OSI Systems (NASDAQ:OSIS) Trading Down 12.8% After Insider Selling
by Teresa Graham · The Cerbat GemOSI Systems, Inc. (NASDAQ:OSIS – Get Free Report)’s share price was down 12.8% during mid-day trading on Tuesday following insider selling activity. The stock traded as low as $249.01 and last traded at $246.7980. Approximately 85,249 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 267,374 shares. The stock had previously closed at $282.87.
Specifically, Director Deepak Chopra sold 20,000 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $281.84, for a total value of $5,636,800.00. Following the completion of the transaction, the director owned 253,044 shares of the company’s stock, valued at approximately $71,317,920.96. The trade was a 7.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on OSIS shares. Citigroup assumed coverage on shares of OSI Systems in a research note on Wednesday, April 15th. They set a “buy” rating and a $345.00 price objective for the company. Roth Mkm reaffirmed a “buy” rating and set a $310.00 price objective on shares of OSI Systems in a research note on Tuesday. JPMorgan Chase & Co. upped their price objective on shares of OSI Systems from $255.00 to $262.00 and gave the company a “neutral” rating in a research note on Monday, February 2nd. Weiss Ratings downgraded shares of OSI Systems from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. Finally, B. Riley Financial upped their price objective on shares of OSI Systems from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $303.43.
Check Out Our Latest Report on OSI Systems
OSI Systems Stock Performance
The company has a market capitalization of $3.97 billion, a PE ratio of 27.52, a PEG ratio of 1.97 and a beta of 1.31. The company has a debt-to-equity ratio of 1.12, a quick ratio of 2.31 and a current ratio of 3.25. The company has a 50 day moving average price of $281.03 and a 200 day moving average price of $273.13.
OSI Systems (NASDAQ:OSIS – Get Free Report) last released its earnings results on Monday, May 4th. The technology company reported $2.60 EPS for the quarter, beating the consensus estimate of $2.53 by $0.07. The company had revenue of $453.25 million during the quarter, compared to analysts’ expectations of $449.23 million. OSI Systems had a return on equity of 18.84% and a net margin of 8.42%.The business’s revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.44 EPS. OSI Systems has set its FY 2026 guidance at 10.300-10.550 EPS. Equities analysts forecast that OSI Systems, Inc. will post 10.43 EPS for the current year.
Hedge Funds Weigh In On OSI Systems
Several institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada raised its position in shares of OSI Systems by 519.8% during the 1st quarter. Royal Bank of Canada now owns 10,257 shares of the technology company’s stock valued at $1,993,000 after acquiring an additional 8,602 shares in the last quarter. AQR Capital Management LLC raised its position in shares of OSI Systems by 64.2% during the 1st quarter. AQR Capital Management LLC now owns 11,656 shares of the technology company’s stock valued at $2,265,000 after acquiring an additional 4,558 shares in the last quarter. Strs Ohio acquired a new stake in shares of OSI Systems during the 1st quarter valued at approximately $97,000. Amundi raised its position in shares of OSI Systems by 76,360.0% during the 2nd quarter. Amundi now owns 3,823 shares of the technology company’s stock valued at $874,000 after acquiring an additional 3,818 shares in the last quarter. Finally, Gamco Investors INC. ET AL acquired a new stake in shares of OSI Systems during the 2nd quarter valued at approximately $801,000. 89.21% of the stock is currently owned by hedge funds and other institutional investors.
OSI Systems Company Profile
OSI Systems, Inc (NASDAQ: OSIS) is a publicly traded technology company founded in 1987 and headquartered in Hawthorne, California. The company designs, develops and manufactures advanced security and inspection systems, optoelectronic devices and medical imaging equipment. Over its history, OSI Systems has grown its product offerings through internal research and development as well as strategic acquisitions, expanding its capabilities in mission-critical sensing and inspection technologies.
OSI Systems operates three primary business segments.