SunTrust Banks cut shares of Cerner (NASDAQ:CERN) from a buy rating to a hold rating in a report published on Tuesday morning, Marketbeat.com reports. The analysts noted that the move was a valuation call.

A number of other research analysts have also issued reports on CERN. Robert W. Baird reissued a buy rating on shares of Cerner in a research note on Wednesday, January 3rd. Citigroup assumed coverage on shares of Cerner in a research note on Thursday, January 4th. They set a neutral rating for the company. Piper Jaffray Companies reissued a buy rating and set a $70.00 target price on shares of Cerner in a research note on Thursday, November 30th. Zacks Investment Research lowered shares of Cerner from a hold rating to a sell rating in a research note on Tuesday, September 26th. Finally, Jefferies Group reissued a buy rating on shares of Cerner in a research note on Sunday, October 29th. Seventeen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $70.21.

Cerner (NASDAQ CERN) traded down $0.58 during midday trading on Tuesday, hitting $68.91. 3,152,493 shares of the stock traded hands, compared to its average volume of 1,811,054. Cerner has a 1-year low of $50.33 and a 1-year high of $73.86. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.77 and a quick ratio of 2.75. The firm has a market cap of $22,910.00, a price-to-earnings ratio of 34.28, a PEG ratio of 2.09 and a beta of 0.94.

Cerner (NASDAQ:CERN) last posted its earnings results on Thursday, October 26th. The company reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.01). The firm 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%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.59 earnings per share. equities research analysts expect that Cerner will post 2.24 earnings per share for the current year.

In other Cerner news, VP Michael R. Battaglioli sold 4,000 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were 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 in the company, valued at approximately $279,560. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Zane M. Burke sold 50,000 shares of the business’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $70.00, for a total transaction of $3,500,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 788,000 shares of company stock worth $52,190,800 over the last 90 days. 13.11% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in CERN. Dimensional Fund Advisors LP raised its holdings in shares of Cerner by 7.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 697,200 shares of the company’s stock worth $46,342,000 after purchasing an additional 47,812 shares in the last quarter. State of Wisconsin Investment Board raised its holdings in shares of Cerner by 16.8% in the 3rd quarter. State of Wisconsin Investment Board now owns 425,712 shares of the company’s stock worth $30,362,000 after purchasing an additional 61,326 shares in the last quarter. Harrington Investments INC bought a new stake in shares of Cerner in the 3rd quarter worth approximately $1,675,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in shares of Cerner by 5.7% in the 3rd 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 in the last quarter. Finally, Shell Asset Management Co. raised its holdings in shares of Cerner by 201.0% in the 3rd quarter. Shell Asset Management Co. now owns 57,749 shares of the company’s stock worth $3,440,000 after purchasing an additional 38,565 shares in the last quarter. Institutional investors own 81.83% of the company’s stock.

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Cerner Company 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.

Analyst Recommendations for Cerner (NASDAQ:CERN)

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