Barber Financial Group Inc. lifted its stake in shares of Cerner Corporation (NASDAQ:CERN) by 91.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,684 shares of the company’s stock after purchasing an additional 21,399 shares during the period. Barber Financial Group Inc.’s holdings in Cerner Corporation were worth $3,187,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its holdings in Cerner Corporation by 19.0% in the second quarter. Bank of New York Mellon Corp now owns 17,546,618 shares of the company’s stock valued at $1,166,325,000 after buying an additional 2,800,955 shares during the period. American Century Companies Inc. lifted its holdings in Cerner Corporation by 62.4% in the second quarter. American Century Companies Inc. now owns 3,929,394 shares of the company’s stock valued at $261,187,000 after buying an additional 1,510,288 shares during the period. Vanguard Group Inc. lifted its holdings in Cerner Corporation by 3.1% in the second quarter. Vanguard Group Inc. now owns 29,296,545 shares of the company’s stock valued at $1,947,341,000 after buying an additional 876,919 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in Cerner Corporation in the second quarter valued at approximately $44,524,000. Finally, Prudential Financial Inc. lifted its holdings in Cerner Corporation by 64.5% in the second quarter. Prudential Financial Inc. now owns 1,192,666 shares of the company’s stock valued at $79,277,000 after buying an additional 467,476 shares during the period. Institutional investors own 78.26% of the company’s stock.
Cerner Corporation (CERN) traded up $0.76 during trading on Friday, reaching $65.54. 1,032,300 shares of the company were exchanged, compared to its average volume of 2,362,958. The company has a market capitalization of $21,810.00, a P/E ratio of 28.66, a P/E/G ratio of 2.08 and a beta of 0.93. Cerner Corporation has a 1-year low of $47.01 and a 1-year high of $73.86. The company has a current ratio of 2.77, a quick ratio of 2.75 and a debt-to-equity ratio of 0.11.
Cerner Corporation (NASDAQ:CERN) last released its earnings results on Thursday, October 26th. The company reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.01). The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.29 billion. Cerner Corporation had a net margin of 13.37% and a return on equity of 18.03%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the business posted $0.59 EPS. analysts predict that Cerner Corporation will post 2.26 earnings per share for the current fiscal year.
CERN has been the topic of several analyst reports. Piper Jaffray Companies restated a “buy” rating and issued a $77.00 price objective on shares of Cerner Corporation in a report on Thursday, October 12th. Cantor Fitzgerald restated a “buy” rating and issued a $77.00 price objective on shares of Cerner Corporation in a report on Tuesday, October 10th. KeyCorp restated a “buy” rating and issued a $76.00 price objective on shares of Cerner Corporation in a report on Friday, September 22nd. Canaccord Genuity restated a “buy” rating and issued a $69.00 price objective on shares of Cerner Corporation in a report on Wednesday, September 6th. Finally, Jefferies Group LLC set a $79.00 price objective on shares of Cerner Corporation and gave the company a “buy” rating in a report on Friday, October 13th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have assigned a buy rating to the company. Cerner Corporation currently has a consensus rating of “Hold” and an average price target of $69.79.
In other news, COO Michael Nill sold 99,470 shares of Cerner Corporation stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $70.45, for a total value of $7,007,661.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Randy D. Sims sold 60,000 shares of Cerner Corporation stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $68.03, for a total transaction of $4,081,800.00. Following the completion of the transaction, the senior vice president now directly owns 60,890 shares of the company’s stock, valued at approximately $4,142,346.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 257,470 shares of company stock valued at $17,695,482. 13.20% of the stock is owned by insiders.
Cerner Corporation 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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