OSI Systems, Inc. (NASDAQ:OSIS) CEO Deepak Chopra Sells 20,000 Shares

OSI Systems, Inc. (NASDAQ:OSIS) CEO Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $144.92, for a total transaction of $2,898,400.00. Following the transaction, the chief executive officer now directly owns 459,033 shares in the company, valued at $66,523,062.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

OSI Systems Price Performance

Shares of NASDAQ OSIS opened at $145.19 on Thursday. The company has a current ratio of 1.49, a quick ratio of 1.00 and a debt-to-equity ratio of 0.15. The stock has a fifty day simple moving average of $144.36 and a two-hundred day simple moving average of $139.70. OSI Systems, Inc. has a 1-year low of $103.04 and a 1-year high of $158.69. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of 19.97, a price-to-earnings-growth ratio of 1.45 and a beta of 1.08.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings data on Thursday, August 22nd. The technology company reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.79 by $0.05. OSI Systems had a return on equity of 17.80% and a net margin of 8.33%. The business had revenue of $480.91 million for the quarter, compared to analysts’ expectations of $467.24 million. During the same period in the previous year, the business posted $2.66 EPS. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. Analysts anticipate that OSI Systems, Inc. will post 8.93 earnings per share for the current year.

Hedge Funds Weigh In On OSI Systems

Several hedge funds have recently made changes to their positions in the stock. West Paces Advisors Inc. bought a new position in OSI Systems in the 1st quarter worth about $28,000. Quest Partners LLC purchased a new position in OSI Systems during the second quarter valued at approximately $40,000. Cape Investment Advisory Inc. bought a new stake in OSI Systems during the 1st quarter worth approximately $63,000. Covestor Ltd increased its holdings in OSI Systems by 48,000.0% during the 1st quarter. Covestor Ltd now owns 481 shares of the technology company’s stock worth $69,000 after acquiring an additional 480 shares during the period. Finally, Innealta Capital LLC purchased a new stake in OSI Systems in the 2nd quarter worth approximately $82,000. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on OSIS shares. Roth Mkm boosted their target price on OSI Systems from $172.00 to $178.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Wells Fargo & Company initiated coverage on OSI Systems in a research report on Wednesday. They issued an “overweight” rating and a $170.00 price objective on the stock. Finally, B. Riley raised their target price on OSI Systems from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $172.00.

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.