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

April 17, 2018 - By Darrin Black

Omnicell, Inc. (NASDAQ:OMCL) LogoInvestors sentiment increased to 1.12 in Q4 2017. Its up 0.10, from 1.02 in 2017Q3. It improved, 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. West Coast Fincl has 113,533 shares. The Washington-based Parametric Port has invested 0.01% in Omnicell, Inc. (NASDAQ:OMCL). Moreover, Parkside Retail Bank And Trust has 0% invested in Omnicell, Inc. (NASDAQ:OMCL). Dimensional Fund Limited Partnership reported 1.52 million shares. Ls Invest Advsr Ltd Co accumulated 3,380 shares. Deutsche Bancorp Ag owns 82,739 shares. Teacher Retirement Systems Of Texas, Texas-based fund reported 12,877 shares. Ameriprise reported 0.01% of its portfolio in Omnicell, Inc. (NASDAQ:OMCL). Kennedy Cap Inc reported 0.4% in Omnicell, Inc. (NASDAQ:OMCL). Pub Sector Pension Board stated it has 0.01% of its portfolio in Omnicell, Inc. (NASDAQ:OMCL). Advisory Rech holds 0.03% of its portfolio in Omnicell, Inc. (NASDAQ:OMCL) for 34,485 shares. Wells Fargo Mn invested in 0% or 259,293 shares. 425,647 were reported by Mesirow Investment. Moreover, Rhumbline Advisers has 0.01% invested in Omnicell, Inc. (NASDAQ:OMCL) for 88,153 shares. State Of Tennessee Treasury Department has 0.01% invested in Omnicell, Inc. (NASDAQ:OMCL).

Since December 15, 2017, it had 0 insider purchases, and 4 sales for $520,345 activity. 575 shares valued at $25,544 were sold by PETERSMEYER GARY S on Thursday, March 15. $361,938 worth of stock was sold by LIPPS RANDALL A on Tuesday, March 6.

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 1.79M shares of the technology company at the end of 2017Q4, valued at $86.93M, up from 1.62M 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 $1.72 billion 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 $1.75 billion and $2.60 billion US Long portfolio, decreased its stake in Mgp Ingredients Inc New (NASDAQ:MGPI) by 78,110 shares to 818,279 shares, valued at $62.91 million in 2017Q4, according to the filing. It also reduced its holding in Cantel Medical Corp (NYSE:CMN) by 64,086 shares in the quarter, leaving it with 672,968 shares, and cut its stake in National Resh Corp (NASDAQ:NRCIB).

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. Craig Hallum maintained it with “Buy” rating and $62.0 target in Monday, October 30 report. The stock of Omnicell, Inc. (NASDAQ:OMCL) earned “Hold” rating by Craig Hallum on Friday, February 2. The rating was maintained by Piper Jaffray on Friday, October 27 with “Hold”. The firm has “Buy” rating given on Thursday, October 19 by Oppenheimer. Oppenheimer maintained the shares of OMCL in report on Friday, October 27 with “Buy” rating. The rating was maintained by Cantor Fitzgerald with “Buy” on Thursday, October 26. The firm has “Buy” rating by Oppenheimer given on Monday, January 29. The stock of Omnicell, Inc. (NASDAQ:OMCL) earned “Buy” rating by Cantor Fitzgerald on Tuesday, December 5. The stock of Omnicell, Inc. (NASDAQ:OMCL) has “Buy” rating given on Thursday, February 1 by Cantor Fitzgerald. The rating was maintained by PiperJaffray with “Neutral” on Friday, February 2.

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

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