California State Teachers Retirement System Decreases Holdings in Omnicell, Inc. (NASDAQ:OMCL)

California State Teachers Retirement System cut its holdings in shares of Omnicell, Inc. (NASDAQ:OMCL) by 9.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 58,822 shares of the company’s stock after selling 6,298 shares during the quarter. California State Teachers Retirement System owned about 0.16% of Omnicell worth $3,003,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Riverhead Capital Management LLC boosted its stake in shares of Omnicell by 76.3% in the 2nd 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 period. Flinton Capital Management LLC raised its position in shares of Omnicell by 74.6% during the 2nd quarter. Flinton Capital Management LLC now owns 4,216 shares of the company’s stock worth $182,000 after acquiring an additional 1,802 shares in the last quarter. Pinebridge Investments L.P. raised its position in shares of Omnicell by 1.6% during the 2nd quarter. Pinebridge Investments L.P. now owns 4,896 shares of the company’s stock worth $211,000 after acquiring an additional 76 shares in the last quarter. Amalgamated Bank acquired a new stake in shares of Omnicell during the 2nd quarter worth about $219,000. Finally, Stevens Capital Management LP acquired a new stake in shares of Omnicell during the 3rd quarter worth about $305,000. Institutional investors and hedge funds own 99.61% of the company’s stock.

Omnicell, Inc. (NASDAQ:OMCL) opened at $50.55 on Friday. The company has a market capitalization of $1,930.76, a price-to-earnings ratio of -459.55, a P/E/G ratio of 4.04 and a beta of 0.71. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.53 and a quick ratio of 1.08. Omnicell, Inc. has a 12 month low of $32.70 and a 12 month high of $55.40.

Omnicell (NASDAQ:OMCL) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.42 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.42. Omnicell had a negative return on equity of 0.79% and a negative net margin of 0.51%. The company had revenue of $186.78 million during the quarter, compared to analyst estimates of $192.45 million. During the same period in the prior year, the firm posted $0.40 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis. equities analysts predict that Omnicell, Inc. will post 0.12 EPS for the current fiscal year.

Several research analysts have commented on OMCL shares. Cantor Fitzgerald lifted their price target 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 note on Wednesday, November 1st. Oppenheimer reiterated a “buy” rating and issued a $55.00 target price on shares of Omnicell in a research note on Thursday, October 19th. BidaskClub downgraded Omnicell from a “hold” rating to a “sell” rating in a research note on Friday, December 22nd. Finally, Craig Hallum restated a “buy” rating and issued a $62.00 price target (up from $52.00) on shares of Omnicell in a research note on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. Omnicell presently has an average rating of “Hold” and an average price target of $55.14.

In other news, CFO Peter J. Kuipers sold 1,926 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $51.69, for a total transaction of $99,554.94. Following the sale, the chief financial officer now directly owns 40,544 shares in the company, valued at approximately $2,095,719.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jorge R. Taborga sold 6,295 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $48.69, for a total value of $306,503.55. Following the completion of the sale, the vice president now owns 50,013 shares in the company, valued at $2,435,132.97. The disclosure for this sale can be found here. Insiders sold 27,558 shares of company stock valued at $1,330,230 in the last ninety days. Company insiders own 3.77% of the company’s stock.

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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.

Institutional Ownership by Quarter for Omnicell (NASDAQ:OMCL)

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