Conestoga Capital Advisors LLC Boosted Its Stake in Omnicell INC (OMCL) as Valuation Declined

April 17, 2018 - By Kenneth Lin

Omnicell, Inc. (NASDAQ:OMCL) LogoInvestors sentiment increased to 1.12 in Q4 2017. Its up 0.10, from 1.02 in 2017Q3. It increased, as 14 investors sold OMCL shares while 72 reduced holdings. 27 funds opened positions while 69 raised stakes. 37.38 million shares or 0.77% more from 37.10 million shares in 2017Q3 were reported. Wellington Group Inc Llp holds 0.01% or 751,229 shares in its portfolio. Moreover, Geode Cap Mgmt Ltd Liability Corporation has 0.01% invested in Omnicell, Inc. (NASDAQ:OMCL). 147,550 were accumulated by Goldman Sachs Group. 9,027 are owned by Employees Retirement Association Of Colorado. Thompson Davis has invested 0.06% in Omnicell, Inc. (NASDAQ:OMCL). Waddell And Reed Fin stated it has 130,097 shares. Bessemer Gp Incorporated reported 159 shares or 0% of all its holdings. Texas Permanent School Fund has invested 0.02% in Omnicell, Inc. (NASDAQ:OMCL). Ubs Asset Management Americas Inc stated it has 0.01% in Omnicell, Inc. (NASDAQ:OMCL). Moreover, Tiaa Cref Inv Mgmt Ltd Liability has 0% invested in Omnicell, Inc. (NASDAQ:OMCL) for 138,245 shares. Strs Ohio accumulated 70,000 shares or 0.01% of the stock. Loomis Sayles Ltd Partnership accumulated 534 shares or 0% of the stock. Mesirow invested in 1.46% or 425,647 shares. Pinebridge Lp owns 13,581 shares. Magnetar Financial Ltd Co has 0.01% invested in Omnicell, Inc. (NASDAQ:OMCL).

Since December 15, 2017, it had 0 insider buys, and 4 sales for $520,345 activity. LIPPS RANDALL A also sold $361,938 worth of Omnicell, Inc. (NASDAQ:OMCL) on Tuesday, March 6. PETERSMEYER GARY S sold $25,544 worth of Omnicell, Inc. (NASDAQ:OMCL) on Thursday, March 15.

Conestoga Capital Advisors Llc increased its stake in Omnicell Inc (OMCL) by 10.79% based on its latest 2017Q4 regulatory filing with the SEC. Conestoga Capital Advisors Llc bought 174,607 shares as the company’s stock declined 14.33% with the market. The institutional investor held 1.79 million shares of the technology company at the end of 2017Q4, valued at $86.93M, up from 1.62 million at the end of the previous reported quarter. Conestoga Capital Advisors Llc who had been investing in Omnicell Inc for a number of months, seems to be bullish on the $1.72B market cap company. The stock decreased 1.67% or $0.75 during the last trading session, reaching $44.25. About 140,154 shares traded. Omnicell, Inc. (NASDAQ:OMCL) has risen 5.20% since April 17, 2017 and is uptrending. It has underperformed by 6.35% the S&P500.

Conestoga Capital Advisors Llc, which manages about $1.75B and $2.60 billion US Long portfolio, decreased its stake in Cantel Medical Corp (NYSE:CMN) by 64,086 shares to 672,968 shares, valued at $69.23M in 2017Q4, according to the filing. It also reduced its holding in Ishares Tr (IWO) by 25,720 shares in the quarter, leaving it with 5,080 shares, and cut its stake in Siteone Landscape Supply Inc.

Omnicell, Inc. (NASDAQ:OMCL) Ratings Coverage

Among 5 analysts covering Omnicell (NASDAQ:OMCL), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Omnicell had 11 analyst reports since October 19, 2017 according to SRatingsIntel. The firm has “Buy” rating by Cantor Fitzgerald given on Tuesday, December 5. Cantor Fitzgerald maintained Omnicell, Inc. (NASDAQ:OMCL) on Thursday, October 26 with “Buy” rating. The company was maintained on Friday, February 2 by PiperJaffray. The company was maintained on Thursday, October 19 by Oppenheimer. The company was downgraded on Friday, February 2 by Craig Hallum. Piper Jaffray maintained the shares of OMCL in report on Friday, October 27 with “Hold” rating. Oppenheimer maintained the shares of OMCL in report on Friday, October 27 with “Buy” rating. The firm has “Buy” rating given on Thursday, February 1 by Cantor Fitzgerald. The company was maintained on Monday, January 29 by Oppenheimer. Craig Hallum maintained it with “Buy” rating and $62.0 target in Monday, October 30 report.

Omnicell, Inc. (NASDAQ:OMCL) Institutional Positions Chart

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