OSI Systems (NASDAQ:OSIS) Reaches New 12-Month High - What's Next?

Shares of OSI Systems, Inc. (NASDAQ:OSIS - Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as $241.64 and last traded at $240.06, with a volume of 219726 shares trading hands. The stock had previously closed at $231.60.

Analyst Ratings Changes

OSIS has been the subject of several research reports. Wells Fargo & Company lowered their target price 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. B. Riley reissued a "buy" rating and issued a $255.00 target price (up from $221.00) on shares of OSI Systems in a research note on Friday, May 2nd. JPMorgan Chase & Co. initiated coverage on OSI Systems in a research note on Friday, February 21st. They issued a "neutral" rating and a $225.00 target price for the company. Roth Mkm lifted their target price on OSI Systems from $224.00 to $245.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Finally, Wall Street Zen raised OSI Systems from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $228.33.

OSI Systems Price Performance

The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 1.88. The firm has a market capitalization of $3.85 billion, a P/E ratio of 29.54, a price-to-earnings-growth ratio of 1.81 and a beta of 1.28. The company has a 50-day moving average price of $214.15 and a 200-day moving average price of $195.84.

OSI Systems (NASDAQ:OSIS - Get Free Report) last posted its earnings results on Thursday, May 1st. The technology company reported $2.44 earnings per share for the quarter, topping the consensus estimate of $2.38 by $0.06. The firm had revenue of $444.35 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the company posted $2.16 earnings per share. On average, sell-side analysts predict that OSI Systems, Inc. will post 9.22 earnings per share for the current year.

Insiders Place Their Bets

In other OSI Systems news, Director Meyer/ Luskin sold 1,000 shares of OSI Systems stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $237.15, for a total transaction of $237,150.00. Following the transaction, the director now directly owns 11,214 shares in the company, valued at approximately $2,659,400.10. The trade was a 8.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 $65,254,237. This represents a 6.56% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 43,371 shares of company stock worth $9,784,380. Corporate insiders own 5.20% of the company's stock.

Institutional Trading of OSI Systems

Several hedge funds and other institutional investors have recently modified their holdings of OSIS. Allspring Global Investments Holdings LLC raised its stake in shares of OSI Systems by 51.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 40,557 shares of the technology company's stock valued at $6,790,000 after purchasing an additional 13,826 shares during the period. Van ECK Associates Corp increased its position in shares of OSI Systems by 33.6% in the fourth quarter. Van ECK Associates Corp now owns 108,709 shares of the technology company's stock valued at $18,201,000 after acquiring an additional 27,363 shares during the last quarter. Principal Securities Inc. increased its position in shares of OSI Systems by 30.8% in the fourth quarter. Principal Securities Inc. now owns 4,433 shares of the technology company's stock valued at $742,000 after acquiring an additional 1,045 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of OSI Systems by 1.6% in the fourth quarter. Principal Financial Group Inc. now owns 81,054 shares of the technology company's stock valued at $13,571,000 after acquiring an additional 1,261 shares during the last quarter. Finally, Truist Financial Corp increased its position in shares of OSI Systems by 58.7% in the fourth quarter. Truist Financial Corp now owns 8,216 shares of the technology company's stock valued at $1,376,000 after acquiring an additional 3,039 shares during the last quarter. Institutional investors and hedge funds own 89.21% of the company's stock.

About OSI Systems

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.