OSI Systems (NASDAQ:OSIS) Sees Strong Trading Volume

OSI Systems, Inc. (NASDAQ:OSIS) shares saw unusually-strong trading volume on Tuesday . Approximately 54,570 shares were traded during trading, a decline of 52% from the previous session’s volume of 113,090 shares.The stock last traded at $143.90 and had previously closed at $144.87.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Roth Mkm lifted their price objective on OSI Systems from $172.00 to $178.00 and gave the stock a “buy” rating in a report 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 target price on the stock. Finally, B. Riley boosted their price target on OSI Systems from $165.00 to $180.00 and gave the stock 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $172.00.

OSI Systems Stock Performance

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’s fifty day simple moving average is $144.36 and its 200 day simple moving average is $139.70. The company has a market cap of $2.41 billion, a price-to-earnings ratio of 19.97, a P/E/G 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 EPS for the quarter, topping analysts’ consensus estimates of $2.79 by $0.05. The firm had revenue of $480.91 million for the quarter, compared to the consensus estimate of $467.24 million. OSI Systems had a return on equity of 17.80% and a net margin of 8.33%. The firm’s revenue was up 16.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.66 earnings per share. As a group, analysts anticipate that OSI Systems, Inc. will post 8.93 earnings per share for the current year.

Insider Activity

In related news, Director Gerald M. Chizever sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $138.41, for a total transaction of $415,230.00. Following the completion of the sale, the director now directly owns 3,462 shares in the company, valued at $479,175.42. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Gerald M. Chizever sold 3,000 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $138.41, for a total value 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul Keith Morben sold 1,107 shares of OSI Systems stock in a transaction on Friday, September 13th. The shares were sold at an average price of $145.04, for a total value of $160,559.28. Following the completion of the sale, the insider now owns 10,077 shares in the company, valued at approximately $1,461,568.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,107 shares of company stock valued at $3,474,189. 5.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On OSI Systems

Several large investors have recently made changes to their positions in the stock. Norges Bank acquired a new stake in OSI Systems in the 4th quarter valued at approximately $14,921,000. Vanguard Group Inc. grew its stake in shares of OSI Systems by 5.4% in the fourth quarter. Vanguard Group Inc. now owns 2,097,875 shares of the technology company’s stock valued at $270,731,000 after buying an additional 107,383 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of OSI Systems by 713.1% in the 2nd quarter. Victory Capital Management Inc. now owns 97,951 shares of the technology company’s stock valued at $13,470,000 after buying an additional 85,904 shares during the period. SG Capital Management LLC lifted its stake in OSI Systems by 2,952.6% during the 4th quarter. SG Capital Management LLC now owns 75,919 shares of the technology company’s stock worth $9,797,000 after acquiring an additional 73,432 shares in the last quarter. Finally, Great Lakes Advisors LLC purchased a new position in OSI Systems during the 2nd quarter valued at about $5,208,000. 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.