Oberweis Asset Management Inc. Grows Stock Holdings in OSI Systems, Inc. (NASDAQ:OSIS)

Oberweis Asset Management Inc. grew its position in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 45.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,400 shares of the technology company's stock after buying an additional 31,200 shares during the quarter. Oberweis Asset Management Inc. owned 0.60% of OSI Systems worth $16,810,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Barclays PLC increased its stake in OSI Systems by 252.3% during the third quarter. Barclays PLC now owns 35,519 shares of the technology company's stock worth $5,392,000 after purchasing an additional 25,437 shares during the period. World Investment Advisors LLC purchased a new stake in OSI Systems during the 3rd quarter worth approximately $16,713,000. Franklin Resources Inc. lifted its holdings in OSI Systems by 3.5% during the 3rd quarter. Franklin Resources Inc. now owns 9,560 shares of the technology company's stock worth $1,429,000 after buying an additional 324 shares in the last quarter. Nordea Investment Management AB boosted its position in OSI Systems by 4.5% in the 4th quarter. Nordea Investment Management AB now owns 52,821 shares of the technology company's stock valued at $8,915,000 after buying an additional 2,270 shares during the period. Finally, Oliver Luxxe Assets LLC grew its stake in shares of OSI Systems by 6.0% in the fourth quarter. Oliver Luxxe Assets LLC now owns 22,689 shares of the technology company's stock worth $3,799,000 after acquiring an additional 1,293 shares in the last quarter. Institutional investors and hedge funds own 89.21% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on OSIS shares. StockNews.com cut OSI Systems from a "hold" rating to a "sell" rating in a research note on Thursday, March 27th. Wells Fargo & Company decreased their price objective on OSI Systems from $220.00 to $210.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Roth Mkm upped 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. 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. Finally, JPMorgan Chase & Co. began coverage on shares of OSI Systems in a report on Friday, February 21st. They set a "neutral" rating and a $225.00 price target for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $213.33.

Insiders Place Their Bets

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

OSI Systems Stock Performance

Shares of OSI Systems stock opened at $193.58 on Thursday. The company has a quick ratio of 1.25, a current ratio of 1.88 and a debt-to-equity ratio of 0.56. OSI Systems, Inc. has a 52 week low of $126.57 and a 52 week high of $220.00. The firm's 50 day moving average is $193.08 and its two-hundred day moving average is $176.61. The firm has a market capitalization of $3.25 billion, a P/E ratio of 24.91, a P/E/G ratio of 1.81 and a beta of 1.19.

OSI Systems (NASDAQ:OSIS - Get Free Report) last posted its earnings results on Thursday, January 23rd. The technology company reported $2.42 EPS for the quarter, beating 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%. Research analysts forecast that OSI Systems, Inc. will post 9.22 EPS for the current fiscal year.

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.

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