OSI Systems, Inc. (NASDAQ:OSIS) Short Interest Down 13.8% in May

OSI Systems, Inc. (NASDAQ:OSIS - Get Free Report) was the recipient of a large decrease in short interest in May. As of May 15th, there was short interest totalling 2,060,000 shares, a decrease of 13.8% from the April 30th total of 2,390,000 shares. Approximately 13.1% of the company's stock are sold short. Based on an average daily volume of 248,200 shares, the short-interest ratio is currently 8.3 days.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. B. Riley reaffirmed a "buy" rating and set a $255.00 price target (up previously from $221.00) on shares of OSI Systems in a research report on Friday, May 2nd. JPMorgan Chase & Co. assumed coverage on shares of OSI Systems in a report on Friday, February 21st. They set a "neutral" rating and a $225.00 target price on the stock. Wall Street Zen raised shares of OSI Systems from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. 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. Finally, Wells Fargo & Company decreased their price objective on shares of OSI Systems from $220.00 to $210.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $228.33.

Insiders Place Their Bets

In other news, Director William Francis Ballhaus, Jr. sold 750 shares of the firm's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $228.88, for a total value of $171,660.00. Following the completion of the transaction, the director now owns 24,055 shares in the company, valued at $5,505,708.40. This trade represents a 3.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Alan I. Edrick sold 20,000 shares of OSI Systems stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $229.00, for a total value of $4,580,000.00. Following the completion of the sale, the chief financial officer now directly owns 284,953 shares in the company, valued at approximately $65,254,237. This represents a 6.56% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,371 shares of company stock worth $9,547,230. Corporate insiders own 5.20% of the company's stock.

Hedge Funds Weigh In On OSI Systems

A number of hedge funds have recently bought and sold shares of the business. Schroder Investment Management Group bought a new stake in shares of OSI Systems in the fourth quarter valued at approximately $472,000. Barclays PLC grew its holdings in shares of OSI Systems by 252.3% during the third quarter. Barclays PLC now owns 35,519 shares of the technology company's stock worth $5,392,000 after purchasing an additional 25,437 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in OSI Systems by 243.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company's stock valued at $46,000 after purchasing an additional 195 shares during the period. Deutsche Bank AG raised its holdings in OSI Systems by 47.3% during the 4th quarter. Deutsche Bank AG now owns 19,539 shares of the technology company's stock worth $3,271,000 after purchasing an additional 6,277 shares during the last quarter. Finally, Cibc World Markets Corp acquired a new position in shares of OSI Systems in the 4th quarter valued at about $248,000. 89.21% of the stock is owned by institutional investors.

OSI Systems Stock Performance

Shares of OSIS traded up $3.58 during trading hours on Friday, hitting $226.47. The company had a trading volume of 104,632 shares, compared to its average volume of 196,072. The business has a fifty day moving average of $208.35 and a 200-day moving average of $193.03. The company has a quick ratio of 1.25, a current ratio of 1.88 and a debt-to-equity ratio of 0.56. The firm has a market cap of $3.80 billion, a price-to-earnings ratio of 29.15, a PEG ratio of 1.81 and a beta of 1.28. OSI Systems has a 12 month low of $129.18 and a 12 month high of $234.59.

OSI Systems (NASDAQ:OSIS - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The technology company reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.06. The firm had revenue of $444.35 million for the quarter, compared to analysts' expectations of $436.49 million. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. The business's revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.16 EPS. Equities analysts anticipate that OSI Systems will post 9.22 EPS for the current fiscal year.

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.