QUANTRES ASSET MANAGEMENT Ltd acquired a new stake in shares of Cerner Co. (NASDAQ:CERN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,800 shares of the company’s stock, valued at approximately $526,000.
Other hedge funds also recently modified their holdings of the company. Laurel Wealth Advisors Inc. grew its stake in Cerner by 0.6% in the second quarter. Laurel Wealth Advisors Inc. now owns 3,909 shares of the company’s stock worth $259,000 after purchasing an additional 24 shares in the last quarter. Advisory Services Network LLC grew its stake in Cerner by 4.4% in the second quarter. Advisory Services Network LLC now owns 1,648 shares of the company’s stock worth $110,000 after purchasing an additional 70 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Cerner by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,842 shares of the company’s stock worth $1,452,000 after buying an additional 74 shares during the period. EagleClaw Capital Managment LLC lifted its holdings in Cerner by 0.4% during the second quarter. EagleClaw Capital Managment LLC now owns 26,050 shares of the company’s stock worth $1,734,000 after buying an additional 100 shares during the period. Finally, Gyroscope Capital Management Group LLC lifted its holdings in Cerner by 6.5% during the second quarter. Gyroscope Capital Management Group LLC now owns 4,025 shares of the company’s stock worth $268,000 after buying an additional 246 shares during the period. Institutional investors and hedge funds own 81.82% of the company’s stock.
A number of analysts have weighed in on CERN shares. JPMorgan Chase & Co. lowered Cerner from an “overweight” rating to a “neutral” rating in a report on Friday, October 27th. Stifel Nicolaus reiterated a “hold” rating on shares of Cerner in a report on Wednesday, November 22nd. Piper Jaffray Companies reiterated a “buy” rating and set a $77.00 price objective on shares of Cerner in a report on Thursday, October 12th. Zacks Investment Research upgraded Cerner from a “sell” rating to a “hold” rating in a research note on Tuesday, December 26th. Finally, Royal Bank of Canada restated a “buy” rating on shares of Cerner in a research note on Wednesday, October 25th. Fourteen analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $69.83.
Shares of Cerner Co. (NASDAQ CERN) opened at $72.90 on Friday. The company has a quick ratio of 2.75, a current ratio of 2.77 and a debt-to-equity ratio of 0.11. Cerner Co. has a twelve month low of $50.33 and a twelve month high of $73.86. The stock has a market capitalization of $24,230.00, a PE ratio of 36.27, a P/E/G ratio of 2.18 and a beta of 0.94.
Cerner (NASDAQ:CERN) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.01). Cerner had a return on equity of 18.03% and a net margin of 13.37%. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the firm posted $0.59 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. equities research analysts anticipate that Cerner Co. will post 2.24 earnings per share for the current year.
In other Cerner news, CFO Marc G. Naughton sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $70.64, for a total value of $4,238,400.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Michael R. Battaglioli sold 4,000 shares of Cerner stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $69.89, for a total transaction of $279,560.00. Following the sale, the vice president now directly owns 4,000 shares in the company, valued at approximately $279,560. The disclosure for this sale can be found here. Insiders sold a total of 788,000 shares of company stock worth $52,190,800 over the last three months. Corporate insiders own 13.11% of the company’s stock.
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Cerner Corporation (Cerner) is a supplier of healthcare information technology (HCIT). The Company offers a range of intelligent solutions and services that support the clinical, financial and operational needs of organizations of all sizes. The Company’s segments include Domestic and Global. The Domestic segment includes revenue contributions and expenditures associated with business activity in the United States.
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