Bridge City Capital LLC Acquires 3,224 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Bridge City Capital LLC raised its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 8.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,467 shares of the technology company’s stock after buying an additional 3,224 shares during the quarter. OSI Systems comprises 1.9% of Bridge City Capital LLC’s investment portfolio, making the stock its 11th largest holding. Bridge City Capital LLC owned approximately 0.26% of OSI Systems worth $7,278,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Richardson Financial Services Inc. lifted its holdings in shares of OSI Systems by 65.6% during the fourth quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock worth $26,000 after buying an additional 61 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of OSI Systems by 243.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company’s stock worth $46,000 after buying an additional 195 shares during the last quarter. KBC Group NV lifted its holdings in shares of OSI Systems by 37.1% during the fourth quarter. KBC Group NV now owns 699 shares of the technology company’s stock worth $117,000 after buying an additional 189 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of OSI Systems by 36.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 768 shares of the technology company’s stock worth $129,000 after buying an additional 207 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in shares of OSI Systems by 80.1% during the fourth quarter. Global Retirement Partners LLC now owns 861 shares of the technology company’s stock worth $144,000 after buying an additional 383 shares during the last quarter. 89.21% of the stock is currently owned by institutional investors and hedge funds.

OSI Systems Stock Performance

Shares of NASDAQ:OSIS opened at $193.78 on Friday. The business’s fifty day moving average price is $192.85 and its two-hundred day moving average price is $169.01. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.88 and a quick ratio of 1.25. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 24.94, a price-to-earnings-growth ratio of 1.81 and a beta of 1.20. OSI Systems, Inc. has a fifty-two week low of $126.57 and a fifty-two week high of $220.00.

OSI Systems (NASDAQ:OSIS) last announced its earnings results on Thursday, January 23rd. The technology company reported $2.42 EPS for the quarter, topping the consensus estimate of $2.34 by $0.08. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. As a group, analysts predict that OSI Systems, Inc. will post 9.22 EPS for the current fiscal year.

Insider Transactions at OSI Systems

In other news, Director Gerald M. Chizever sold 2,701 shares of the 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 sale, the director now owns 5,000 shares in the company, valued at approximately $979,150. This represents a 35.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul Keith Morben sold 155 shares of the company’s 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 disclosure for this sale can be found here. Company insiders own 5.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. StockNews.com upgraded OSI Systems from a “sell” rating to a “hold” rating in a research note on Wednesday. B. Riley upped their target price on OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Wells Fargo & Company upped their target price on OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Roth Mkm upped their target price on OSI Systems from $178.00 to $224.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Finally, JPMorgan Chase & Co. initiated coverage on OSI Systems in a research report on Friday, February 21st. They issued a “neutral” rating and a $225.00 price target on the stock. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.