OSI Systems, Inc. CFO Alan I. Edrick Sells Shares

OSI Systems, Inc. (NASDAQ:OSIS) has recently seen its Chief Financial Officer, Alan I. Edrick, sell 2,354 shares of the company's stock. This transaction occurred on Thursday, December 12th, and was executed at an average price of $188.42 per share, resulting in a total value of $443,540.68. Following this sale, Edrick now holds a total of 312,444 shares, which are currently valued at approximately $58,870,698.48. This represents a decrease of 0.75% in his stake in the company. Details of this transaction were filed with the Securities and Exchange Commission (SEC) and can be reviewed through their official website.

OSI Systems Stock Performance

The stock of OSI Systems experienced a decline of 3.2% on the day following Edrick's sale, dropping $5.96 to reach $181.79. During mid-day trading, the company saw a trading volume of 299,295 shares, significantly higher than its average daily volume of 134,710 shares. Over the past year, the stock reached a low of $120.42 and hit a high of $189.13. OSI Systems has a current ratio of 1.84, a quick ratio of 1.20, and a debt-to-equity ratio of 0.60. The company's 50-day moving average stands at $155.39, and the 200-day moving average is at $146.89. With a market capitalization of $3.04 billion, OSI Systems holds a price-to-earnings ratio of 23.86 and a price-to-earnings-growth ratio of 1.59, with a beta value of 1.18.

Recent Earnings Report

OSI Systems recently reported its quarterly earnings data on October 24th, showcasing earnings of $1.25 per share, which surpasses the consensus estimate of $1.06 by $0.19. The company's revenue for the quarter was recorded at $344.01 million, exceeding analyst expectations of $318.66 million. Notably, OSI Systems achieved a net margin of 8.31% and a return on equity of 18.17%. When comparing this quarter to the same quarter of the previous year, revenue saw a remarkable increase of 23.2%, as the company posted $0.91 EPS in the same quarter last year. Predicted earnings for the current year stand at an average of $9.13 EPS based on analyst outlooks.

Changes in Analyst Ratings

Recently, OSI Systems has been the focus of various research reports. On September 30th, Bank of America initiated coverage on the company, issuing a "buy" rating with a target price of $175.00. Following that, StockNews.com upgraded OSI Systems from a "sell" rating to a "hold" rating. Wells Fargo & Company revised their price target, increasing it from $172.00 to $202.00, categorizing the stock as "overweight". Also, Roth Mkm raised their price target from $172.00 to $178.00, maintaining a "buy" stance. B. Riley similarly increased their price from $165.00 to $180.00 with a "buy" rating. Currently, one analyst has rated the stock as a "hold," while five analysts deem it a "buy," leading to an average rating of "Moderate Buy" and a target price average of $179.00 according to MarketBeat data.

Institutional Investors' Movements

In recent months, institutional investors and hedge funds have adjusted their positions in OSI Systems. For instance, Quest Partners LLC acquired a new stake in the company in the second quarter, valued at about $40,000. Innealta Capital LLC also purchased a new stake during the same period, approximately worth $82,000. Additionally, International Assets Investment Management LLC significantly enhanced its position by 15,075.0% during the third quarter, ending up with 607 shares worth $92,000 after buying an extra 603 shares. Other investors include Ashton Thomas Private Wealth LLC, which acquired a new stake valued at $160,000 in the second quarter, and nVerses Capital LLC, which bought a new position worth $182,000 in the third quarter. Overall, institutional investors hold about 89.21% of OSI Systems stock.

About OSI Systems

OSI Systems, Inc. is engaged in designing and manufacturing advanced electronic systems and components. The company operates in three distinct segments: Security, Healthcare, and Optoelectronics and Manufacturing. Under its Security segment, OSI provides an array of services, including baggage and parcel inspection, vehicle and cargo inspection, hold baggage screening, radiation monitoring, trace detection systems for explosives and narcotics, along with various optical inspection systems under their Rapiscan brand.

CFO, Shares, Stock, Transaction, Investors