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

OSI Systems, Inc. (NASDAQ:OSIS - Get Free Report) was the target 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. Based on an average daily trading volume, of 248,200 shares, the days-to-cover ratio is presently 8.3 days. Currently, 13.1% of the company's stock are sold short.

OSI Systems Stock Performance

Shares of NASDAQ:OSIS traded up $3.58 during trading on Friday, hitting $226.47. The stock had a trading volume of 104,632 shares, compared to its average volume of 197,236. OSI Systems has a 12-month low of $129.18 and a 12-month high of $234.59. The stock has a market capitalization of $3.80 billion, a price-to-earnings ratio of 29.15, a price-to-earnings-growth ratio of 1.81 and a beta of 1.28. 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 stock has a 50-day simple moving average of $208.98 and a two-hundred day simple moving average of $193.97.

OSI Systems (NASDAQ:OSIS - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The technology company reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.38 by $0.06. The firm had revenue of $444.35 million during the quarter, compared to analysts' expectations of $436.49 million. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. The company's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period last year, the business posted $2.16 earnings per share. On average, equities research analysts expect that OSI Systems will post 9.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on OSIS shares. Wall Street Zen raised OSI Systems from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. JPMorgan Chase & Co. assumed coverage on OSI Systems in a research note on Friday, February 21st. They issued a "neutral" rating and a $225.00 price target for the company. Oppenheimer increased their price target on OSI Systems from $225.00 to $260.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. Wells Fargo & Company decreased their price target on OSI Systems from $220.00 to $210.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, Roth Mkm increased their price target on OSI Systems from $224.00 to $245.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $228.33.

Insider Transactions at OSI Systems

In related 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 transaction of $171,660.00. Following the sale, the director now owns 24,055 shares of the company's stock, valued at $5,505,708.40. This trade represents a 3.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Glenn Grindstaff sold 688 shares of the firm's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $224.89, for a total value of $154,724.32. Following the sale, the insider now directly owns 8,354 shares in the company, valued at approximately $1,878,731.06. The trade was a 7.61% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,371 shares of company stock valued at $9,547,230. 5.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of OSIS. Aster Capital Management DIFC Ltd purchased a new position in OSI Systems during the fourth quarter valued at approximately $25,000. National Bank of Canada FI raised its position in OSI Systems by 118.2% during the first quarter. National Bank of Canada FI now owns 144 shares of the technology company's stock valued at $28,000 after acquiring an additional 78 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in OSI Systems by 139.5% in the first quarter. Nisa Investment Advisors LLC now owns 194 shares of the technology company's stock valued at $38,000 after purchasing an additional 113 shares during the period. Virtus Advisers LLC acquired a new stake in OSI Systems in the first quarter valued at approximately $43,000. Finally, Smartleaf Asset Management LLC grew 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. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

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.