Teachers Retirement System of The State of Kentucky Acquires 7,500 Shares of Tempus AI, Inc. (NASDAQ:TEM)

Teachers Retirement System of The State of Kentucky raised its holdings in shares of Tempus AI, Inc. (NASDAQ:TEM) by 6.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 126,500 shares of the company’s stock after purchasing an additional 7,500 shares during the quarter. Teachers Retirement System of The State of Kentucky owned approximately 0.08% of Tempus AI worth $7,160,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TEM. Kovitz Investment Group Partners LLC acquired a new stake in shares of Tempus AI during the 3rd quarter worth about $1,367,000. Sumitomo Mitsui Trust Group Inc. lifted its position in Tempus AI by 1,591.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,217,699 shares of the company’s stock worth $68,922,000 after acquiring an additional 1,145,698 shares during the last quarter. Captrust Financial Advisors acquired a new stake in Tempus AI during the third quarter worth approximately $2,726,000. Sigma Planning Corp acquired a new position in shares of Tempus AI in the third quarter valued at approximately $1,323,000. Finally, Dakota Wealth Management bought a new position in shares of Tempus AI during the third quarter worth approximately $1,185,000. 24.22% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TEM has been the subject of several recent research reports. Loop Capital boosted their price target on Tempus AI from $48.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Bank of America cut shares of Tempus AI from a “buy” rating to a “neutral” rating and boosted their target price for the company from $45.00 to $60.00 in a research report on Wednesday, October 2nd. Piper Sandler reaffirmed a “neutral” rating and set a $70.00 price target (up from $40.00) on shares of Tempus AI in a research report on Tuesday, November 12th. Stifel Nicolaus downgraded shares of Tempus AI from a “buy” rating to a “hold” rating and boosted their price objective for the company from $45.00 to $65.00 in a report on Monday, November 11th. Finally, Guggenheim started coverage on shares of Tempus AI in a research report on Monday. They set a “buy” rating and a $74.00 target price on the stock. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $56.20.

Insider Activity

In related news, major shareholder Bradley A. Keywell sold 395,800 shares of Tempus AI stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $42.95, for a total transaction of $16,999,610.00. Following the sale, the insider now directly owns 16,164,449 shares of the company’s stock, valued at approximately $694,263,084.55. The trade was a 2.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Tempus AI Price Performance

Shares of NASDAQ:TEM opened at $41.99 on Friday. Tempus AI, Inc. has a 1 year low of $22.89 and a 1 year high of $79.49. The company has a current ratio of 2.69, a quick ratio of 2.55 and a debt-to-equity ratio of 8.17. The company has a 50 day moving average price of $52.88.

Tempus AI Profile

Tempus AI Inc is a technology company advancing precision medicine through the practical application of artificial intelligence principally in healthcare. The company provides AI-enabled precision medicine solutions to physicians to deliver personalized patient care and in parallel facilitates discovery, development and delivery of optimal therapeutics.