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

Key Points

• OSI Systems (NASDAQ:OSIS) reached a new 12-month high, trading at $257.41 with strong analyst support recommending a "buy" rating from multiple financial institutions.
• For Q2, the company reported earnings of $3.24 per share, exceeding expectations of $3.19 and showing a 4.9% increase in revenue year-over-year.
• Insider selling activity was noted, including a significant sale by Chairman Deepak Chopra of 20,000 shares, which decreased his ownership by 6.01% following the transaction.

OSI Systems, Inc. (NASDAQ:OSIS - Get Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as $257.41 and last traded at $256.48, with a volume of 1355 shares trading hands. The stock had previously closed at $256.66.

Wall Street Analyst Weigh In

OSIS has been the topic of a number of recent research reports. B. Riley upped their price target on OSI Systems from $255.00 to $260.00 and gave the company a "buy" rating in a research report on Friday, August 22nd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of OSI Systems in a research report on Wednesday, October 8th. Oppenheimer upped their price target on OSI Systems from $270.00 to $280.00 and gave the company an "outperform" rating in a research report on Friday, October 3rd. Finally, Bank of America upped their price target on OSI Systems from $250.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, September 26th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, OSI Systems has a consensus rating of "Moderate Buy" and an average target price of $247.50.

OSI Systems Price Performance

The firm has a market capitalization of $4.28 billion, a P/E ratio of 29.07, a price-to-earnings-growth ratio of 2.14 and a beta of 1.32. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.46 and a current ratio of 2.04. The business has a 50 day simple moving average of $236.09 and a two-hundred day simple moving average of $222.13.

OSI Systems (NASDAQ:OSIS - Get Free Report) last announced its earnings results on Thursday, August 21st. The technology company reported $3.24 earnings per share for the quarter, topping analysts' consensus estimates of $3.19 by $0.05. The business had revenue of $504.99 million for the quarter, compared to analyst estimates of $497.22 million. OSI Systems had a return on equity of 18.69% and a net margin of 8.73%.The company's quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.84 EPS. OSI Systems has set its FY 2026 guidance at 10.110-10.390 EPS. On average, sell-side analysts expect that OSI Systems, Inc. will post 9.22 EPS for the current fiscal year.

Insider Activity

In other news, Chairman Deepak Chopra sold 20,000 shares of the stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $245.80, for a total transaction of $4,916,000.00. Following the transaction, the chairman directly owned 312,969 shares in the company, valued at approximately $76,927,780.20. This represents a 6.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul Keith Morben sold 1,671 shares of the stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $236.76, for a total value of $395,625.96. Following the transaction, the insider owned 8,749 shares in the company, valued at $2,071,413.24. This trade represents a 16.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On OSI Systems

Several institutional investors have recently modified their holdings of OSIS. National Bank of Canada FI grew its position 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. Bessemer Group Inc. grew its position in OSI Systems by 78.7% during the 2nd quarter. Bessemer Group Inc. now owns 134 shares of the technology company's stock worth $30,000 after acquiring an additional 59 shares during the last quarter. Nisa Investment Advisors LLC grew its position in OSI Systems by 139.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 194 shares of the technology company's stock worth $38,000 after acquiring an additional 113 shares during the last quarter. Virtus Advisers LLC bought a new position in OSI Systems during the 1st quarter worth approximately $43,000. Finally, USA Financial Formulas bought a new position in OSI Systems during the 2nd quarter worth approximately $55,000. 89.21% of the stock is currently owned by 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.