OSI Systems (NASDAQ:OSIS) Reaches New 12-Month High on Earnings Beat

OSI Systems, Inc. (NASDAQ:OSIS)’s stock price reached a new 52-week high during trading on Thursday following a better than expected earnings announcement. The company traded as high as $197.70 and last traded at $187.15, with a volume of 122345 shares trading hands. The stock had previously closed at $169.01.

The technology company reported $2.42 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.08. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Bank of America assumed coverage on shares of OSI Systems in a research note on Monday, September 30th. They issued a “buy” rating and a $175.00 price objective for the company. StockNews.com raised shares of OSI Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, December 10th. Finally, Wells Fargo & Company raised their price objective on shares of OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, OSI Systems has a consensus rating of “Moderate Buy” and a consensus price target of $179.00.

Insiders Place Their Bets

In other OSI Systems news, insider Manoocher M. Aliabadi sold 2,509 shares of the 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 sale, the insider now owns 78,094 shares in the company, valued at $14,058,481.88. This represents a 3.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Alan I. Edrick sold 2,354 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $188.42, for a total transaction of $443,540.68. Following the completion of the sale, the chief financial officer now owns 312,444 shares of the company’s stock, valued at approximately $58,870,698.48. The trade was a 0.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,591 shares of company stock worth $7,557,745 in the last quarter. 5.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Orion Portfolio Solutions LLC raised its holdings in shares of OSI Systems by 3.3% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 3,301 shares of the technology company’s stock valued at $501,000 after purchasing an additional 106 shares in the last quarter. US Bancorp DE raised its holdings in shares of OSI Systems by 4.8% during the 3rd quarter. US Bancorp DE now owns 2,418 shares of the technology company’s stock valued at $367,000 after purchasing an additional 111 shares in the last quarter. KBC Group NV raised its holdings in shares of OSI Systems by 37.1% during the 4th quarter. KBC Group NV now owns 699 shares of the technology company’s stock valued at $117,000 after purchasing an additional 189 shares in the last quarter. Inspire Investing LLC raised its holdings in shares of OSI Systems by 7.9% during the 3rd quarter. Inspire Investing LLC now owns 2,741 shares of the technology company’s stock valued at $416,000 after purchasing an additional 200 shares in the last quarter. Finally, Truvestments Capital LLC raised its holdings in shares of OSI Systems by 11.1% during the 3rd quarter. Truvestments Capital LLC now owns 2,159 shares of the technology company’s stock valued at $328,000 after purchasing an additional 216 shares in the last quarter. Institutional investors own 89.21% of the company’s stock.

OSI Systems Stock Up 14.2 %

The firm has a market cap of $3.23 billion, a P/E ratio of 25.20, a P/E/G ratio of 1.47 and a beta of 1.19. The business’s fifty day moving average price is $170.17 and its two-hundred day moving average price is $153.24. The company has a current ratio of 1.84, a quick ratio of 1.20 and a debt-to-equity ratio of 0.60.

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.