Insider Selling: OSI Systems (NASDAQ:OSIS) Chairman Sells 20,000 Shares of Stock

Key Points

• OSI Systems Chairman Deepak Chopra sold 20,000 shares of the company's stock for approximately $4.92 million, reducing his stake by 6.01% to around 313,000 shares valued at nearly $76.93 million.
• The company reported earnings of $3.24 per share exceeding analyst expectations, with quarterly revenue of approximately $505 million, marking a 4.9% year-over-year growth.
• Analysts have recently increased their price targets for OSI Systems, with Bank of America setting a new target of $265.00 and Oppenheimer maintaining an "outperform" rating with a $270.00 price objective.

OSI Systems, Inc. (NASDAQ:OSIS - Get Free Report) Chairman Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $245.80, for a total transaction of $4,916,000.00. Following the completion of the transaction, the chairman directly owned 312,969 shares in the company, valued at approximately $76,927,780.20. The trade was a 6.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

OSI Systems Stock Performance

NASDAQ:OSIS traded up $2.42 during trading hours on Thursday, hitting $248.08. 131,219 shares of the company were exchanged, compared to its average volume of 152,656. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 28.51, a PEG ratio of 2.10 and a beta of 1.32. OSI Systems, Inc. has a 52-week low of $129.84 and a 52-week high of $249.79. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.04 and a quick ratio of 1.46. The company's 50 day moving average price is $231.22 and its 200-day moving average price is $218.97.

OSI Systems (NASDAQ:OSIS - Get Free Report) last released its earnings results on Thursday, August 21st. The technology company reported $3.24 earnings per share for the quarter, topping the consensus estimate of $3.19 by $0.05. The company had revenue of $504.99 million for the quarter, compared to the consensus estimate of $497.22 million. OSI Systems had a net margin of 8.73% and a return on equity of 18.69%. OSI Systems's revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.84 EPS. OSI Systems has set its FY 2026 guidance at 10.110-10.390 EPS. As a group, research analysts forecast that OSI Systems, Inc. will post 9.22 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Bank of America boosted their target price on shares of OSI Systems from $250.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, September 26th. B. Riley lifted their price objective on shares of OSI Systems from $255.00 to $260.00 and gave the company a "buy" rating in a research note on Friday, August 22nd. Finally, Oppenheimer restated an "outperform" rating and set a $270.00 price objective on shares of OSI Systems in a research note on Friday, August 22nd. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $245.83.

Hedge Funds Weigh In On OSI Systems

Several large investors have recently made changes to their positions in OSIS. National Bank of Canada FI increased its holdings in OSI Systems by 118.2% in the 1st quarter. National Bank of Canada FI now owns 144 shares of the technology company's stock worth $28,000 after acquiring an additional 78 shares in the last quarter. Bessemer Group Inc. increased its holdings in OSI Systems by 78.7% in the 2nd quarter. Bessemer Group Inc. now owns 134 shares of the technology company's stock worth $30,000 after acquiring an additional 59 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in OSI Systems by 139.5% in the 1st quarter. Nisa Investment Advisors LLC now owns 194 shares of the technology company's stock worth $38,000 after acquiring an additional 113 shares in the last quarter. Virtus Advisers LLC purchased a new stake in OSI Systems in the 1st quarter worth $43,000. Finally, USA Financial Formulas purchased a new stake in OSI Systems in the 2nd quarter worth $55,000. 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.

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