WINTON GROUP Ltd lessened its holdings in shares of Cerner Co. (NASDAQ:CERN) by 31.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,076 shares of the company’s stock after selling 3,270 shares during the quarter. WINTON GROUP Ltd’s holdings in Cerner were worth $505,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also modified their holdings of the company. Alps Advisors Inc. lifted its position in shares of Cerner by 0.3% during the second quarter. Alps Advisors Inc. now owns 8,693 shares of the company’s stock worth $578,000 after purchasing an additional 23 shares in the last quarter. Laurel Wealth Advisors Inc. lifted its position in shares of Cerner by 0.6% during the second quarter. Laurel Wealth Advisors Inc. now owns 3,909 shares of the company’s stock worth $259,000 after purchasing an additional 24 shares in the last quarter. Conning Inc. lifted its position in shares of Cerner by 0.8% during the second quarter. Conning Inc. now owns 7,742 shares of the company’s stock worth $515,000 after purchasing an additional 58 shares in the last quarter. ProVise Management Group LLC lifted its position in shares of Cerner by 1.3% during the second quarter. ProVise Management Group LLC now owns 5,184 shares of the company’s stock worth $345,000 after purchasing an additional 69 shares in the last quarter. Finally, Advisory Services Network LLC lifted 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 worth $110,000 after purchasing an additional 70 shares in the last quarter. 82.06% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have recently issued reports on CERN. Royal Bank Of Canada reissued a “buy” rating on shares of Cerner in a research report on Wednesday, October 25th. Jefferies Group reissued a “buy” rating on shares of Cerner in a research report on Sunday, October 29th. Piper Jaffray Companies reissued a “buy” rating and set a $70.00 price target on shares of Cerner in a research report on Thursday, November 30th. Zacks Investment Research cut shares of Cerner from a “buy” rating to a “sell” rating in a research report on Tuesday, October 31st. Finally, Leerink Swann reissued a “hold” rating on shares of Cerner in a research report on Saturday, November 25th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $69.50.
In other Cerner news, COO Michael Nill sold 99,470 shares of the stock in a transaction that occurred on 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 document filed with the SEC, which is available through this link. Also, CEO Clifford W. Illig sold 140,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $65.52, for a total transaction of $9,172,800.00. Following the completion of the transaction, the chief executive officer now owns 1,229,719 shares in the company, valued at $80,571,188.88. The disclosure for this sale can be found here. Insiders sold 833,470 shares of company stock worth $55,418,902 over the last quarter. 13.11% of the stock is currently owned by insiders.
Cerner Co. (NASDAQ CERN) opened at $70.42 on Friday. The company has a market cap of $23,129.43, a P/E ratio of 30.79, a price-to-earnings-growth ratio of 2.25 and a beta of 0.94. Cerner Co. has a one year low of $47.01 and a one year high of $73.86. The company has a quick ratio of 2.75, a current ratio of 2.77 and a debt-to-equity ratio of 0.11.
Cerner (NASDAQ:CERN) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.61 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.01). The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Cerner had a net margin of 13.37% and a return on equity of 18.03%. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.59 earnings per share. equities research analysts anticipate that Cerner Co. will post 2.25 EPS for the current fiscal year.
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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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