OSI Systems (NASDAQ:OSIS) Shares Down 5.6% - Should You Sell?

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

Analysts Set New Price Targets

Several research firms have recently commented on OSIS. B. Riley restated a "buy" rating and issued a $255.00 price target (up previously from $221.00) on shares of OSI Systems in a report on Friday, May 2nd. Roth Mkm boosted their target price on shares of OSI Systems from $224.00 to $245.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. 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. Wall Street Zen upgraded shares of OSI Systems from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Finally, Oppenheimer raised their target price 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 equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $228.33.

OSI Systems Stock Down 6.3%

The company's 50-day moving average is $225.01 and its 200 day moving average is $201.53. The stock has a market capitalization of $3.62 billion, a PE ratio of 26.20, a price-to-earnings-growth ratio of 1.99 and a beta of 1.27. The company has a current ratio of 2.11, a quick ratio of 1.38 and a debt-to-equity ratio of 0.53.

OSI Systems (NASDAQ:OSIS - Get Free Report) last posted its quarterly earnings results 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. OSI Systems had a net margin of 8.38% and a return on equity of 18.37%. The business had revenue of $444.35 million during the quarter, compared to analysts' expectations of $436.49 million. During the same quarter last year, the company posted $2.16 earnings per share. The business's quarterly revenue was up 9.5% on a year-over-year basis. As a group, analysts anticipate that OSI Systems, Inc. will post 9.22 EPS for the current year.

Insider Transactions at OSI Systems

In other news, CFO Alan I. Edrick sold 20,000 shares of the business'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 completion of the transaction, the chief financial officer owned 284,953 shares of the company's stock, valued at $65,254,237. The trade was a 6.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 sale, the chairman owned 339,478 shares in the company, valued at $75,292,825.62. The trade was a 5.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,371 shares of company stock valued at $9,784,380 over the last quarter. Company insiders own 5.20% of the company's stock.

Institutional Investors Weigh In On OSI Systems

A number of institutional investors have recently modified their holdings of the business. Sequoia Financial Advisors LLC acquired a new stake in OSI Systems in the first quarter valued at approximately $234,000. QRG Capital Management Inc. grew its stake in OSI Systems by 11.8% in the 1st quarter. QRG Capital Management Inc. now owns 2,899 shares of the technology company's stock valued at $563,000 after acquiring an additional 305 shares during the period. Schroder Investment Management Group purchased a new stake in OSI Systems in the 4th quarter worth $472,000. Deutsche Bank AG raised its position in shares of OSI Systems by 47.3% in the fourth quarter. Deutsche Bank AG now owns 19,539 shares of the technology company's stock valued at $3,271,000 after buying an additional 6,277 shares during the last quarter. Finally, Cibc World Markets Corp purchased a new position in shares of OSI Systems in the fourth quarter worth about $248,000. 89.21% of the stock is currently 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.

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