Craig Hallum Downgrades Omnicell (OMCL) to Hold

Omnicell (NASDAQ:OMCL) was downgraded by research analysts at Craig Hallum from a “buy” rating to a “hold” rating in a report issued on Friday, The Fly reports.

OMCL has been the subject of several other reports. Cantor Fitzgerald upped their price objective on Omnicell to $58.00 and gave the stock an “overweight” rating in a research report on Friday, October 27th. Zacks Investment Research downgraded Omnicell from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 1st. BidaskClub downgraded Omnicell from a “sell” rating to a “strong sell” rating in a research report on Friday, January 19th. Finally, Oppenheimer restated a “buy” rating and set a $55.00 price objective on shares of Omnicell in a research report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $56.14.

Shares of Omnicell (NASDAQ OMCL) traded down $2.90 during mid-day trading on Friday, hitting $46.00. The company had a trading volume of 1,532,901 shares, compared to its average volume of 210,467. The company has a current ratio of 1.53, a quick ratio of 1.08 and a debt-to-equity ratio of 0.38. Omnicell has a twelve month low of $35.00 and a twelve month high of $55.40. The company has a market cap of $1,740.00, a P/E ratio of -418.18, a P/E/G ratio of 3.89 and a beta of 0.65.

Omnicell (NASDAQ:OMCL) last announced its quarterly earnings data on Thursday, February 1st. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.02. Omnicell had a negative return on equity of 0.79% and a negative net margin of 0.51%. The business had revenue of $198.26 million during the quarter, compared to the consensus estimate of $205.50 million. During the same period in the prior year, the company earned $0.37 EPS. Omnicell’s revenue for the quarter was up 13.6% on a year-over-year basis. analysts anticipate that Omnicell will post 0.12 EPS for the current year.

In other Omnicell news, CFO Peter J. Kuipers sold 1,926 shares of the stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $51.69, for a total value of $99,554.94. Following the completion of the transaction, the chief financial officer now directly owns 40,544 shares in the company, valued at $2,095,719.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Peter J. Kuipers sold 4,724 shares of the stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $47.74, for a total value of $225,523.76. Following the completion of the transaction, the vice president now owns 40,544 shares of the company’s stock, valued at $1,935,570.56. The disclosure for this sale can be found here. Insiders sold 27,558 shares of company stock valued at $1,330,230 over the last quarter. Corporate insiders own 3.77% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Comerica Bank raised its position in Omnicell by 27.1% in the fourth quarter. Comerica Bank now owns 97,386 shares of the company’s stock valued at $4,972,000 after purchasing an additional 20,754 shares during the last quarter. Mesirow Financial Investment Management Equity Management raised its position in Omnicell by 10.0% in the fourth quarter. Mesirow Financial Investment Management Equity Management now owns 425,647 shares of the company’s stock valued at $20,645,000 after purchasing an additional 38,605 shares during the last quarter. Braun Stacey Associates Inc. bought a new position in Omnicell in the fourth quarter valued at about $9,391,000. Fisher Asset Management LLC increased its stake in shares of Omnicell by 0.3% in the fourth quarter. Fisher Asset Management LLC now owns 530,569 shares of the company’s stock valued at $25,733,000 after buying an additional 1,650 shares during the period. Finally, Strs Ohio increased its stake in shares of Omnicell by 7.7% in the fourth quarter. Strs Ohio now owns 70,000 shares of the company’s stock valued at $3,395,000 after buying an additional 5,000 shares during the period.

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About Omnicell

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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