Cerner Co. (NASDAQ:CERN) Vice Chairman Clifford W. Illig sold 307,700 shares of the business’s stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $64.52, for a total value of $19,852,804.00. Following the completion of the transaction, the insider now directly owns 1,229,719 shares of the company’s stock, valued at $79,341,469.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Cerner Co. (NASDAQ CERN) traded down $0.52 on Friday, hitting $61.26. The stock had a trading volume of 4,148,469 shares, compared to its average volume of 2,225,709. The company has a market cap of $20,374.89, a price-to-earnings ratio of 23.84, a PEG ratio of 1.78 and a beta of 0.93. The company has a current ratio of 3.01, a quick ratio of 2.99 and a debt-to-equity ratio of 0.11. Cerner Co. has a 1-year low of $56.13 and a 1-year high of $73.86.
Cerner (NASDAQ:CERN) last issued its earnings results on Tuesday, February 6th. The company reported $0.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.03). Cerner had a return on equity of 16.82% and a net margin of 16.86%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the business earned $0.61 EPS. The business’s quarterly revenue was up 4.5% on a year-over-year basis. equities research analysts expect that Cerner Co. will post 2.42 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of CERN. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Cerner by 5.7% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 45,080 shares of the company’s stock worth $3,215,000 after purchasing an additional 2,426 shares during the period. State of Wisconsin Investment Board grew its position in Cerner by 16.8% during the third quarter. State of Wisconsin Investment Board now owns 425,712 shares of the company’s stock worth $30,362,000 after buying an additional 61,326 shares in the last quarter. State of Tennessee Treasury Department grew its position in Cerner by 8.0% during the third quarter. State of Tennessee Treasury Department now owns 116,393 shares of the company’s stock worth $8,301,000 after buying an additional 8,574 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in Cerner by 117.4% during the third quarter. Oregon Public Employees Retirement Fund now owns 71,457 shares of the company’s stock worth $5,096,000 after buying an additional 38,582 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in Cerner by 4.2% during the third quarter. Principal Financial Group Inc. now owns 473,140 shares of the company’s stock worth $33,744,000 after buying an additional 19,182 shares in the last quarter. Institutional investors own 78.56% of the company’s stock.
Several research firms recently commented on CERN. SunTrust Banks lowered Cerner from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th. They noted that the move was a valuation call. Zacks Investment Research lowered Cerner from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th. Leerink Swann restated a “hold” rating on shares of Cerner in a research note on Saturday, November 25th. Evercore ISI assumed coverage on Cerner in a research report on Thursday, January 18th. They issued an “in-line” rating and a $77.00 target price for the company. Finally, Stifel Nicolaus reaffirmed a “hold” rating on shares of Cerner in a research report on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $67.50.
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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