Omnicell, Inc. (OMCL) Holdings Raised by BNP Paribas Arbitrage SA
BNP Paribas Arbitrage SA boosted its holdings in shares of Omnicell, Inc. (NASDAQ:OMCL) by 69.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,060 shares of the company’s stock after acquiring an additional 4,947 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Omnicell were worth $520,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of OMCL. Ameritas Investment Partners Inc. acquired a new stake in Omnicell during the first quarter worth $125,000. LS Investment Advisors LLC increased its stake in Omnicell by 136.3% during the first quarter. LS Investment Advisors LLC now owns 3,571 shares of the company’s stock worth $145,000 after acquiring an additional 2,060 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in Omnicell during the first quarter worth $170,000. Sei Investments Co. increased its stake in Omnicell by 36.4% during the second quarter. Sei Investments Co. now owns 4,652 shares of the company’s stock worth $200,000 after acquiring an additional 1,242 shares during the last quarter. Finally, Miles Capital Inc. acquired a new stake in Omnicell during the first quarter worth $231,000. 96.35% of the stock is owned by institutional investors.
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In other news, Chairman Randall A. Lipps sold 40,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $49.76, for a total transaction of $1,990,400.00. Following the completion of the sale, the chairman now directly owns 196,551 shares in the company, valued at approximately $9,780,377.76. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Randall A. Lipps sold 31,527 shares of the company’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of $42.87, for a total value of $1,351,562.49. Following the sale, the chairman now owns 196,551 shares of the company’s stock, valued at $8,426,141.37. The disclosure for this sale can be found here. Insiders sold a total of 202,309 shares of company stock valued at $9,787,437 over the last quarter. 3.77% of the stock is currently owned by insiders.
Omnicell, Inc. (NASDAQ:OMCL) opened at 50.10 on Thursday. The stock’s 50 day moving average price is $49.53 and its 200 day moving average price is $43.24. The stock’s market capitalization is $1.88 billion. Omnicell, Inc. has a 52-week low of $30.35 and a 52-week high of $52.70.
Omnicell (NASDAQ:OMCL) last issued its quarterly earnings results on Thursday, July 27th. The company reported $0.02 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.02. The company had revenue of $180.90 million during the quarter, compared to the consensus estimate of $174.08 million. Omnicell had a positive return on equity of 0.41% and a negative net margin of 1.14%. Omnicell’s revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.38 EPS. On average, analysts forecast that Omnicell, Inc. will post $1.30 EPS for the current year.
OMCL has been the subject of several recent analyst reports. Dougherty & Co raised their target price on Omnicell from $45.00 to $49.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. Craig Hallum raised their target price on Omnicell from $46.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. Cantor Fitzgerald reissued a “buy” rating and set a $47.00 target price on shares of Omnicell in a research note on Tuesday, July 25th. Benchmark Co. raised their target price on Omnicell from $55.00 to $67.00 and gave the stock a “buy” rating in a research note on Tuesday, September 5th. Finally, BidaskClub cut Omnicell from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Omnicell has a consensus rating of “Buy” and a consensus target price of $51.57.
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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