OSI Systems, Inc. (NASDAQ:OSIS) CEO Deepak Chopra Sells 40,000 Shares

OSI Systems, Inc. (NASDAQ:OSIS - Get Free Report) CEO Deepak Chopra sold 40,000 shares of the business's stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $139.75, for a total value of $5,590,000.00. Following the completion of the transaction, the chief executive officer now owns 428,615 shares in the company, valued at $59,898,946.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

OSI Systems Trading Up 1.3 %

OSI Systems stock traded up $1.85 during mid-day trading on Friday, hitting $139.27. The company's stock had a trading volume of 58,596 shares, compared to its average volume of 96,011. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.89 and a current ratio of 1.47. The company has a 50 day moving average of $136.56 and a 200-day moving average of $129.25. OSI Systems, Inc. has a one year low of $103.04 and a one year high of $144.11. The stock has a market cap of $2.37 billion, a PE ratio of 18.84, a P/E/G ratio of 1.57 and a beta of 0.99.

OSI Systems (NASDAQ:OSIS - Get Free Report) last issued 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. The firm had revenue of $405.41 million during the quarter, compared to analyst estimates of $401.99 million. OSI Systems had a net margin of 8.56% and a return on equity of 18.10%. The business's revenue was up 33.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.49 earnings per share. On average, research analysts anticipate that OSI Systems, Inc. will post 8.09 EPS for the current year.

Hedge Funds Weigh In On OSI Systems

Institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new position in OSI Systems in the third quarter valued at about $118,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in OSI Systems by 20.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,062 shares of the technology company's stock valued at $361,000 after purchasing an additional 513 shares during the last quarter. Teacher Retirement System of Texas grew its stake in OSI Systems by 40.9% in the third quarter. Teacher Retirement System of Texas now owns 17,874 shares of the technology company's stock valued at $2,110,000 after purchasing an additional 5,185 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in OSI Systems by 208.9% in the third quarter. Assenagon Asset Management S.A. now owns 61,800 shares of the technology company's stock valued at $7,295,000 after purchasing an additional 41,792 shares during the last quarter. Finally, Versor Investments LP purchased a new position in OSI Systems in the third quarter valued at about $496,000. 89.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Roth Mkm boosted their price objective on OSI Systems from $169.00 to $172.00 and gave the company a "buy" rating in a research report on Friday, April 26th. Oppenheimer upped 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, April 29th. Finally, StockNews.com lowered shares of OSI Systems from a "buy" rating to a "hold" rating in a research report on Saturday, April 27th.

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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