OSI Systems (NASDAQ:OSIS) Insider Paul Keith Morben Sells 536 Shares of Stock

Key Points

• OSI Systems insider Paul Keith Morben sold 536 shares for $107,200 at an average price of $200; he retained 9,379 shares after the transaction.
• The company reported quarterly EPS of $1.66, slightly above the $1.65 consensus, and revenue of $403.47 million, ahead of analyst expectations.
• Analysts maintain a “Moderate Buy” consensus with a $276.71 average price target; shares traded at $201.36 on Monday.

OSI Systems, Inc. (NASDAQ:OSIS - Get Free Report) insider Paul Morben sold 536 shares of the stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $200.00, for a total transaction of $107,200.00. Following the transaction, the insider owned 9,379 shares in the company, valued at approximately $1,875,800. The trade was a 5.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

OSI Systems Trading Up 2.5%

NASDAQ:OSIS traded up $5.00 during trading hours on Monday, reaching $201.36. 199,451 shares of the company were exchanged, compared to its average volume of 263,145. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.89 and a quick ratio of 2.05. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 1.46 and a beta of 1.26. OSI Systems, Inc. has a 52-week low of $186.50 and a 52-week high of $311.72. The stock has a 50 day simple moving average of $199.21 and a 200 day simple moving average of $235.53.

OSI Systems (NASDAQ:OSIS - Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The technology company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.01. The company had revenue of $403.47 million during the quarter, compared to analysts' expectations of $396.11 million. OSI Systems had a net margin of 8.79% and a return on equity of 21.57%. The business's quarterly revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.42 EPS. As a group, analysts predict that OSI Systems, Inc. will post 11.45 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Weiss Ratings reiterated a "hold (c+)" rating on shares of OSI Systems in a research note on Wednesday, October 28th. Bank of America decreased their target price on shares of OSI Systems from $315.00 to $300.00 and set a "buy" rating for the company in a research note on Monday, July 20th. Oppenheimer decreased their target price on shares of OSI Systems from $300.00 to $265.00 and set an "outperform" rating for the company in a research note on Thursday, October 8th. Roth Capital reaffirmed a "buy" rating and set a $274.00 price target on shares of OSI Systems in a report on Friday, August 21st. Finally, B. Riley Financial reaffirmed a "buy" rating and set a $265.00 price target (down from $320.00) on shares of OSI Systems in a research note on Friday, August 21st. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, OSI Systems has a consensus rating of "Moderate Buy" and a consensus price target of $276.71.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of OSIS. Janus Henderson Group PLC lifted its position in shares of OSI Systems by 2.6% in the 1st quarter. Janus Henderson Group PLC now owns 772,314 shares of the technology company's stock worth $205,056,000 after buying an additional 19,747 shares during the last quarter. Jupiter Topco LLC bought a new stake in shares of OSI Systems during the 2nd quarter valued at about $198,127,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of OSI Systems by 5.1% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 452,547 shares of the technology company's stock valued at $98,972,000 after purchasing an additional 21,986 shares during the last quarter. William Blair Investment Management LLC bought a new position in shares of OSI Systems during the second quarter valued at approximately $82,964,000. Finally, Primecap Management Co. CA bought a new position in shares of OSI Systems during the second quarter valued at approximately $56,464,000. Institutional investors own 89.21% of the company's stock.

OSI Systems Company Profile

OSI Systems, Inc develops and manufactures security, healthcare, and optoelectronic products. Founded in 1987 and headquartered in Hawthorne, California, the company serves customers in the United States and internationally through three business areas: Security, Healthcare, and Optoelectronics and Manufacturing.

Its Security division provides screening systems and related services for applications such as airports, borders, ports, and critical infrastructure. Products include systems for inspecting people, baggage, cargo, and vehicles, as well as security detection equipment.

Through its healthcare business, including Spacelabs Healthcare, OSI Systems supplies patient-monitoring and diagnostic cardiology products.

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