LS Investment Advisors LLC lifted its stake in shares of Cerner Co. (NASDAQ:CERN) by 7.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,296 shares of the company’s stock after purchasing an additional 926 shares during the quarter. LS Investment Advisors LLC’s holdings in Cerner were worth $896,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Advisory Services Network LLC boosted its position in shares of Cerner by 4.4% during the 2nd 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. Fuller & Thaler Asset Management Inc. bought a new position in shares of Cerner during the 3rd quarter worth about $121,000. Steward Partners Investment Advisory LLC bought a new position in shares of Cerner during the 3rd quarter worth about $128,000. Cerebellum GP LLC bought a new position in Cerner in the 4th quarter valued at about $127,000. Finally, Fort Pitt Capital Group LLC bought a new position in Cerner in the 3rd quarter valued at about $205,000. 81.58% of the stock is currently owned by institutional investors.
Shares of Cerner Co. (NASDAQ CERN) opened at $62.49 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.01 and a quick ratio of 2.99. The company has a market cap of $20,784.01, a PE ratio of 28.15, a price-to-earnings-growth ratio of 1.87 and a beta of 0.90. Cerner Co. has a one year low of $52.62 and a one year high of $73.86.
Cerner (NASDAQ:CERN) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $0.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.03). The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Cerner had a net margin of 16.86% and a return on equity of 16.82%. The company’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the business posted $0.61 EPS. equities research analysts forecast that Cerner Co. will post 2.42 earnings per share for the current year.
In other news, Director William D. Zollars sold 4,100 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $62.16, for a total transaction of $254,856.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Clifford W. Illig sold 530,000 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $65.54, for a total transaction of $34,736,200.00. Following the sale, the chairman now owns 1,229,719 shares of the company’s stock, valued at approximately $80,595,783.26. The disclosure for this sale can be found here. In the last quarter, insiders sold 788,100 shares of company stock valued at $52,181,816. Company insiders own 13.11% of the company’s stock.
Several equities analysts recently weighed in on the stock. BidaskClub cut shares of Cerner from a “sell” rating to a “strong sell” rating in a research report on Wednesday. Zacks Investment Research cut shares of Cerner from a “buy” rating to a “hold” rating in a research report on Thursday, February 8th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $76.00 price target on shares of Cerner in a research report on Wednesday, February 7th. Cantor Fitzgerald dropped their price target on shares of Cerner from $83.00 to $80.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 7th. Finally, Robert W. Baird dropped their price target on shares of Cerner from $80.00 to $75.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $67.05.
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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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