Arcadia Investment Management Corpmi buys $4,655,061 stake in PerkinElmer (PKI)

PerkinElmer (PKI) : Arcadia Investment Management Corpmi scooped up 240 additional shares in PerkinElmer during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 15, 2016. The investment management firm now holds a total of 84,285 shares of PerkinElmer which is valued at $4,655,061.PerkinElmer makes up approximately 1.47% of Arcadia Investment Management Corpmi’s portfolio.

Other Hedge Funds, Including , Nisa Investment Advisors boosted its stake in PKI in the latest quarter, The investment management firm added 8,780 additional shares and now holds a total of 101,780 shares of PerkinElmer which is valued at $5,621,309. PerkinElmer makes up approx 0.07% of Nisa Investment Advisors’s portfolio.Capstone Asset Management Co boosted its stake in PKI in the latest quarter, The investment management firm added 2,410 additional shares and now holds a total of 29,432 shares of PerkinElmer which is valued at $1,638,479. PerkinElmer makes up approx 0.05% of Capstone Asset Management Co’s portfolio.Cutler Group Lp reduced its stake in PKI by selling 97 shares or 50.26% in the most recent quarter. The Hedge Fund company now holds 96 shares of PKI which is valued at $5,344.Exxonmobil Investment Management Inc Tx boosted its stake in PKI in the latest quarter, The investment management firm added 1,491 additional shares and now holds a total of 28,222 shares of PerkinElmer which is valued at $1,522,577. PerkinElmer makes up approx 0.03% of Exxonmobil Investment Management Inc Tx’s portfolio.Toth Financial Advisory Corp boosted its stake in PKI in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 10,100 shares of PerkinElmer which is valued at $531,866. PerkinElmer makes up approx 0.16% of Toth Financial Advisory Corp’s portfolio.

PerkinElmer closed down -0.15 points or -0.27% at $55.23 with 4,42,336 shares getting traded on Monday. Post opening the session at $55.41, the shares hit an intraday low of $54.89 and an intraday high of $55.41 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, PerkinElmer reported $0.56 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.51. The company had revenue of $538.70 million for the quarter, compared to analysts expectations of $532.71 million. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.

Many Wall Street Analysts have commented on PerkinElmer. Company shares were Reiterated by Stifel on May 6, 2016 to “Buy”, Firm has raised the Price Target to $ 59 from a previous price target of $51 .Company shares were Reiterated by Mizuho on May 6, 2016 to “Buy”, Firm has raised the Price Target to $ 56 from a previous price target of $52 .

PerkinElmer Inc. is a provider of products services and solutions to the diagnostics research environmental industrial and laboratory services markets. The Company operates its business in two segments: Human Health and Environmental Health. The Company’s Human Health segment concentrates on developing diagnostics tools and applications to help detect diseases earlier and more accurately and to accelerate the discovery and development of new therapies. The Company’s Environmental Health segment provides products services and solutions to facilitate the creation of safer food and consumer products more secure surroundings and efficient energy resources. The Company markets its products and services in more than 150 countries.

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