OSI Systems (NASDAQ:OSIS) Reaches New 1-Year High – Still a Buy?

OSI Systems, Inc. (NASDAQ:OSIS) reached a new 52-week high on Tuesday . The company traded as high as $170.51 and last traded at $169.43, with a volume of 130873 shares traded. The stock had previously closed at $168.99.

Analysts Set New Price Targets

Several analysts have issued reports on the company. B. Riley upped their target price on OSI Systems from $165.00 to $180.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Bank of America assumed coverage on shares of OSI Systems in a report on Monday, September 30th. They issued a “buy” rating and a $175.00 price objective for the company. StockNews.com downgraded shares of OSI Systems from a “hold” rating to a “sell” rating in a research note on Friday, November 22nd. Wells Fargo & Company boosted their target price 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. Finally, Roth Mkm raised their price target on shares of OSI Systems from $172.00 to $178.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to MarketBeat.com, OSI Systems has an average rating of “Moderate Buy” and an average price target of $173.00.

OSI Systems Stock Performance

The firm’s fifty day moving average is $147.73 and its 200-day moving average is $143.74. The company has a current ratio of 1.84, a quick ratio of 1.20 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $2.92 billion, a PE ratio of 22.78, a price-to-earnings-growth ratio of 1.46 and a beta of 1.10.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings results 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. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. The business had revenue of $344.01 million during the quarter, compared to analysts’ expectations of $318.66 million. During the same period last year, the business earned $0.91 earnings per share. The business’s revenue for the quarter was up 23.2% on a year-over-year basis. As a group, research analysts anticipate that OSI Systems, Inc. will post 9.12 earnings per share for the current year.

Insider Buying and Selling at OSI Systems

In related news, Director Gerald M. Chizever sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $138.41, for a total transaction of $415,230.00. Following the completion of the transaction, the director now directly owns 3,462 shares in the company, valued at $479,175.42. This trade represents a 46.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Deepak Chopra sold 15,000 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $153.42, for a total transaction of $2,301,300.00. Following the sale, the chief executive officer now owns 424,323 shares in the company, valued at $65,099,634.66. This trade represents a 3.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,107 shares of company stock valued at $6,071,809 over the last quarter. 5.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On OSI Systems

A number of hedge funds have recently added to or reduced their stakes in OSIS. Quest Partners LLC acquired a new position in shares of OSI Systems in the second quarter worth $40,000. Cape Investment Advisory Inc. purchased a new stake in OSI Systems during the 1st quarter worth about $63,000. Innealta Capital LLC purchased a new stake in OSI Systems during the 2nd quarter worth about $82,000. International Assets Investment Management LLC raised its position in OSI Systems by 15,075.0% in the 3rd quarter. International Assets Investment Management LLC now owns 607 shares of the technology company’s stock valued at $92,000 after purchasing an additional 603 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of OSI Systems in the 2nd quarter valued at about $160,000. 89.21% of the stock is currently owned by institutional investors and hedge funds.

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.