Professional Advisory Services Inc buys $18,013,990 stake in Stryker Corporation (SYK)

Stryker Corporation (SYK) : Professional Advisory Services Inc scooped up 24,045 additional shares in Stryker Corporation 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 148,117 shares of Stryker Corporation which is valued at $18,013,990.Stryker Corporation makes up approximately 4.01% of Professional Advisory Services Inc’s portfolio.

Other Hedge Funds, Including , Sumitomo Life Insurance Co reduced its stake in SYK by selling 431 shares or 3.4% in the most recent quarter. The Hedge Fund company now holds 12,230 shares of SYK which is valued at $1,487,413. Stryker Corporation makes up approx 0.20% of Sumitomo Life Insurance Co’s portfolio.Cohen Lawrence B boosted its stake in SYK in the latest quarter, The investment management firm added 320 additional shares and now holds a total of 59,768 shares of Stryker Corporation which is valued at $7,309,029. Stryker Corporation makes up approx 4.29% of Cohen Lawrence B’s portfolio. Iowa State Bank added SYK to its portfolio by purchasing 40 company shares during the most recent quarter which is valued at $4,892.First Financial Bank N.a. – Trust Division boosted its stake in SYK in the latest quarter, The investment management firm added 1,031 additional shares and now holds a total of 41,904 shares of Stryker Corporation which is valued at $5,079,184. Stryker Corporation makes up approx 0.98% of First Financial Bank N.a. – Trust Division’s portfolio.

Stryker Corporation closed down -0.46 points or -0.38% at $121.62 with 17,27,429 shares getting traded on Monday. Post opening the session at $122.26, the shares hit an intraday low of $120.95 and an intraday high of $123 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Stryker Corporation reported $1.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $1.20. The company had revenue of $2495.00 million for the quarter, compared to analysts expectations of $2471.86 million. The company’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.11 EPS.

Many Wall Street Analysts have commented on Stryker Corporation. Stryker Corporation was Initiated by Guggenheim to “Buy” on Jun 9, 2016. Stryker Corporation was Upgraded by Sterne Agee CRT to ” Buy” on Apr 27, 2016. Company shares were Reiterated by RBC Capital Mkts on Apr 26, 2016 to “Outperform”, Firm has raised the Price Target to $ 120 from a previous price target of $108 .

Stryker Corporation is a medical technology company. The Company offers a range of products and services in Orthopaedics Medical and Surgical and Neurotechnology and Spine which help improve patient and hospital outcomes.

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