OSI Systems, Inc. (NASDAQ:OSIS) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 1,173,900 shares, a growth of 12.2% from the July 31st total of 1,045,800 shares. Based on an average daily trading volume, of 194,700 shares, the short-interest ratio is presently 6.0 days. Approximately 7.0% of the company’s stock are short sold.

In related news, insider Deepak Chopra sold 35,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $106.54, for a total transaction of $3,728,900.00. Following the sale, the insider now directly owns 549,530 shares in the company, valued at $58,546,926.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Victor S. Sze sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $105.05, for a total transaction of $1,575,750.00. Following the sale, the general counsel now owns 165,226 shares in the company, valued at $17,356,991.30. The disclosure for this sale can be found here. Insiders have sold 128,332 shares of company stock worth $13,587,838 over the last 90 days. Insiders own 8.60% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in OSI Systems by 1.2% in the second quarter. Vanguard Group Inc. now owns 1,840,347 shares of the technology company’s stock valued at $207,278,000 after purchasing an additional 21,687 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of OSI Systems by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,083,252 shares of the technology company’s stock valued at $79,403,000 after acquiring an additional 5,210 shares during the period. Invesco Ltd. boosted its holdings in shares of OSI Systems by 490.4% in the second quarter. Invesco Ltd. now owns 674,280 shares of the technology company’s stock valued at $75,944,000 after acquiring an additional 560,080 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of OSI Systems by 6.1% in the second quarter. Price T Rowe Associates Inc. MD now owns 520,004 shares of the technology company’s stock valued at $58,568,000 after acquiring an additional 30,014 shares during the period. Finally, Neumeier Poma Investment Counsel LLC boosted its holdings in shares of OSI Systems by 14.1% in the second quarter. Neumeier Poma Investment Counsel LLC now owns 366,483 shares of the technology company’s stock valued at $41,277,000 after acquiring an additional 45,215 shares during the period. Institutional investors own 98.86% of the company’s stock.

OSIS has been the topic of several recent analyst reports. B. Riley increased their price target on shares of OSI Systems from $113.00 to $119.00 and gave the company a “buy” rating in a research note on Tuesday, August 27th. ValuEngine lowered shares of OSI Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Zacks Investment Research upgraded shares of OSI Systems from a “hold” rating to a “buy” rating and set a $117.00 price target on the stock in a research note on Thursday, August 29th. Finally, BidaskClub lowered shares of OSI Systems from a “hold” rating to a “sell” rating in a research note on Saturday, August 24th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $112.00.

OSI Systems stock traded down $0.17 during mid-day trading on Friday, hitting $104.73. The company had a trading volume of 128,000 shares, compared to its average volume of 175,314. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 24.24, a PEG ratio of 1.78 and a beta of 0.88. OSI Systems has a 1 year low of $67.15 and a 1 year high of $117.21. The company has a quick ratio of 0.96, a current ratio of 1.68 and a debt-to-equity ratio of 0.47. The business has a fifty day moving average of $106.61 and a 200 day moving average of $101.24.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings results on Monday, August 26th. The technology company reported $1.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.09. The company had revenue of $308.38 million for the quarter, compared to analyst estimates of $304.13 million. OSI Systems had a net margin of 5.48% and a return on equity of 15.68%. The firm’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.02 earnings per share. Equities analysts anticipate that OSI Systems will post 4.7 earnings per share for the current year.

OSI Systems Company Profile

OSI Systems, Inc designs, manufactures, and sells electronic systems and components worldwide. The company's Security segment offers baggage and parcel inspection, cargo and vehicle inspection, hold baggage and people screening, radiation detection, and explosive and narcotics trace detection systems under the Rapiscan Systems and AS&E names.

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