William Francis Ballhaus, Jr. Sells 675 Shares of OSI Systems, Inc. (NASDAQ:OSIS) Stock

OSI Systems, Inc. (NASDAQ:OSIS) Director William Francis Ballhaus, Jr. sold 675 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $133.98, for a total value of $90,436.50. Following the sale, the director now directly owns 25,907 shares in the company, valued at approximately $3,471,019.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

OSI Systems Stock Down 0.7 %

Shares of OSI Systems stock traded down $0.94 during trading on Friday, hitting $134.58. 4,466 shares of the stock were exchanged, compared to its average volume of 96,165. OSI Systems, Inc. has a 12-month low of $103.04 and a 12-month high of $144.11. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 18.64, a price-to-earnings-growth ratio of 1.52 and a beta of 0.99. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.47 and a quick ratio of 0.89. The firm’s 50-day moving average price is $136.10 and its 200 day moving average price is $128.36.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings data on Thursday, April 25th. The technology company reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $2.11 by $0.05. OSI Systems had a net margin of 8.56% and a return on equity of 18.10%. The company had revenue of $405.41 million for the quarter, compared to analyst estimates of $401.99 million. During the same period in the previous year, the business posted $1.49 earnings per share. OSI Systems’s quarterly revenue was up 33.8% on a year-over-year basis. As a group, analysts forecast that OSI Systems, Inc. will post 8.09 earnings per share for the current fiscal year.

Hedge Funds Weigh In On OSI Systems

Several large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new position in OSI Systems in the 3rd quarter worth about $118,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of OSI Systems by 20.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,062 shares of the technology company’s stock valued at $361,000 after purchasing an additional 513 shares in the last quarter. Inspire Investing LLC lifted its holdings in OSI Systems by 203.8% in the 3rd quarter. Inspire Investing LLC now owns 8,080 shares of the technology company’s stock worth $954,000 after purchasing an additional 5,420 shares during the last quarter. Watershed Asset Management L.L.C. acquired a new stake in shares of OSI Systems in the third quarter valued at about $271,000. Finally, Teacher Retirement System of Texas increased its position in OSI Systems by 40.9% during the third quarter. Teacher Retirement System of Texas now owns 17,874 shares of the technology company’s stock worth $2,110,000 after acquiring an additional 5,185 shares during the period. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Roth Mkm upped their target price on OSI Systems from $169.00 to $172.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Oppenheimer lifted their target price on shares of OSI Systems from $157.00 to $160.00 and gave the company an “outperform” rating in a research report on Monday, April 29th. Finally, StockNews.com lowered shares of OSI Systems from a “buy” rating to a “hold” rating in a report on Saturday, April 27th.

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.