Short Interest in OSI Systems, Inc. (NASDAQ:OSIS) Increases By 27.4%

OSI Systems, Inc. (NASDAQ:OSIS) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 2,420,000 shares, an increase of 27.4% from the February 28th total of 1,900,000 shares. Approximately 15.4% of the shares of the company are short sold. Based on an average daily trading volume, of 251,000 shares, the days-to-cover ratio is currently 9.6 days.

Insider Activity at OSI Systems

In related news, Director Gerald M. Chizever sold 2,701 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $195.83, for a total transaction of $528,936.83. Following the completion of the transaction, the director now owns 5,000 shares in the company, valued at $979,150. This represents a 35.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul Keith Morben sold 155 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $199.36, for a total value of $30,900.80. Following the sale, the insider now owns 10,077 shares of the company’s stock, valued at approximately $2,008,950.72. This trade represents a 1.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On OSI Systems

A number of hedge funds have recently made changes to their positions in the stock. FMR LLC raised its position in OSI Systems by 4,891.4% in the third quarter. FMR LLC now owns 644,396 shares of the technology company’s stock valued at $97,839,000 after purchasing an additional 631,486 shares during the period. Capital International Investors purchased a new stake in shares of OSI Systems in the 4th quarter valued at $97,258,000. Mawer Investment Management Ltd. acquired a new position in OSI Systems during the 4th quarter worth about $63,171,000. Brown Advisory Inc. purchased a new position in OSI Systems during the 4th quarter valued at about $45,618,000. Finally, World Investment Advisors LLC purchased a new position in OSI Systems during the 3rd quarter valued at about $16,713,000. Hedge funds and other institutional investors own 89.21% of the company’s stock.

OSI Systems Trading Up 1.8 %

Shares of OSIS stock traded up $3.57 during trading on Wednesday, hitting $198.27. 156,126 shares of the stock traded hands, compared to its average volume of 175,794. OSI Systems has a 52-week low of $126.57 and a 52-week high of $220.00. The firm has a market capitalization of $3.33 billion, a P/E ratio of 25.52, a price-to-earnings-growth ratio of 1.81 and a beta of 1.20. The firm’s fifty day moving average price is $197.63 and its 200-day moving average price is $172.04. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.88 and a quick ratio of 1.25.

OSI Systems (NASDAQ:OSIS) last posted its earnings results on Thursday, January 23rd. The technology company reported $2.42 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.08. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. As a group, research analysts forecast that OSI Systems will post 9.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Wells Fargo & Company lifted their target price on shares of OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. started coverage on shares of OSI Systems in a research note on Friday, February 21st. They set a “neutral” rating and a $225.00 price objective for the company. Roth Mkm raised their target price on shares of OSI Systems from $178.00 to $224.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Oppenheimer upped their price target on OSI Systems from $205.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Finally, StockNews.com downgraded OSI Systems from a “hold” rating to a “sell” rating in a research report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $212.00.

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.