of company stock valued at $6,071,809. Corporate insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Tidal Investments LLC purchased a new position in OSI Systems in the first quarter worth approximately $921,000. Renaissance Technologies LLC lifted its stake in OSI Systems by 79.8% in the second quarter. Renaissance Technologies LLC now owns 25,683 shares of the technology company’s stock worth $3,532,000 after acquiring an additional 11,400 shares during the last quarter. Victory Capital Management Inc. lifted its stake in OSI Systems by 25.8% in the third quarter. Victory Capital Management Inc. now owns 123,213 shares of the technology company’s stock worth $18,707,000 after acquiring an additional 25,262 shares during the last quarter. GHP Investment Advisors Inc. lifted its stake in OSI Systems by 71.2% in the third quarter. GHP Investment Advisors Inc. now owns 26,872 shares of the technology company’s stock worth $4,080,000 after acquiring an additional 11,173 shares during the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of OSI Systems by 24.4% during the 3rd quarter. Van ECK Associates Corp now owns 81,346 shares of the technology company’s stock worth $11,563,000 after buying an additional 15,945 shares during the last quarter. Institutional investors and hedge funds own 89.21% of the company’s stock.

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.