Cerner Co. (CERN) Holdings Lifted by Leavell Investment Management Inc.

Leavell Investment Management Inc. grew its holdings in shares of Cerner Co. (NASDAQ:CERN) by 3.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,785 shares of the company’s stock after purchasing an additional 693 shares during the quarter. Leavell Investment Management Inc.’s holdings in Cerner were worth $1,535,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. ETF Managers Group LLC purchased a new position in shares of Cerner in the 2nd quarter worth $157,000. Advisory Services Network LLC raised its position in shares of Cerner by 4.4% in the 2nd quarter. Advisory Services Network LLC now owns 1,648 shares of the company’s stock worth $110,000 after buying an additional 70 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Cerner in the 3rd quarter worth $121,000. Steward Partners Investment Advisory LLC purchased a new position in shares of Cerner in the 3rd quarter worth $128,000. Finally, Acrospire Investment Management LLC raised its position in shares of Cerner by 100.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,800 shares of the company’s stock worth $120,000 after buying an additional 900 shares during the period. 81.82% of the stock is currently owned by institutional investors.

Shares of Cerner Co. (NASDAQ CERN) opened at $72.64 on Friday. The firm has a market capitalization of $24,150.00, a PE ratio of 36.14, a PEG ratio of 2.11 and a beta of 0.94. Cerner Co. has a 52 week low of $50.13 and a 52 week high of $73.86. 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 posted its quarterly earnings results on Thursday, October 26th. The company reported $0.61 EPS for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.01). The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.29 billion. Cerner had a return on equity of 18.03% and a net margin of 13.37%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the business posted $0.59 earnings per share. sell-side analysts predict that Cerner Co. will post 2.24 EPS for the current fiscal year.

In related news, VP Michael R. Battaglioli sold 4,000 shares of Cerner stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $69.89, for a total value of $279,560.00. Following the completion of the transaction, the vice president now directly owns 4,000 shares in the company, valued at $279,560. 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 Cerner 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 788,000 shares of company stock valued at $52,190,800 over the last quarter. Insiders own 13.11% of the company’s stock.

Several research analysts recently weighed in on CERN shares. Zacks Investment Research lowered Cerner from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Royal Bank of Canada reiterated a “buy” rating on shares of Cerner in a report on Wednesday, October 25th. Cantor Fitzgerald increased their price target on Cerner to $83.00 and gave the company an “overweight” rating in a report on Friday, January 5th. BidaskClub downgraded Cerner from a “buy” rating to a “hold” rating in a report on Friday, December 22nd. Finally, Stifel Nicolaus reiterated a “hold” rating on shares of Cerner in a report on Wednesday, November 22nd. Fourteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Cerner has a consensus rating of “Hold” and an average price target of $69.83.

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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.

Institutional Ownership by Quarter for Cerner (NASDAQ:CERN)

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