In a recent transaction, Glenn Grindstaff, the Chief Human Resources Officer of OSI Systems Inc. (NASDAQ:OSIS), a $3.76 billion security and healthcare technology company that has delivered a 64% return over the past year, sold 688 shares of the company’s common stock. The shares were sold at a price of $224.89 each, totaling approximately $154,724. The transaction occurred near the stock’s 52-week high of $227.34, with InvestingPro analysis indicating the stock is trading above its Fair Value. Following this transaction, Grindstaff holds 8,354 shares directly. This sale was reported in a filing with the Securities and Exchange Commission for the period ending May 8, 2025. The company maintains a strong financial health score according to InvestingPro, which offers 8 additional key insights about OSIS’s performance and valuation.
In other recent news, OSI Systems reported a strong financial performance for the third quarter of fiscal year 2025, surpassing analyst expectations. The company achieved a record non-GAAP adjusted earnings per share of $2.44, exceeding the forecast of $2.41, while revenue reached $444 million, outperforming the anticipated $437.07 million. OSI Systems has also secured a $36 million contract to deploy and maintain airport security screening solutions at a major international airport in the Middle East. Additionally, Oppenheimer has raised its price target for OSI Systems from $225 to $260, maintaining an Outperform rating, citing the company’s robust backlog and potential benefits from increased U.S. border security spending. The company has further strengthened its position by acquiring an RF-based solutions business, contributing $29 million to the quarter’s revenues. OSI Systems continues to expand its project pipeline across various sectors, including cargo installations and airport security. The company’s recent developments indicate a focus on enhancing its competitive positioning and leadership in security and electronics markets.
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