OSI Systems, Inc. (NASDAQ:OSIS) Shares Acquired by Bridge City Capital LLC

Bridge City Capital LLC boosted its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 8.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,467 shares of the technology company's stock after buying an additional 3,224 shares during the quarter. OSI Systems accounts for 1.9% of Bridge City Capital LLC's investment portfolio, making the stock its 11th largest position. Bridge City Capital LLC owned approximately 0.26% of OSI Systems worth $7,278,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC raised its stake in shares of OSI Systems by 4,891.4% in the third quarter. FMR LLC now owns 644,396 shares of the technology company's stock valued at $97,839,000 after acquiring an additional 631,486 shares in the last quarter. World Investment Advisors LLC acquired a new stake in OSI Systems in the 3rd quarter valued at about $16,713,000. Boston Partners boosted its stake in shares of OSI Systems by 34.7% in the 4th quarter. Boston Partners now owns 237,882 shares of the technology company's stock valued at $39,911,000 after buying an additional 61,304 shares during the period. Swedbank AB acquired a new position in shares of OSI Systems during the fourth quarter worth about $8,372,000. Finally, Telemark Asset Management LLC acquired a new position in shares of OSI Systems during the fourth quarter worth about $8,372,000. Hedge funds and other institutional investors own 89.21% of the company's stock.

Insider Buying and Selling

In other news, Director Gerald M. Chizever sold 2,701 shares of the company's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $195.83, for a total transaction of $528,936.83. Following the transaction, the director now directly owns 5,000 shares of the company's stock, valued at $979,150. This represents a 35.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Paul Keith Morben sold 155 shares of the business's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $199.36, for a total transaction of $30,900.80. Following the sale, the insider now directly owns 10,077 shares in the company, valued at approximately $2,008,950.72. This represents a 1.51 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company's stock.

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OSI Systems Stock Performance

NASDAQ OSIS traded down $1.19 during trading hours on Thursday, hitting $199.11. The company had a trading volume of 122,382 shares, compared to its average volume of 171,684. The business has a 50 day moving average of $196.10 and a 200-day moving average of $170.50. The company has a market cap of $3.34 billion, a PE ratio of 25.63, a price-to-earnings-growth ratio of 1.81 and a beta of 1.20. OSI Systems, Inc. has a 1-year low of $126.57 and a 1-year high of $220.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 1.88.

OSI Systems (NASDAQ:OSIS - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share for the quarter, topping analysts' consensus estimates of $2.34 by $0.08. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. As a group, equities research analysts expect that OSI Systems, Inc. will post 9.22 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on OSIS shares. B. Riley lifted their price target on shares of OSI Systems from $180.00 to $221.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Oppenheimer lifted their price objective on shares of OSI Systems from $205.00 to $225.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. Roth Mkm boosted their target price on shares of OSI Systems from $178.00 to $224.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Wells Fargo & Company raised their price target on OSI Systems from $172.00 to $202.00 and gave the company an "overweight" rating in a research note on Wednesday, December 11th. Finally, JPMorgan Chase & Co. assumed coverage on OSI Systems in a research report on Friday, February 21st. They set a "neutral" rating and a $225.00 price objective for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $212.00.

About OSI Systems

OSI Systems, Inc designs and manufactures electronic systems and components. It operates in three segments: Security, Healthcare, and Optoelectronics and Manufacturing. The Security segment offers baggage and parcel inspection, cargo and vehicle inspection, hold baggage and people screening, radiation monitoring, explosive and narcotics trace detection systems, and optical inspection systems under the Rapiscan name.