William Francis Ballhaus, Jr. Sells 933 Shares of OSI Systems, Inc. (NASDAQ:OSIS) Stock

OSI Systems, Inc. (NASDAQ:OSIS) Director William Francis Ballhaus, Jr. sold 933 shares of the business’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $219.77, for a total transaction of $205,045.41. Following the completion of the transaction, the director now owns 24,805 shares in the company, valued at approximately $5,451,394.85. This trade represents a 3.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

OSI Systems Trading Up 0.6 %

NASDAQ:OSIS opened at $223.56 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.88 and a quick ratio of 1.25. The stock has a market capitalization of $3.76 billion, a PE ratio of 28.77, a price-to-earnings-growth ratio of 1.81 and a beta of 1.28. The business’s 50-day simple moving average is $195.13 and its 200-day simple moving average is $182.21. OSI Systems, Inc. has a fifty-two week low of $129.18 and a fifty-two week high of $227.34.

OSI Systems (NASDAQ:OSIS) last announced its earnings results on Thursday, May 1st. The technology company reported $2.44 earnings per share for the quarter, topping analysts’ consensus estimates of $2.38 by $0.06. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. The firm had revenue of $444.35 million during the quarter, compared to analyst estimates of $436.49 million. During the same period in the prior year, the business earned $2.16 EPS. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. Sell-side analysts expect that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of OSIS. Park Avenue Securities LLC grew its stake in shares of OSI Systems by 36.0% during the 4th quarter. Park Avenue Securities LLC now owns 6,275 shares of the technology company’s stock worth $1,051,000 after acquiring an additional 1,660 shares in the last quarter. Schroder Investment Management Group bought a new position in OSI Systems in the fourth quarter valued at $472,000. Barclays PLC increased its stake in OSI Systems by 252.3% in the 3rd quarter. Barclays PLC now owns 35,519 shares of the technology company’s stock valued at $5,392,000 after buying an additional 25,437 shares during the last quarter. Register Financial Advisors LLC boosted its stake in shares of OSI Systems by 128.0% during the 4th quarter. Register Financial Advisors LLC now owns 11,400 shares of the technology company’s stock worth $1,909,000 after buying an additional 6,400 shares during the last quarter. Finally, Avanza Fonder AB acquired a new stake in shares of OSI Systems in the fourth quarter valued at about $370,000. 89.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on OSIS. StockNews.com upgraded OSI Systems from a “sell” rating to a “hold” rating in a research report on Monday, May 5th. Oppenheimer increased their price target on shares of OSI Systems from $225.00 to $260.00 and gave the company an “outperform” rating in a research note on Monday, May 5th. JPMorgan Chase & Co. started coverage on shares of OSI Systems in a research report on Friday, February 21st. They issued a “neutral” rating and a $225.00 price objective for the company. Wells Fargo & Company decreased their price objective on OSI Systems from $220.00 to $210.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Finally, Roth Mkm upped their price target on OSI Systems from $224.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $228.33.

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.