OSI Systems, Inc. (NASDAQ:OSIS) Insider Manoocher M. Aliabadi Sells 2,509 Shares

OSI Systems, Inc. (NASDAQ:OSIS) insider Manoocher M. Aliabadi sold 2,509 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $180.02, for a total value of $451,670.18. Following the completion of the transaction, the insider now directly owns 78,094 shares of the company’s stock, valued at approximately $14,058,481.88. This represents a 3.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

OSI Systems Price Performance

Shares of NASDAQ:OSIS opened at $181.79 on Monday. The firm has a market capitalization of $3.04 billion, a PE ratio of 23.73, a P/E/G ratio of 1.59 and a beta of 1.18. The company has a quick ratio of 1.20, a current ratio of 1.84 and a debt-to-equity ratio of 0.60. The company has a 50-day moving average price of $156.12 and a two-hundred day moving average price of $147.21. OSI Systems, Inc. has a twelve month low of $120.42 and a twelve month high of $189.13.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings data on Thursday, October 24th. The technology company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.19. The business had revenue of $344.01 million during the quarter, compared to analyst estimates of $318.66 million. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. OSI Systems’s revenue was up 23.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 EPS. Equities analysts forecast that OSI Systems, Inc. will post 9.13 EPS for the current year.

Wall Street Analysts Forecast Growth

OSIS has been the subject of a number of recent analyst reports. B. Riley upped their price objective on OSI Systems from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Roth Mkm increased their price target on shares of OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Wells Fargo & Company lifted their price objective on shares of OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. StockNews.com raised shares of OSI Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, December 10th. Finally, Bank of America started coverage on shares of OSI Systems in a report on Monday, September 30th. They issued a “buy” rating and a $175.00 price target on the stock. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, OSI Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.00.

Institutional Trading of OSI Systems

Institutional investors have recently added to or reduced their stakes in the stock. Stanley Laman Group Ltd. grew its holdings in OSI Systems by 5.2% during the 2nd quarter. Stanley Laman Group Ltd. now owns 20,991 shares of the technology company’s stock valued at $2,887,000 after buying an additional 1,046 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in OSI Systems by 1.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 7,900 shares of the technology company’s stock worth $1,086,000 after purchasing an additional 100 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in OSI Systems by 1.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 127,544 shares of the technology company’s stock valued at $17,540,000 after purchasing an additional 1,747 shares during the period. Bailard Inc. purchased a new position in shares of OSI Systems during the 2nd quarter valued at $206,000. Finally, Allspring Global Investments Holdings LLC grew its position in shares of OSI Systems by 20.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 35,119 shares of the technology company’s stock valued at $4,830,000 after purchasing an additional 6,067 shares in the last quarter. Hedge funds and other institutional investors 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.