OSI Systems (NASDAQ:OSIS) Shares Down 5.6% - Time to Sell?

OSI Systems, Inc. (NASDAQ:OSIS - Get Free Report) dropped 5.6% during trading on Friday . The stock traded as low as $216.56 and last traded at $217.03. Approximately 71,553 shares traded hands during trading, a decline of 66% from the average daily volume of 208,471 shares. The stock had previously closed at $229.98.

Wall Street Analyst Weigh In

OSIS has been the subject of several analyst reports. B. Riley reaffirmed a "buy" rating and set a $255.00 target price (up from $221.00) on shares of OSI Systems in a report on Friday, May 2nd. Wall Street Zen raised OSI Systems from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Roth Mkm increased their price objective on OSI Systems from $224.00 to $245.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Wells Fargo & Company reduced their price objective 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, Oppenheimer increased their price objective on OSI Systems from $225.00 to $260.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. 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 stock has an average rating of "Moderate Buy" and an average price target of $228.33.

OSI Systems Stock Performance

The firm has a 50 day moving average of $224.60 and a 200-day moving average of $202.42. The stock has a market capitalization of $3.56 billion, a PE ratio of 25.83, a P/E/G ratio of 1.80 and a beta of 1.27. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.38 and a current ratio of 2.11.

OSI Systems (NASDAQ:OSIS - Get Free Report) last issued 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. OSI Systems had a return on equity of 18.37% and a net margin of 8.38%. The company had revenue of $444.35 million for the quarter, compared to analyst estimates of $436.49 million. During the same period in the prior year, the firm posted $2.16 EPS. The business's revenue was up 9.5% compared to the same quarter last year. Research analysts forecast that OSI Systems, Inc. will post 9.22 earnings per share for the current year.

Insider Buying and Selling

In other OSI Systems news, CFO Alan I. Edrick sold 20,000 shares of the company's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $229.00, for a total value of $4,580,000.00. Following the transaction, the chief financial officer directly owned 284,953 shares of the company's stock, valued at $65,254,237. This represents a 6.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Deepak Chopra sold 20,000 shares of the company's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $221.79, for a total value of $4,435,800.00. Following the completion of the transaction, the chairman directly owned 339,478 shares in the company, valued at approximately $75,292,825.62. The trade was a 5.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 43,371 shares of company stock worth $9,784,380. Insiders own 5.20% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. National Bank of Canada FI increased its holdings in shares of OSI Systems by 118.2% during the 1st 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 during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of OSI Systems during the 4th quarter valued at about $25,000. Nisa Investment Advisors LLC increased its holdings in shares of OSI Systems by 139.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 194 shares of the technology company's stock valued at $38,000 after acquiring an additional 113 shares during the last quarter. Virtus Advisers LLC acquired a new position in shares of OSI Systems during the 1st quarter valued at about $43,000. Finally, GAMMA Investing LLC increased its holdings in shares of OSI Systems by 73.8% during the 2nd quarter. GAMMA Investing LLC now owns 278 shares of the technology company's stock valued at $63,000 after acquiring an additional 118 shares during the last quarter. 89.21% of the stock is owned by institutional investors and hedge funds.

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.