Toronto Dominion Bank lifted its holdings in shares of Cerner Co. (NASDAQ:CERN) by 13.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 136,867 shares of the company’s stock after acquiring an additional 16,262 shares during the quarter. Toronto Dominion Bank’s holdings in Cerner were worth $9,223,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of CERN. Advisory Services Network LLC increased its position in shares of Cerner by 4.4% during the second quarter. Advisory Services Network LLC now owns 1,648 shares of the company’s stock valued at $110,000 after acquiring an additional 70 shares during the last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Cerner during the third quarter valued at approximately $121,000. Cerebellum GP LLC purchased a new stake in shares of Cerner during the fourth quarter valued at approximately $127,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Cerner during the third quarter valued at approximately $128,000. Finally, Fort Pitt Capital Group LLC purchased a new stake in shares of Cerner during the third quarter valued at approximately $205,000. 81.58% of the stock is owned by institutional investors.
In other news, VP Jeffrey A. Townsend sold 230,000 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $61.94, for a total value of $14,246,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William D. Zollars sold 4,100 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $62.16, for a total value of $254,856.00. The disclosure for this sale can be found here. Insiders sold 878,100 shares of company stock valued at $57,255,216 over the last ninety days. Corporate insiders own 13.11% of the company’s stock.
Cerner Co. (NASDAQ CERN) opened at $64.22 on Friday. Cerner Co. has a twelve month low of $54.01 and a twelve month high of $73.86. 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 capitalization of $21,359.38, a price-to-earnings ratio of 24.99, a PEG ratio of 1.92 and a beta of 0.90.
Cerner (NASDAQ:CERN) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $0.58 EPS for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.03). Cerner had a return on equity of 16.82% and a net margin of 16.86%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the business earned $0.61 earnings per share. Cerner’s revenue was up 4.5% on a year-over-year basis. research analysts anticipate that Cerner Co. will post 2.42 EPS for the current fiscal year.
A number of analysts recently commented on the company. SunTrust Banks decreased their price target on Cerner from $68.00 to $2.82 and set a “hold” rating for the company in a research report on Wednesday, February 7th. Evercore ISI initiated coverage on Cerner in a research report on Thursday, January 18th. They issued an “in-line” rating and a $77.00 target price for the company. Cantor Fitzgerald decreased their target price on Cerner from $83.00 to $80.00 and set an “overweight” rating for the company in a research report on Wednesday, February 7th. Canaccord Genuity reissued a “buy” rating on shares of Cerner in a research report on Wednesday, February 7th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $76.00 target price on shares of Cerner in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $67.05.
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Cerner Company Profile
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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