Omnicell, Inc. (NASDAQ:OMCL) Receives Consensus Rating of “Buy” from Analysts
Omnicell, Inc. (NASDAQ:OMCL) has been given an average rating of “Buy” by the twelve research firms that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $49.00.
A number of equities analysts have recently commented on the stock. BidaskClub lowered shares of Omnicell from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Piper Jaffray Companies reaffirmed a “hold” rating and set a $40.00 target price on shares of Omnicell in a research report on Sunday, July 30th. Craig Hallum raised their target price on shares of Omnicell from $46.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. Dougherty & Co raised their target price on shares of Omnicell from $45.00 to $49.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $47.00 target price on shares of Omnicell in a research report on Tuesday, July 25th.
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In related news, EVP Dan S. Johnston sold 16,400 shares of Omnicell stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $40.67, for a total transaction of $666,988.00. Following the transaction, the executive vice president now directly owns 61,696 shares of the company’s stock, valued at $2,509,176.32. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Randall A. Lipps sold 9,900 shares of Omnicell stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $43.00, for a total transaction of $425,700.00. Following the transaction, the chairman now directly owns 208,982 shares in the company, valued at $8,986,226. The disclosure for this sale can be found here. Over the last three months, insiders have sold 149,675 shares of company stock worth $6,754,894. 3.77% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the stock. Diversified Trust Co acquired a new position in shares of Omnicell during the first quarter valued at about $228,000. State of Alaska Department of Revenue raised its position in shares of Omnicell by 3.0% in the first quarter. State of Alaska Department of Revenue now owns 4,080 shares of the company’s stock valued at $165,000 after buying an additional 120 shares during the last quarter. Conestoga Capital Advisors LLC raised its position in shares of Omnicell by 12.9% in the first quarter. Conestoga Capital Advisors LLC now owns 1,513,866 shares of the company’s stock valued at $61,539,000 after buying an additional 172,642 shares during the last quarter. SFE Investment Counsel acquired a new position in shares of Omnicell during the first quarter valued at about $332,000. Finally, Legato Capital Management LLC raised its position in shares of Omnicell by 3,965.0% in the first quarter. Legato Capital Management LLC now owns 42,154 shares of the company’s stock valued at $1,037,000 after buying an additional 41,117 shares during the last quarter. 96.35% of the stock is currently owned by institutional investors.
Shares of Omnicell (NASDAQ OMCL) traded down 0.49% on Tuesday, reaching $51.20. The company had a trading volume of 116,586 shares. The stock’s 50 day moving average is $43.70 and its 200 day moving average is $40.34. The firm’s market capitalization is $1.91 billion. Omnicell has a 52 week low of $30.35 and a 52 week high of $51.97.
Omnicell (NASDAQ:OMCL) last issued its earnings results on Thursday, July 27th. The company reported $0.02 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.02. The business had revenue of $180.90 million for the quarter, compared to analyst estimates of $174.08 million. Omnicell had a negative net margin of 1.14% and a positive return on equity of 0.41%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the company posted $0.38 earnings per share. On average, equities analysts anticipate that Omnicell will post $1.31 EPS for the current year.
Omnicell Company Profile
Omnicell, Inc provides automation and business analytics software solutions for patient-centric medication and supply management across the entire healthcare continuum, from the acute care hospital setting to post-acute skilled nursing and long-term care facilities to the home. It operates through two segments: Automation and Analytics, and Medication Adherence.
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