OLD Mission Capital LLC bought a new position in Cerner Co. (NASDAQ:CERN) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 6,634 shares of the company’s stock, valued at approximately $447,000.
Other large investors have also recently made changes to their positions in the company. Icon Wealth Partners LLC bought a new position in shares of Cerner in the 4th quarter worth approximately $107,000. Fuller & Thaler Asset Management Inc. bought a new position in shares of Cerner in the 3rd quarter worth approximately $121,000. Cerebellum GP LLC bought a new position in shares of Cerner in the 4th quarter worth approximately $127,000. Steward Partners Investment Advisory LLC bought a new position in shares of Cerner in the 3rd quarter worth approximately $128,000. Finally, Delpha Capital Management LLC bought a new position in shares of Cerner in the 4th quarter worth approximately $144,000. 78.56% of the stock is owned by hedge funds and other institutional investors.
A number of research firms recently weighed in on CERN. Argus lowered Cerner from a “buy” rating to a “hold” rating and raised their price objective for the company from $54.49 to $64.65 in a research report on Tuesday, March 13th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $80.00 price objective on shares of Cerner in a research report on Wednesday. BidaskClub raised Cerner from a “strong sell” rating to a “sell” rating in a research report on Thursday, March 8th. Royal Bank of Canada reaffirmed a “buy” rating and set a $76.00 price objective on shares of Cerner in a research report on Wednesday, February 7th. Finally, Robert W. Baird reduced their price objective on Cerner from $80.00 to $75.00 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $67.50.
In other Cerner news, VP Jeffrey A. Townsend sold 230,000 shares of Cerner stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $61.94, for a total value of $14,246,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Clifford W. Illig sold 307,700 shares of Cerner 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 sale, the insider now directly owns 1,229,719 shares of the company’s stock, valued at approximately $79,341,469.88. The disclosure for this sale can be found here. In the last three months, insiders sold 541,800 shares of company stock valued at $34,353,860. Corporate insiders own 13.11% of the company’s stock.
Shares of Cerner Co. (NASDAQ CERN) opened at $61.26 on Friday. The company has a market capitalization of $20,374.89, a price-to-earnings ratio of 23.84, a price-to-earnings-growth ratio of 1.78 and a beta of 0.93. Cerner Co. has a fifty-two week low of $56.13 and a fifty-two week high of $73.86. The company has a quick ratio of 2.99, a current ratio of 3.01 and a debt-to-equity ratio of 0.11.
Cerner (NASDAQ:CERN) last posted its earnings results on Tuesday, February 6th. The company reported $0.58 EPS for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.03). The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.33 billion. Cerner had a return on equity of 16.82% and a net margin of 16.86%. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.61 EPS. sell-side analysts expect that Cerner Co. will post 2.42 earnings per share for the current year.
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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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