Omnicell, Inc. (OMCL) Given Consensus Rating of “Buy” by Brokerages
Shares of Omnicell, Inc. (NASDAQ:OMCL) have been given an average rating of “Buy” by the twelve analysts that are presently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $49.00.
A number of equities research analysts have commented on the stock. BidaskClub downgraded shares of Omnicell from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Piper Jaffray Companies reissued a “hold” rating and issued a $40.00 price objective on shares of Omnicell in a research report on Sunday, July 30th. Cantor Fitzgerald reissued a “buy” rating and issued a $47.00 price objective on shares of Omnicell in a research report on Tuesday, July 25th. Craig Hallum increased their price objective on shares of Omnicell from $46.00 to $52.00 and gave the company a “buy” rating in a research report on Friday, July 28th. Finally, Dougherty & Co increased their price objective on shares of Omnicell from $45.00 to $49.00 and gave the company a “buy” rating in a research report on Friday, July 28th.
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In related news, Chairman Randall A. Lipps sold 40,000 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $49.76, for a total value of $1,990,400.00. Following the transaction, the chairman now directly owns 196,551 shares of the company’s stock, valued at approximately $9,780,377.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Randall A. Lipps sold 37,500 shares of the stock in a transaction on Friday, July 28th. The shares were sold at an average price of $46.00, for a total transaction of $1,725,000.00. Following the completion of the transaction, the chairman now directly owns 196,551 shares in the company, valued at $9,041,346. The disclosure for this sale can be found here. Insiders sold a total of 149,675 shares of company stock worth $6,754,894 over the last ninety days. Insiders own 3.77% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its position in Omnicell by 139,475.2% in the first quarter. BlackRock Inc. now owns 4,487,343 shares of the company’s stock worth $182,412,000 after buying an additional 4,484,128 shares during the period. Vanguard Group Inc. boosted its stake in shares of Omnicell by 5.5% in the first quarter. Vanguard Group Inc. now owns 1,860,299 shares of the company’s stock worth $75,622,000 after buying an additional 97,345 shares in the last quarter. Champlain Investment Partners LLC boosted its stake in shares of Omnicell by 6.2% in the first quarter. Champlain Investment Partners LLC now owns 1,698,140 shares of the company’s stock worth $69,029,000 after buying an additional 99,075 shares in the last quarter. Conestoga Capital Advisors LLC boosted its stake in shares of Omnicell by 6.1% in the second quarter. Conestoga Capital Advisors LLC now owns 1,606,601 shares of the company’s stock worth $69,245,000 after buying an additional 92,735 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Omnicell by 11.0% in the first quarter. Bank of New York Mellon Corp now owns 1,190,691 shares of the company’s stock worth $48,401,000 after buying an additional 118,201 shares in the last quarter. 96.35% of the stock is currently owned by hedge funds and other institutional investors.
Omnicell (OMCL) traded down 0.49% during midday trading on Tuesday, hitting $51.20. 116,586 shares of the stock traded hands. The stock’s market cap is $1.91 billion. The company has a 50-day moving average price of $43.70 and a 200 day moving average price of $40.34. Omnicell has a one year low of $30.35 and a one year high of $51.97.
Omnicell (NASDAQ:OMCL) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.02 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.02. Omnicell had a negative net margin of 1.14% and a positive return on equity of 0.41%. The company had revenue of $180.90 million for the quarter, compared to the consensus estimate of $174.08 million. During the same period in the prior year, the firm posted $0.38 EPS. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. Equities research analysts anticipate that Omnicell will post $1.31 earnings per share for the current year.
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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