Insider Selling: OSI Systems, Inc. (NASDAQ:OSIS) EVP Sells 10,701 Shares of Stock

OSI Systems, Inc. (NASDAQ:OSIS) EVP Ajay Mehra sold 10,701 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $106.52, for a total transaction of $1,139,870.52. Following the completion of the sale, the executive vice president now directly owns 113,958 shares in the company, valued at $12,138,806.16. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Ajay Mehra also recently made the following trade(s):

  • On Monday, August 26th, Ajay Mehra sold 2,668 shares of OSI Systems stock. The shares were sold at an average price of $99.98, for a total transaction of $266,746.64.

NASDAQ OSIS traded down $0.24 during trading hours on Friday, reaching $106.11. The company’s stock had a trading volume of 159,282 shares, compared to its average volume of 174,765. The stock has a market cap of $1.92 billion, a PE ratio of 24.56, a PEG ratio of 1.80 and a beta of 0.88. OSI Systems, Inc. has a fifty-two week low of $67.15 and a fifty-two week high of $117.21. The company’s 50-day moving average is $107.35 and its two-hundred day moving average is $100.65. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.85 and a current ratio of 1.68.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings results on Monday, August 26th. The technology company reported $1.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.09. OSI Systems had a net margin of 5.48% and a return on equity of 15.68%. The company had revenue of $308.38 million for the quarter, compared to analysts’ expectations of $304.13 million. During the same period last year, the company earned $1.02 EPS. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. Equities analysts expect that OSI Systems, Inc. will post 4.7 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of OSI Systems by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 1,840,347 shares of the technology company’s stock worth $207,278,000 after purchasing an additional 21,687 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of OSI Systems by 0.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,083,252 shares of the technology company’s stock worth $79,403,000 after purchasing an additional 5,210 shares during the last quarter. Invesco Ltd. boosted its stake in shares of OSI Systems by 490.4% during the 2nd quarter. Invesco Ltd. now owns 674,280 shares of the technology company’s stock worth $75,944,000 after purchasing an additional 560,080 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of OSI Systems by 6.1% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 520,004 shares of the technology company’s stock worth $58,568,000 after purchasing an additional 30,014 shares during the last quarter. Finally, Neumeier Poma Investment Counsel LLC boosted its stake in shares of OSI Systems by 14.1% during the 2nd quarter. Neumeier Poma Investment Counsel LLC now owns 366,483 shares of the technology company’s stock worth $41,277,000 after purchasing an additional 45,215 shares during the last quarter. 96.84% of the stock is currently owned by institutional investors.

A number of equities research analysts recently commented on OSIS shares. ValuEngine cut shares of OSI Systems from a “buy” rating to a “hold” rating in a research note on Wednesday. B. Riley increased their price objective on shares of OSI Systems from $113.00 to $119.00 and gave the company a “buy” rating in a research note on Tuesday, August 27th. BidaskClub cut shares of OSI Systems from a “hold” rating to a “sell” rating in a research note on Saturday, August 24th. Finally, Zacks Investment Research raised shares of OSI Systems from a “hold” rating to a “buy” rating and set a $117.00 price objective on the stock in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $112.00.

About OSI Systems

OSI Systems, Inc designs, manufactures, and sells electronic systems and components worldwide. The company's Security segment offers baggage and parcel inspection, cargo and vehicle inspection, hold baggage and people screening, radiation detection, and explosive and narcotics trace detection systems under the Rapiscan Systems and AS&E names.

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Insider Buying and Selling by Quarter for OSI Systems (NASDAQ:OSIS)

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