OSI Systems (NASDAQ:OSIS) Sets New 52-Week High - Should You Buy?

OSI Systems, Inc. (NASDAQ:OSIS - Get Free Report)'s stock price hit a new 52-week high on Monday . The stock traded as high as $233.80 and last traded at $230.14, with a volume of 14067 shares traded. The stock had previously closed at $223.53.

Analyst Ratings Changes

OSIS has been the topic of several analyst reports. Wells Fargo & Company lowered their price target on shares of OSI Systems from $220.00 to $210.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. JPMorgan Chase & Co. began coverage on shares of OSI Systems in a research note on Friday, February 21st. They set a "neutral" rating and a $225.00 price target for the company. Roth Mkm upped their price target on OSI Systems from $224.00 to $245.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. B. Riley reissued a "buy" rating and issued a $255.00 price objective (up previously from $221.00) on shares of OSI Systems in a research note on Friday, May 2nd. Finally, 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. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, OSI Systems currently has an average rating of "Moderate Buy" and an average target price of $228.33.

OSI Systems Stock Up 2.1%

The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of 29.38, a PEG ratio of 1.81 and a beta of 1.28. The firm has a 50-day moving average of $195.13 and a 200 day moving average of $182.80. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.88 and a quick ratio of 1.25.

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

Insider Activity at OSI Systems

In other news, insider Glenn Grindstaff sold 688 shares of the company's stock in a transaction on 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 of the company's stock, valued at approximately $1,878,731.06. This represents a 7.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction on Monday, May 5th. The stock was sold at an average price of $221.79, for a total transaction of $4,435,800.00. Following the transaction, the chairman now directly owns 339,478 shares of the company's stock, valued at $75,292,825.62. This represents a 5.56% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,621 shares of company stock valued at $4,795,570. 5.20% of the stock is owned by insiders.

Institutional Trading of OSI Systems

A number of institutional investors have recently bought and sold shares of OSIS. State of Wyoming raised its position in shares of OSI Systems by 1.9% in the fourth quarter. State of Wyoming now owns 2,698 shares of the technology company's stock worth $452,000 after buying an additional 51 shares in the last quarter. Richardson Financial Services Inc. raised its holdings in shares of 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 acquiring an additional 61 shares in the last quarter. MetLife Investment Management LLC boosted its position in shares of OSI Systems by 0.7% during the 4th quarter. MetLife Investment Management LLC now owns 9,401 shares of the technology company's stock valued at $1,574,000 after acquiring an additional 61 shares during the last quarter. Summit Investment Advisors Inc. grew its holdings in shares of OSI Systems by 4.7% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,660 shares of the technology company's stock worth $278,000 after purchasing an additional 74 shares in the last quarter. Finally, Hohimer Wealth Management LLC raised its stake in OSI Systems by 4.2% in the first quarter. Hohimer Wealth Management LLC now owns 1,927 shares of the technology company's stock valued at $374,000 after purchasing an additional 77 shares in the last quarter. Institutional investors own 89.21% of the company's stock.

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.

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