OSI Systems, Inc. (NASDAQ:OSIS) Director Meyer/ Luskin Sells 6,755 Shares of Stock

OSI Systems, Inc. (NASDAQ:OSIS) Director Meyer/ Luskin sold 6,755 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $134.36, for a total transaction of $907,601.80. Following the transaction, the director now owns 20,883 shares in the company, valued at approximately $2,805,839.88. The transaction was disclosed in a document filed with the SEC, which is available at this link.

OSI Systems Stock Performance

NASDAQ:OSIS opened at $131.07 on Thursday. OSI Systems, Inc. has a 1 year low of $103.04 and a 1 year high of $144.11. The firm’s fifty day simple moving average is $135.69 and its 200 day simple moving average is $127.73. The company has a current ratio of 1.47, a quick ratio of 0.89 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $2.23 billion, a PE ratio of 18.03, a PEG ratio of 1.48 and a beta of 0.99.

OSI Systems (NASDAQ:OSIS) last posted its earnings results on Thursday, April 25th. The technology company reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.11 by $0.05. OSI Systems had a net margin of 8.56% and a return on equity of 18.10%. The business had revenue of $405.41 million for the quarter, compared to analyst estimates of $401.99 million. During the same period last year, the business posted $1.49 EPS. OSI Systems’s revenue was up 33.8% compared to the same quarter last year. On average, sell-side analysts anticipate that OSI Systems, Inc. will post 8.09 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on OSIS. Roth Mkm raised their price target on shares of OSI Systems from $169.00 to $172.00 and gave the company a “buy” rating in a report on Friday, April 26th. StockNews.com downgraded shares of OSI Systems from a “buy” rating to a “hold” rating in a report on Saturday, April 27th. Finally, Oppenheimer raised their price target on shares of OSI Systems from $157.00 to $160.00 and gave the company an “outperform” rating in a report on Monday.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in OSI Systems by 5.4% in the 4th quarter. Vanguard Group Inc. now owns 2,097,875 shares of the technology company’s stock worth $270,731,000 after purchasing an additional 107,383 shares during the last quarter. Dimensional Fund Advisors LP grew its position in OSI Systems by 2.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 819,671 shares of the technology company’s stock worth $105,780,000 after purchasing an additional 18,298 shares during the last quarter. Neumeier Poma Investment Counsel LLC grew its position in OSI Systems by 1.7% in the 3rd quarter. Neumeier Poma Investment Counsel LLC now owns 369,200 shares of the technology company’s stock worth $43,580,000 after purchasing an additional 6,265 shares during the last quarter. Primecap Management Co. CA grew its position in OSI Systems by 2.2% in the 4th quarter. Primecap Management Co. CA now owns 285,200 shares of the technology company’s stock worth $36,805,000 after purchasing an additional 6,210 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in OSI Systems by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 211,571 shares of the technology company’s stock worth $27,303,000 after purchasing an additional 1,722 shares during the last quarter. 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.