OSI Systems (NASDAQ:OSIS) Shares Gap Up to $145.39

OSI Systems, Inc. (NASDAQ:OSIS) gapped up before the market opened on Tuesday . The stock had previously closed at $145.39, but opened at $152.24. OSI Systems shares last traded at $151.83, with a volume of 5,555 shares.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. B. Riley raised their price objective on OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Roth Mkm raised their price target on OSI Systems from $172.00 to $178.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Bank of America assumed coverage on OSI Systems in a research note on Monday. They set a “buy” rating and a $175.00 price target for the company. Finally, Wells Fargo & Company assumed coverage on OSI Systems in a research note on Wednesday, September 18th. They set an “overweight” rating and a $170.00 price target for the company. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $172.60.

OSI Systems Price Performance

The stock has a 50 day moving average of $144.33 and a two-hundred day moving average of $140.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.00 and a current ratio of 1.49. The firm has a market capitalization of $2.45 billion, a P/E ratio of 20.33, a P/E/G ratio of 1.48 and a beta of 1.08.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings data on Thursday, August 22nd. The technology company reported $2.84 earnings per share 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 the consensus estimate of $467.24 million. During the same period last year, the business earned $2.66 EPS. The firm’s revenue was up 16.8% compared to the same quarter last year. Sell-side analysts predict that OSI Systems, Inc. will post 8.93 earnings per share for the current fiscal year.

Insider Activity at OSI Systems

In other OSI Systems news, CEO Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $144.92, for a total value of $2,898,400.00. Following the transaction, the chief executive officer now directly owns 459,033 shares of the company’s stock, valued at approximately $66,523,062.36. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other OSI Systems news, CEO Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $144.92, for a total value of $2,898,400.00. Following the transaction, the chief executive officer now directly owns 459,033 shares of the company’s stock, valued at approximately $66,523,062.36. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Gerald M. Chizever sold 3,000 shares of OSI Systems 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,107 shares of company stock valued at $3,474,189. Corporate insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. West Paces Advisors Inc. acquired a new stake in shares of OSI Systems during the 1st quarter worth approximately $28,000. Quest Partners LLC acquired a new stake in shares of OSI Systems during the 2nd quarter worth approximately $40,000. Cape Investment Advisory Inc. acquired a new stake in shares of OSI Systems during the 1st quarter worth approximately $63,000. Covestor Ltd grew its holdings in shares of 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 purchasing an additional 480 shares in the last quarter. Finally, Innealta Capital LLC acquired a new stake in shares of OSI Systems during the 2nd quarter worth approximately $82,000. 89.21% of the stock is owned by institutional investors.

About OSI Systems

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.