OSI Systems, Inc. (OSIS) Director Purchases $1,135,800.00 in Stock

OSI Systems, Inc. (NASDAQ:OSIS) Director Meyer/ Luskin bought 20,000 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were acquired at an average price of $56.79 per share, for a total transaction of $1,135,800.00. Following the completion of the transaction, the director now owns 10,376 shares in the company, valued at approximately $589,253.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

OSI Systems, Inc. (NASDAQ OSIS) traded down $2.22 during trading on Thursday, reaching $57.70. 675,987 shares of the company’s stock were exchanged, compared to its average volume of 526,533. The company has a current ratio of 1.55, a quick ratio of 0.96 and a debt-to-equity ratio of 0.46. OSI Systems, Inc. has a 52 week low of $50.50 and a 52 week high of $96.64. The firm has a market cap of $1,107.31, a P/E ratio of -52.10, a PEG ratio of 1.23 and a beta of 0.88.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings results on Thursday, February 1st. The technology company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.08. The company had revenue of $277.53 million during the quarter, compared to analysts’ expectations of $263.77 million. OSI Systems had a positive return on equity of 12.78% and a negative net margin of 2.06%. OSI Systems’s revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.68 EPS. research analysts expect that OSI Systems, Inc. will post 3.5 earnings per share for the current fiscal year.

A number of research firms have issued reports on OSIS. B. Riley restated a “buy” rating and set a $108.00 target price on shares of OSI Systems in a research report on Tuesday, October 24th. Zacks Investment Research downgraded shares of OSI Systems from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. BidaskClub downgraded shares of OSI Systems from a “sell” rating to a “strong sell” rating in a research report on Saturday, January 20th. TheStreet downgraded shares of OSI Systems from a “b-” rating to a “c+” rating in a research report on Monday, January 22nd. Finally, Jefferies Group downgraded shares of OSI Systems from a “buy” rating to a “hold” rating and cut their target price for the company from $79.00 to $70.00 in a research report on Friday, February 2nd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $85.80.

Several hedge funds have recently made changes to their positions in OSIS. Teachers Advisors LLC increased its stake in shares of OSI Systems by 8.1% in the 2nd quarter. Teachers Advisors LLC now owns 32,162 shares of the technology company’s stock valued at $2,417,000 after acquiring an additional 2,419 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of OSI Systems by 15.0% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 54,745 shares of the technology company’s stock valued at $4,114,000 after acquiring an additional 7,153 shares during the last quarter. Nationwide Fund Advisors increased its stake in shares of OSI Systems by 0.6% in the 2nd quarter. Nationwide Fund Advisors now owns 12,294 shares of the technology company’s stock valued at $924,000 after acquiring an additional 74 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of OSI Systems by 66.0% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 9,825 shares of the technology company’s stock valued at $738,000 after acquiring an additional 3,908 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of OSI Systems by 8.0% in the 2nd quarter. Northern Trust Corp now owns 251,527 shares of the technology company’s stock valued at $18,902,000 after acquiring an additional 18,525 shares during the last quarter.

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About OSI Systems

OSI Systems, Inc, through its subsidiaries, is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications. The Company sells its products and provides related services in diversified markets, including homeland security, healthcare, defense and aerospace.

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