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William Ballhaus Jr., a director at OSI Systems Inc. (NASDAQ:OSIS), recently sold shares of the company's common stock, according to a regulatory filing. The transaction, which took place on December 10, involved the sale of 675 shares at a price of $181.63 each, totaling approximately $122,600. The sale occurred as OSI Systems trades near its 52-week high of $188.44, with the stock delivering impressive returns of 51% over the past year. InvestingPro analysis indicates the stock is currently in overbought territory. Following this transaction, Ballhaus holds 26,488 shares indirectly through the Ballhaus Trust. Additionally, a separate transaction recorded on the same day involved the disposition of 28 shares without any monetary exchange. With OSI Systems' market capitalization now at $3.1 billion, InvestingPro subscribers can access comprehensive insider trading analysis and 11 additional ProTips to better understand the company's current market position.
In other recent news, OSI Systems has been experiencing significant developments. Analysts at Oppenheimer have raised the company's target from $175 to $205, indicating a positive outlook for the firm. The company has also reported a strong start to the fiscal year 2025, with a 23% increase in revenue to $344 million, primarily driven by its Security division. Non-GAAP adjusted earnings per share stood at $1.25, and the firm ended the quarter with a substantial backlog of approximately $1.8 billion.
OSI Systems has adjusted its revenue guidance for fiscal '25 to between $1.67 billion and $1.695 billion, and non-GAAP diluted EPS guidance to $9 to $9.30 per share. The company also announced the appointment of Ajay Mehra as the new President and Chief Executive Officer, succeeding Deepak Chopra, who will become the Executive Chairman of the Board.
In addition, OSI Systems secured significant orders worth $6 million each from a leading healthcare equipment manufacturer and a U.S. hospital system for the provision of optical sensors and patient monitoring solutions respectively. These recent developments highlight the company's ongoing commitment to its customers and its capability to meet specialized needs in the healthcare industry.
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