OSI Systems (NASDAQ:OSIS) Reaches New 1-Year High - Here's Why

Shares of OSI Systems, Inc. (NASDAQ:OSIS - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $234.59 and last traded at $229.22, with a volume of 6068 shares. The stock had previously closed at $227.44.

Analyst Upgrades and Downgrades

OSIS has been the subject of a number of recent research reports. 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. Wall Street Zen upgraded OSI Systems from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Oppenheimer upped their target price on shares of OSI Systems from $225.00 to $260.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. 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 report on Tuesday, April 8th. Finally, Roth Mkm upped their price target on shares of OSI Systems from $224.00 to $245.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $228.33.

OSI Systems Price Performance

The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of 28.20, a P/E/G 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 business's 50 day simple moving average is $205.77 and its 200-day simple moving average is $190.21.

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 analysts' consensus estimates of $2.38 by $0.06. The firm had revenue of $444.35 million for the quarter, compared to the consensus estimate 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 for the quarter was up 9.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.16 earnings per share. On average, research analysts forecast that OSI Systems, Inc. will post 9.22 earnings per share for the current year.

Insider Activity

In other OSI Systems news, Chairman Deepak Chopra sold 20,000 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $221.79, for a total transaction of $4,435,800.00. Following the completion of the sale, the chairman now owns 339,478 shares in the company, valued at approximately $75,292,825.62. The trade was a 5.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William Francis Ballhaus, Jr. sold 933 shares of OSI Systems stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $219.77, for a total transaction of $205,045.41. Following the transaction, the director now directly owns 24,805 shares in the company, valued at $5,451,394.85. This represents a 3.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have 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

Hedge funds have recently bought and sold shares of the company. National Bank of Canada FI boosted its holdings in OSI Systems by 118.2% during 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 during the last quarter. Aster Capital Management DIFC Ltd bought a new position in OSI Systems in the 4th quarter valued at $25,000. Richardson Financial Services Inc. grew its stake in OSI Systems by 65.6% in the 4th quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company's stock valued at $26,000 after purchasing an additional 61 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of 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 buying an additional 113 shares during the last quarter. Finally, Virtus Advisers LLC purchased a new position in shares of OSI Systems in the 1st quarter worth about $43,000. 89.21% of the stock is owned by hedge funds and other institutional investors.

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.