Capital Investment Services of America Inc. trimmed its holdings in Cerner Co. (NASDAQ:CERN) by 2.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 214,849 shares of the company’s stock after selling 4,485 shares during the quarter. Cerner makes up approximately 2.3% of Capital Investment Services of America Inc.’s holdings, making the stock its 16th biggest position. Capital Investment Services of America Inc.’s holdings in Cerner were worth $14,479,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Laurel Wealth Advisors Inc. boosted its stake in Cerner by 0.6% in the 2nd quarter. Laurel Wealth Advisors Inc. now owns 3,909 shares of the company’s stock worth $259,000 after purchasing an additional 24 shares during the period. Advisory Services Network LLC boosted its stake in 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 purchasing an additional 70 shares during the period. EagleClaw Capital Managment LLC boosted its stake in Cerner by 0.4% in the 2nd quarter. EagleClaw Capital Managment LLC now owns 26,050 shares of the company’s stock worth $1,734,000 after purchasing an additional 100 shares during the period. Gyroscope Capital Management Group LLC boosted its stake in Cerner by 6.5% in the 2nd quarter. Gyroscope Capital Management Group LLC now owns 4,025 shares of the company’s stock worth $268,000 after purchasing an additional 246 shares during the period. Finally, Frontier Wealth Management LLC boosted its stake in Cerner by 0.4% in the 2nd quarter. Frontier Wealth Management LLC now owns 66,108 shares of the company’s stock worth $4,394,000 after purchasing an additional 265 shares during the period. Institutional investors and hedge funds own 81.82% of the company’s stock.

In related news, CEO Clifford W. Illig sold 140,000 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $65.52, for a total transaction of $9,172,800.00. Following the sale, the chief executive officer now owns 1,229,719 shares in the company, valued at approximately $80,571,188.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Zane M. Burke sold 50,000 shares of the stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $70.00, for a total value 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 in the last 90 days. 13.11% of the stock is currently owned by insiders.

CERN has been the subject of several recent analyst reports. Zacks Investment Research downgraded Cerner from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Royal Bank of Canada restated a “buy” rating on shares of Cerner in a research note on Wednesday, October 25th. BidaskClub downgraded Cerner from a “buy” rating to a “hold” rating in a research note on Friday, December 22nd. Stifel Nicolaus restated a “hold” rating on shares of Cerner in a research note on Wednesday, November 22nd. Finally, Cantor Fitzgerald upped their price target on Cerner to $83.00 and gave the stock an “overweight” rating in a research note on Friday. Fourteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $69.83.

Cerner Co. (CERN) traded up $1.04 during midday trading on Tuesday, hitting $71.63. The stock had a trading volume of 998,222 shares, compared to its average volume of 1,406,820. The company has a quick ratio of 2.75, a current ratio of 2.77 and a debt-to-equity ratio of 0.11. The company has a market cap of $23,800.00, a P/E ratio of 35.64, a P/E/G ratio of 2.11 and a beta of 0.94. Cerner Co. has a 52-week low of $47.16 and a 52-week high of $73.86.

Cerner (NASDAQ:CERN) last posted its earnings results on Thursday, October 26th. The company reported $0.61 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 the consensus estimate of $1.29 billion. Cerner had a net margin of 13.37% and a return on equity of 18.03%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.59 earnings per share. equities analysts expect that Cerner Co. will post 2.24 EPS for the current fiscal year.

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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.

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Institutional Ownership by Quarter for Cerner (NASDAQ:CERN)

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