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

Oberweis Asset Management Inc. grew its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 45.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 100,400 shares of the technology company's stock after purchasing an additional 31,200 shares during the period. Oberweis Asset Management Inc. owned approximately 0.60% of OSI Systems worth $16,810,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in OSIS. Capital International Investors purchased a new position in shares of OSI Systems in the 4th quarter valued at approximately $97,258,000. Mawer Investment Management Ltd. acquired a new position in OSI Systems during the 4th quarter valued at approximately $63,171,000. FMR LLC raised its holdings in shares of OSI Systems by 31.6% in the fourth quarter. FMR LLC now owns 847,907 shares of the technology company's stock worth $141,965,000 after buying an additional 203,511 shares during the last quarter. World Investment Advisors LLC acquired a new stake in shares of OSI Systems during the third quarter worth $16,713,000. Finally, Boston Partners grew its holdings in shares of OSI Systems by 34.7% during the fourth 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 last quarter. Institutional investors and hedge funds own 89.21% of the company's stock.

Insider Transactions at OSI Systems

In other news, insider Paul Keith Morben sold 155 shares of the stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $199.36, for a total value of $30,900.80. Following the completion of the sale, the insider now directly owns 10,077 shares in the company, valued at $2,008,950.72. This represents a 1.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 5.20% of the company's stock.

OSI Systems Price Performance

Shares of NASDAQ:OSIS traded up $2.31 during midday trading on Tuesday, reaching $203.81. 30,417 shares of the company's stock traded hands, compared to its average volume of 184,402. The company has a market cap of $3.42 billion, a P/E ratio of 26.18, a PEG ratio of 1.81 and a beta of 1.19. The company has a fifty day simple moving average of $192.23 and a two-hundred day simple moving average of $178.18. 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, Inc. has a 1 year low of $129.18 and a 1 year high of $220.00.

Analysts Set New Price Targets

OSIS has been the subject of a number of research reports. Oppenheimer lifted their price target on 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 increased their price target on shares of OSI Systems from $178.00 to $224.00 and gave the stock a "buy" rating in a report on Friday, January 24th. B. Riley increased their price objective 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. Wells Fargo & Company dropped their target price on OSI Systems from $220.00 to $210.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, StockNews.com cut shares of OSI Systems from a "hold" rating to a "sell" rating in a research note on Thursday, March 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $213.33.

OSI Systems Profile

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.