Arizona State Retirement System lifted its holdings in Cerner Co. (NASDAQ:CERN) by 33.8% in the fourth quarter, HoldingsChannel reports. The firm owned 148,538 shares of the company’s stock after buying an additional 37,511 shares during the period. Arizona State Retirement System’s holdings in Cerner were worth $10,010,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of CERN. APG Asset Management N.V. boosted its position in shares of Cerner by 153.1% in the 4th quarter. APG Asset Management N.V. now owns 1,121,956 shares of the company’s stock worth $62,965,000 after purchasing an additional 678,700 shares in the last quarter. Sawgrass Asset Management LLC acquired a new stake in shares of Cerner in the 3rd quarter worth $39,946,000. State of Wisconsin Investment Board boosted its position in shares of Cerner by 68.2% in the 4th quarter. State of Wisconsin Investment Board now owns 716,239 shares of the company’s stock worth $48,267,000 after purchasing an additional 290,527 shares in the last quarter. Commonwealth Bank of Australia boosted its position in shares of Cerner by 1,362.5% in the 3rd quarter. Commonwealth Bank of Australia now owns 261,011 shares of the company’s stock worth $18,389,000 after purchasing an additional 243,164 shares in the last quarter. Finally, Nuance Investments LLC boosted its position in shares of Cerner by 443.4% in the 4th quarter. Nuance Investments LLC now owns 283,949 shares of the company’s stock worth $19,135,000 after purchasing an additional 231,698 shares in the last quarter. 81.58% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have commented on the company. SunTrust Banks cut Cerner from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. They noted that the move was a valuation call. Zacks Investment Research cut Cerner from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Cerner in a research report on Wednesday, October 25th. JPMorgan Chase & Co. cut Cerner from an “overweight” rating to a “neutral” rating in a research report on Friday, October 27th. Finally, Leerink Swann reaffirmed a “hold” rating on shares of Cerner in a research report on Saturday, November 25th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $67.05.
Cerner Co. (NASDAQ CERN) opened at $64.22 on Monday. The stock has a market capitalization of $21,350.00, a PE ratio of 24.99, a PEG ratio of 1.92 and a beta of 0.90. The company has a quick ratio of 2.99, a current ratio of 3.01 and a debt-to-equity ratio of 0.11. Cerner Co. has a fifty-two week low of $54.01 and a fifty-two week high of $73.86.
Cerner (NASDAQ:CERN) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.03). The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.33 billion. Cerner had a net margin of 16.86% and a return on equity of 16.82%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the firm earned $0.61 EPS. sell-side analysts expect that Cerner Co. will post 2.42 earnings per share for the current year.
In other news, CFO Marc G. Naughton sold 60,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $70.64, for a total value of $4,238,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jeffrey A. Townsend sold 230,000 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $61.94, for a total value of $14,246,200.00. The disclosure for this sale can be found here. In the last three months, insiders sold 348,100 shares of company stock valued at $22,519,016. Insiders own 13.11% of the company’s stock.
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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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