Cerner Co. (NASDAQ:CERN) VP Michael R. Battaglioli sold 4,000 shares of the company’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $69.89, for a total transaction of $279,560.00. Following the sale, the vice president now directly owns 4,000 shares of the company’s stock, valued at $279,560. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Cerner Co. (NASDAQ CERN) traded up $0.23 during trading hours on Wednesday, reaching $70.36. 958,300 shares of the company traded hands, compared to its average volume of 2,358,070. The firm has a market cap of $23,312.26, a PE ratio of 31.03, a P/E/G ratio of 2.26 and a beta of 0.94. Cerner Co. has a 1 year low of $47.01 and a 1 year high of $73.86. The company has a current ratio of 2.77, a quick ratio of 2.75 and a debt-to-equity ratio of 0.11.
Cerner (NASDAQ:CERN) last released its 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 for the quarter, compared to analyst estimates of $1.29 billion. Cerner had a net margin of 13.37% and a return on equity of 18.03%. Cerner’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.59 earnings per share. research analysts forecast that Cerner Co. will post 2.25 EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Cerner by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 29,296,545 shares of the company’s stock valued at $1,947,341,000 after purchasing an additional 876,919 shares during the last quarter. BlackRock Inc. raised its stake in shares of Cerner by 0.8% in the 2nd quarter. BlackRock Inc. now owns 18,436,042 shares of the company’s stock valued at $1,225,441,000 after buying an additional 137,320 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Cerner by 19.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 17,546,618 shares of the company’s stock valued at $1,166,325,000 after buying an additional 2,800,955 shares in the last quarter. FMR LLC raised its stake in shares of Cerner by 0.8% in the 2nd quarter. FMR LLC now owns 5,652,931 shares of the company’s stock valued at $375,750,000 after buying an additional 43,521 shares in the last quarter. Finally, Capital International Investors raised its stake in shares of Cerner by 0.3% in the 3rd quarter. Capital International Investors now owns 4,851,296 shares of the company’s stock valued at $345,994,000 after buying an additional 12,178 shares in the last quarter. Hedge funds and other institutional investors own 82.06% of the company’s stock.
Several research firms recently issued reports on CERN. Royal Bank of Canada reaffirmed a “buy” rating on shares of Cerner in a report on Wednesday, October 25th. Jefferies Group reaffirmed a “buy” rating on shares of Cerner in a report on Sunday, October 29th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $70.00 price objective on shares of Cerner in a report on Thursday, November 30th. Zacks Investment Research downgraded shares of Cerner from a “buy” rating to a “sell” rating in a report on Tuesday, October 31st. Finally, Leerink Swann reaffirmed a “hold” rating on shares of Cerner in a report on Saturday, November 25th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $69.50.
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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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