Cerner Corporation (NASDAQ:CERN) VP Jeffrey A. Townsend sold 100,000 shares of the firm’s stock in a transaction on Monday, February 13th. The shares were sold at an average price of $52.31, for a total value of $5,231,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Cerner Corporation (NASDAQ:CERN) opened at 54.55 on Wednesday. The firm has a 50-day moving average price of $51.26 and a 200-day moving average price of $56.34. Cerner Corporation has a 52 week low of $47.01 and a 52 week high of $67.50. The stock has a market cap of $18.27 billion, a PE ratio of 29.49 and a beta of 1.05.
Cerner Corporation (NASDAQ:CERN) last announced its earnings results on Thursday, February 9th. The company reported $0.61 EPS for the quarter, meeting the consensus estimate of $0.61. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.26 billion. Cerner Corporation had a return on equity of 18.16% and a net margin of 13.27%. The company’s revenue was up 7.0% on a year-over-year basis. During the same period last year, the business posted $0.61 EPS. On average, analysts forecast that Cerner Corporation will post $2.51 earnings per share for the current fiscal year.
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Several research analysts have recently commented on the company. Morgan Stanley lowered Cerner Corporation from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $62.00 to $45.00 in a report on Tuesday, December 13th. Canaccord Genuity reiterated a “buy” rating and set a $63.00 price target on shares of Cerner Corporation in a report on Friday, January 13th. Deutsche Bank AG reduced their price target on Cerner Corporation from $70.00 to $58.00 and set a “buy” rating on the stock in a report on Wednesday, November 2nd. J P Morgan Chase & Co reiterated a “buy” rating on shares of Cerner Corporation in a report on Thursday, November 17th. Finally, Zacks Investment Research upgraded Cerner Corporation from a “sell” rating to a “hold” rating in a report on Thursday, November 24th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Cerner Corporation currently has an average rating of “Hold” and a consensus price target of $61.81.
Several large investors have recently made changes to their positions in the stock. State Street Corp increased its stake in shares of Cerner Corporation by 4.8% in the fourth quarter. State Street Corp now owns 12,365,267 shares of the company’s stock valued at $585,740,000 after buying an additional 567,911 shares during the last quarter. Generation Investment Management LLP increased its stake in shares of Cerner Corporation by 4.9% in the third quarter. Generation Investment Management LLP now owns 11,426,270 shares of the company’s stock valued at $705,572,000 after buying an additional 531,521 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Cerner Corporation by 138.1% in the third quarter. Bank of New York Mellon Corp now owns 10,706,463 shares of the company’s stock valued at $661,125,000 after buying an additional 6,209,103 shares during the last quarter. Loomis Sayles & Co. L P increased its stake in shares of Cerner Corporation by 4.5% in the fourth quarter. Loomis Sayles & Co. L P now owns 9,534,549 shares of the company’s stock valued at $451,652,000 after buying an additional 411,998 shares during the last quarter. Finally, Manning & Napier Advisors LLC increased its stake in shares of Cerner Corporation by 22.5% in the second quarter. Manning & Napier Advisors LLC now owns 8,496,202 shares of the company’s stock valued at $497,876,000 after buying an additional 1,561,040 shares during the last quarter. Institutional investors and hedge funds own 80.58% of the company’s stock.
About Cerner Corporation
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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