Boston Partners Grows Position in OSI Systems, Inc. (NASDAQ:OSIS)

Boston Partners lifted its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 34.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 237,882 shares of the technology company’s stock after acquiring an additional 61,304 shares during the quarter. Boston Partners’ holdings in OSI Systems were worth $39,911,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. State Street Corp grew its holdings in shares of OSI Systems by 0.9% during the 3rd quarter. State Street Corp now owns 727,690 shares of the technology company’s stock worth $110,485,000 after purchasing an additional 6,514 shares during the period. Park Avenue Securities LLC grew its holdings in shares of OSI Systems by 36.0% during the 4th quarter. Park Avenue Securities LLC now owns 6,275 shares of the technology company’s stock worth $1,051,000 after purchasing an additional 1,660 shares during the period. HighTower Advisors LLC purchased a new position in shares of OSI Systems during the 3rd quarter worth $443,000. Citigroup Inc. boosted its holdings in OSI Systems by 64.9% during the 3rd quarter. Citigroup Inc. now owns 27,320 shares of the technology company’s stock valued at $4,148,000 after acquiring an additional 10,753 shares during the period. Finally, FMR LLC boosted its holdings in OSI Systems by 4,891.4% during the 3rd 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 during the period. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

OSIS has been the subject of a number of research analyst reports. Roth Mkm raised their target price on OSI Systems from $178.00 to $224.00 and gave the company a “buy” rating in a report on Friday, January 24th. StockNews.com upgraded OSI Systems from a “sell” rating to a “hold” rating in a report on Wednesday. B. Riley raised their target price on OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a report on Friday, January 24th. Wells Fargo & Company raised their target price on OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Finally, Oppenheimer raised their target price on OSI Systems from $205.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $212.00.

Insider Transactions at OSI Systems

In other news, Director Gerald M. Chizever sold 2,701 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $979,150. This trade represents a 35.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul Keith Morben sold 155 shares of the firm’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $199.36, for a total value of $30,900.80. Following the sale, 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. Corporate insiders own 5.20% of the company’s stock.

OSI Systems Stock Performance

Shares of OSIS opened at $202.83 on Thursday. The stock has a 50-day simple moving average of $191.25 and a 200-day simple moving average of $168.32. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 1.88. The stock has a market capitalization of $3.41 billion, a PE ratio of 26.10, a PEG 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.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings data on Thursday, January 23rd. The technology company reported $2.42 earnings per share (EPS) for the quarter, beating 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%. On average, analysts predict that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

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.