Omnicell, Inc. (OMCL) EVP Sells $698,647.53 in Stock
Omnicell, Inc. (NASDAQ:OMCL) EVP Dan S. Johnston sold 14,613 shares of the stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $47.81, for a total transaction of $698,647.53. Following the completion of the transaction, the executive vice president now directly owns 43,621 shares of the company’s stock, valued at $2,085,520.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of Omnicell, Inc. (OMCL) traded up $0.30 during midday trading on Friday, hitting $48.25. 294,052 shares of the company’s stock were exchanged, compared to its average volume of 255,265. Omnicell, Inc. has a fifty-two week low of $31.85 and a fifty-two week high of $55.40. The company has a quick ratio of 1.08, a current ratio of 1.53 and a debt-to-equity ratio of 0.38.
Omnicell (NASDAQ:OMCL) last announced its earnings results on Thursday, October 26th. The company reported $0.42 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.42. Omnicell had a negative net margin of 0.51% and a negative return on equity of 0.79%. The business had revenue of $186.78 million during the quarter, compared to the consensus estimate of $192.45 million. During the same quarter last year, the firm earned $0.40 earnings per share. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. sell-side analysts anticipate that Omnicell, Inc. will post 0.12 EPS for the current year.
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Hedge funds and other institutional investors have recently made changes to their positions in the business. Turner Investments LLC bought a new position in shares of Omnicell during the second quarter valued at approximately $181,000. Flinton Capital Management LLC grew its holdings in shares of Omnicell by 74.6% during the second quarter. Flinton Capital Management LLC now owns 4,216 shares of the company’s stock valued at $182,000 after buying an additional 1,802 shares during the last quarter. Riverhead Capital Management LLC grew its holdings in shares of Omnicell by 76.3% during the second quarter. Riverhead Capital Management LLC now owns 4,230 shares of the company’s stock valued at $182,000 after buying an additional 1,830 shares during the last quarter. Marco Investment Management LLC purchased a new stake in shares of Omnicell during the third quarter valued at approximately $231,000. Finally, Sei Investments Co. grew its holdings in shares of Omnicell by 36.4% during the second quarter. Sei Investments Co. now owns 4,652 shares of the company’s stock valued at $200,000 after buying an additional 1,242 shares during the last quarter. 98.64% of the stock is owned by institutional investors and hedge funds.
A number of research firms recently issued reports on OMCL. Benchmark Co. increased their price target on shares of Omnicell from $55.00 to $67.00 and gave the stock a “buy” rating in a research note on Tuesday, September 5th. BidaskClub downgraded shares of Omnicell from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Piper Jaffray Companies reissued a “hold” rating and issued a $40.00 price target on shares of Omnicell in a research note on Sunday, July 30th. Dougherty & Co increased their price target on shares of Omnicell from $45.00 to $49.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. Finally, Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $55.00 price target on shares of Omnicell in a research note on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. Omnicell presently has an average rating of “Buy” and a consensus price target of $54.86.
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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