Cerner Co. (CERN) Position Raised by Pinkerton Retirement Specialists LLC

Pinkerton Retirement Specialists LLC increased its holdings in Cerner Co. (NASDAQ:CERN) by 4.6% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,310 shares of the company’s stock after buying an additional 847 shares during the period. Pinkerton Retirement Specialists LLC’s holdings in Cerner were worth $1,391,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Janney Montgomery Scott LLC raised its position in Cerner by 89.8% during the second quarter. Janney Montgomery Scott LLC now owns 24,657 shares of the company’s stock valued at $1,639,000 after purchasing an additional 11,665 shares in the last quarter. Daiwa Securities Group Inc. raised its position in Cerner by 76.9% during the second quarter. Daiwa Securities Group Inc. now owns 14,950 shares of the company’s stock valued at $994,000 after purchasing an additional 6,500 shares in the last quarter. Sei Investments Co. raised its position in Cerner by 94.8% during the second quarter. Sei Investments Co. now owns 32,363 shares of the company’s stock valued at $2,150,000 after purchasing an additional 15,753 shares in the last quarter. Korea Investment CORP raised its position in Cerner by 53.9% during the second quarter. Korea Investment CORP now owns 141,534 shares of the company’s stock valued at $9,408,000 after purchasing an additional 49,568 shares in the last quarter. Finally, IFP Advisors Inc raised its position in Cerner by 6.4% during the second quarter. IFP Advisors Inc now owns 10,677 shares of the company’s stock valued at $710,000 after purchasing an additional 639 shares in the last quarter. Institutional investors own 82.06% of the company’s stock.

Cerner Co. (NASDAQ CERN) opened at $69.58 on Thursday. Cerner Co. has a 12 month low of $47.01 and a 12 month high of $73.86. The stock has a market capitalization of $23,298.96, a PE ratio of 31.01, a PEG ratio of 2.26 and a beta of 0.94. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.75 and a current ratio of 2.77.

Cerner (NASDAQ:CERN) last announced its quarterly earnings data on Thursday, October 26th. The company reported $0.61 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.01). Cerner had a net margin of 13.37% and a return on equity of 18.03%. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the business posted $0.59 earnings per share. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. sell-side analysts anticipate that Cerner Co. will post 2.25 EPS for the current fiscal year.

CERN has been the topic of a number of research reports. Morgan Stanley upgraded Cerner from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $59.00 to $62.00 in a research report on Thursday, August 10th. BidaskClub upgraded Cerner from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Robert W. Baird restated a “hold” rating and set a $67.00 price target on shares of Cerner in a research report on Thursday, August 31st. Canaccord Genuity restated a “buy” rating and set a $69.00 price target on shares of Cerner in a research report on Wednesday, September 6th. Finally, Royal Bank Of Canada initiated coverage on Cerner in a research report on Tuesday, September 19th. They set a “top pick” rating and a $84.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have given a buy rating to the company’s stock. Cerner currently has a consensus rating of “Hold” and an average price target of $69.50.

In related news, Chairman Clifford W. Illig sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $65.96, for a total value of $263,840.00. Following the sale, the chairman now directly owns 1,229,719 shares of the company’s stock, valued at $81,112,265.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Marc G. Naughton sold 60,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $70.64, for a total value of $4,238,400.00. The disclosure for this sale can be found here. Insiders sold 833,470 shares of company stock worth $55,418,902 over the last three months. 13.11% of the stock is owned by insiders.

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Cerner 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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Institutional Ownership by Quarter for Cerner (NASDAQ:CERN)

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