Pier Capital LLC trimmed its stake in shares of Omnicell, Inc. (NASDAQ:OMCL – Free Report) by 34.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 115,714 shares of the company’s stock after selling 61,211 shares during the period. Pier Capital LLC owned about 0.26% of Omnicell worth $3,523,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. purchased a new position in Omnicell in the 2nd quarter valued at approximately $26,000. First Horizon Corp acquired a new position in Omnicell during the third quarter worth $31,000. Farther Finance Advisors LLC boosted its position in Omnicell by 784.8% during the third quarter. Farther Finance Advisors LLC now owns 1,168 shares of the company’s stock worth $36,000 after purchasing an additional 1,036 shares in the last quarter. LSV Asset Management purchased a new stake in Omnicell during the third quarter worth $97,000. Finally, Tower Research Capital LLC TRC grew its holdings in Omnicell by 385.5% in the second quarter. Tower Research Capital LLC TRC now owns 4,952 shares of the company’s stock valued at $146,000 after purchasing an additional 3,932 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.
Omnicell Stock Performance
Omnicell stock opened at $35.10 on Friday. Omnicell, Inc. has a fifty-two week low of $22.66 and a fifty-two week high of $55.00. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 877.72, a PEG ratio of 1.34 and a beta of 0.79. The stock has a fifty day moving average of $43.98 and a two-hundred day moving average of $38.42. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.22 and a current ratio of 1.43.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on OMCL. Wells Fargo & Company raised their price target on Omnicell from $43.00 to $52.00 and gave the company an “overweight” rating in a research report on Monday, January 5th. Bank of America upgraded shares of Omnicell from a “neutral” rating to a “buy” rating and set a $70.00 price objective on the stock in a research report on Wednesday, February 4th. Wall Street Zen cut shares of Omnicell from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Zacks Research upgraded shares of Omnicell from a “strong sell” rating to a “hold” rating in a report on Tuesday. Finally, Piper Sandler restated an “overweight” rating and set a $49.00 target price (down from $63.00) on shares of Omnicell in a research report on Friday, February 6th. Five research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $54.50.
Check Out Our Latest Stock Analysis on Omnicell
Insider Transactions at Omnicell
In other Omnicell news, EVP Corey J. Manley sold 6,106 shares of the firm’s stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $49.90, for a total transaction of $304,689.40. Following the sale, the executive vice president directly owned 91,674 shares of the company’s stock, valued at $4,574,532.60. This trade represents a 6.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.52% of the company’s stock.
Omnicell Profile
Omnicell, Inc is a healthcare technology company that specializes in medication management solutions for hospitals, clinics and pharmacies. The company’s offerings encompass automated dispensing cabinets, pharmacy automation systems, IV compounding devices, and software platforms designed to optimize medication usage, streamline workflow and improve patient safety. Omnicell’s analytics and inventory management tools provide real-time visibility into medication utilization, helping healthcare providers reduce waste, manage controlled substances and ensure regulatory compliance.
Founded in Mountain View, California in 1992, Omnicell has grown through both internal innovation and strategic acquisitions to broaden its portfolio across the medication management continuum.
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