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OSI Systems (NASDAQ:OSIS) Trading Down 5.8% - Here's Why

OSI Systems logo with Computer and Technology background

OSI Systems, Inc. (NASDAQ:OSIS - Get Free Report)'s stock price traded down 5.8% on Thursday . The company traded as low as $224.50 and last traded at $215.37. 70,183 shares were traded during trading, a decline of 70% from the average session volume of 233,873 shares. The stock had previously closed at $228.64.

Analyst Ratings Changes

A number of equities analysts have issued reports on OSIS shares. Wall Street Zen raised shares of OSI Systems from a "sell" rating to a "hold" rating in a report on Friday, May 16th. B. Riley reissued 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. 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 report on Tuesday, April 8th. Roth Mkm increased their target price on OSI Systems from $224.00 to $245.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Finally, Oppenheimer upped their price target on shares of OSI Systems from $225.00 to $260.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, OSI Systems currently has a consensus rating of "Moderate Buy" and a consensus price target of $228.33.

Read Our Latest Analysis on OSI Systems

OSI Systems Trading Down 5.8%

The firm has a 50-day moving average of $223.08 and a 200 day moving average of $200.12. The company has a current ratio of 2.11, a quick ratio of 1.38 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $3.62 billion, a price-to-earnings ratio of 26.20, a PEG ratio of 1.97 and a beta of 1.27.

OSI Systems (NASDAQ:OSIS - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The technology company reported $2.44 EPS for the quarter, beating analysts' consensus estimates 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 last year, the company earned $2.16 earnings per share. The company's quarterly revenue was up 9.5% compared to the same quarter last year. As a group, equities analysts predict that OSI Systems, Inc. will post 9.22 EPS for the current fiscal year.

Insider Activity at OSI Systems

In related news, Director Meyer/ Luskin sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $237.15, for a total transaction of $237,150.00. Following the sale, the director owned 11,214 shares of the company's stock, valued at $2,659,400.10. The trade was a 8.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction on Monday, May 5th. The shares were sold at an average price of $221.79, for a total value of $4,435,800.00. Following the transaction, the chairman owned 339,478 shares in the company, valued at approximately $75,292,825.62. This trade represents a 5.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,371 shares of company stock worth $9,784,380 in the last three months. Insiders own 5.20% of the company's stock.

Institutional Investors Weigh In On OSI Systems

Institutional investors and hedge funds have recently bought and sold shares of the business. Capital International Investors acquired a new position in shares of OSI Systems in the 4th quarter worth approximately $97,258,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in OSI Systems by 161.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 877,393 shares of the technology company's stock worth $170,513,000 after buying an additional 541,882 shares in the last quarter. Mawer Investment Management Ltd. bought a new stake in OSI Systems during the fourth quarter worth approximately $63,171,000. Brown Advisory Inc. acquired a new position in OSI Systems in the fourth quarter worth approximately $45,618,000. Finally, T. Rowe Price Investment Management Inc. bought a new position in shares of OSI Systems in the first quarter valued at $39,686,000. 89.21% of the stock is owned by institutional investors and hedge funds.

About OSI Systems

(Get Free Report)

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.

Further Reading

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