OSI Systems CFO Alan I. Edrick Sells Shares

On December 12th, Alan I. Edrick, the Chief Financial Officer of OSI Systems, Inc. (NASDAQ:OSIS), sold 2,354 shares of the company’s stock. The sale occurred at an average price of $188.42 per share, amounting to a total value of $443,540.68. Following this transaction, Edrick retains ownership of 312,444 shares, which are valued around $58,870,698.48. This sale marks a slight decrease of 0.75% in his overall position in the company. Details of this transaction have been disclosed in a filing with the Securities and Exchange Commission (SEC), which can be accessed online.

Recent Stock Performance

After the announcement of the share sale, OSI Systems' stock experienced a decline of 3.2% during mid-day trading on the following Friday, dropping to $181.79. The trading volume for the day reached 299,295 shares, significantly higher than the average trading volume of 134,710 shares. Over the past year, OSI Systems has seen its stock price fluctuate with a low of $120.42 and a high of $189.13. Financial indicators show 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, while its 200-day moving average is $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.

Quarterly Earnings Report

OSI Systems recently reported its quarterly earnings on October 24th. The company achieved earnings of $1.25 per share, surpassing analysts' expectations of $1.06 by $0.19. Revenue for the quarter hit $344.01 million, exceeding the forecast of $318.66 million. The company’s net profit margin was 8.31%, with a return on equity (ROE) of 18.17%. This revenue represented a 23.2% increase compared to the same quarter the previous year, up from an EPS of $0.91.

Analyst Ratings

Recently, some research reports have examined OSI Systems. Bank of America initiated coverage on the stock with a “buy” rating and set a price target of $175. StockNews.com upgraded its rating from “sell” to “hold.” Moreover, Wells Fargo raised its price target from $172.00 to $202.00, maintaining an “overweight” rating. Roth MKM increased its target price from $172.00 to $178.00, while B. Riley boosted its projection from $165.00 to $180.00, also assigning a “buy” rating. Currently, one analyst has a “hold” rating, while five hold “buy” ratings, yielding an overall average rating of “Moderate Buy” with a target price of $179.00 according to MarketBeat data.

Institutional Investor Activity

Recently, several institutional investors and hedge funds have adjusted their positions in OSI Systems. Notable movements include Quest Partners LLC acquiring a new stake valued at approximately $40,000 during the second quarter and Innealta Capital LLC investing around $82,000 in the same quarter. Additionally, International Assets Investment Management LLC raised its holdings by an astonishing 15,075% in the third quarter. Other stakeholders include Ashton Thomas Private Wealth LLC and nVerses Capital LLC, which both established new positions in the stock. Overall, institutional ownership stands at 89.21% of the company's shares.

About OSI Systems

OSI Systems, Inc. is known for designing and manufacturing electronic systems and components. The company operates through three key segments: Security, Healthcare, and Optoelectronics and Manufacturing. The Security segment offers advanced solutions such as baggage and parcel inspection systems, vehicle inspection technologies, as well as radiation detection systems, primarily marketed under the Rapiscan brand.

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