FNY Partners Fund LP purchased a new stake in shares of Cerner Corporation (NASDAQ:CERN) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 2,900 shares of the company’s stock, valued at approximately $137,000.
A number of other large investors have also made changes to their positions in CERN. ProVise Management Group LLC acquired a new stake in shares of Cerner Corporation during the second quarter valued at about $266,000. Stephens Investment Management Group LLC increased its stake in shares of Cerner Corporation by 15.0% in the third quarter. Stephens Investment Management Group LLC now owns 394,239 shares of the company’s stock valued at $24,344,000 after buying an additional 51,274 shares in the last quarter. Morgan Stanley increased its stake in shares of Cerner Corporation by 151.6% in the third quarter. Morgan Stanley now owns 1,219,077 shares of the company’s stock valued at $75,278,000 after buying an additional 734,622 shares in the last quarter. World Asset Management Inc increased its stake in shares of Cerner Corporation by 2.1% in the third quarter. World Asset Management Inc now owns 29,704 shares of the company’s stock valued at $1,834,000 after buying an additional 617 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of Cerner Corporation by 1,079.4% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 282,408 shares of the company’s stock valued at $17,438,000 after buying an additional 258,463 shares in the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.
Shares of Cerner Corporation (NASDAQ:CERN) traded down 4.42% during trading on Friday, reaching $51.50. The company’s stock had a trading volume of 8,307,659 shares. The stock has a market cap of $17.25 billion, a price-to-earnings ratio of 27.84 and a beta of 1.05. Cerner Corporation has a 52-week low of $47.01 and a 52-week high of $67.50. The stock’s 50 day moving average price is $51.03 and its 200-day moving average price is $56.55.
Cerner Corporation (NASDAQ:CERN) last announced its quarterly earnings data on Thursday, February 9th. The company reported $0.61 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.61. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Cerner Corporation had a return on equity of 17.99% and a net margin of 13.27%. Cerner Corporation’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the firm posted $0.61 EPS. Equities analysts anticipate that Cerner Corporation will post $2.56 EPS for the current year.
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A number of research firms have recently weighed in on CERN. Morgan Stanley downgraded Cerner Corporation from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $62.00 to $45.00 in a report on Tuesday, December 13th. Canaccord Genuity reissued a “buy” rating and set a $63.00 target price on shares of Cerner Corporation in a report on Friday, January 13th. Deutsche Bank AG dropped their target price on Cerner Corporation from $70.00 to $58.00 and set a “buy” rating for the company in a report on Wednesday, November 2nd. J P Morgan Chase & Co reissued a “buy” rating on shares of Cerner Corporation in a report on Thursday, November 17th. Finally, Zacks Investment Research raised Cerner Corporation from a “sell” rating to a “hold” rating in a report on Thursday, November 24th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Cerner Corporation has an average rating of “Hold” and a consensus price target of $61.89.
Cerner Corporation Company Profile
Cerner Corporation 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. Its segments include Domestic and Global. The Domestic segment includes the business activity in the United States.
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