SunTrust Banks, Inc. reaffirmed their buy rating on shares of Cerner Corporation (NASDAQ:CERN) in a report published on Monday. They currently have a $75.00 price target on the stock.

Several other research analysts have also issued reports on the stock. Canaccord Genuity reaffirmed a buy rating and issued a $69.00 target price on shares of Cerner Corporation in a research note on Wednesday, September 6th. Piper Jaffray Companies reaffirmed a buy rating and issued a $77.00 target price on shares of Cerner Corporation in a research note on Thursday, October 12th. Zacks Investment Research raised shares of Cerner Corporation from a hold rating to a buy rating and set a $81.00 target price on the stock in a research note on Tuesday, October 17th. Robert W. Baird reaffirmed a hold rating and issued a $67.00 target price on shares of Cerner Corporation in a research note on Thursday, August 31st. Finally, KeyCorp reaffirmed a buy rating and issued a $76.00 target price on shares of Cerner Corporation in a research note on Friday, September 22nd. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $68.80.

Cerner Corporation (NASDAQ:CERN) last issued its earnings results on Thursday, October 26th. The company reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.01). The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.29 billion. Cerner Corporation had a net margin of 13.37% and a return on equity of 18.03%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the business posted $0.59 EPS.

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In other news, President Zane M. Burke sold 94,000 shares of Cerner Corporation stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $67.47, for a total value of $6,342,180.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Clifford W. Illig sold 118,113 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $62.03, for a total transaction of $7,326,549.39. Following the completion of the transaction, the chairman now directly owns 1,229,719 shares of the company’s stock, valued at $76,279,469.57. The disclosure for this sale can be found here. Insiders sold 371,583 shares of company stock worth $24,758,191 over the last quarter. 13.20% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the stock. Alps Advisors Inc. grew its stake in shares of Cerner Corporation by 0.3% in the second quarter. Alps Advisors Inc. now owns 8,693 shares of the company’s stock valued at $578,000 after buying an additional 23 shares in the last quarter. Laurel Wealth Advisors Inc. grew its stake in shares of Cerner Corporation by 0.6% in the second quarter. Laurel Wealth Advisors Inc. now owns 3,909 shares of the company’s stock valued at $259,000 after buying an additional 24 shares in the last quarter. Conning Inc. grew its stake in shares of Cerner Corporation by 0.8% in the second quarter. Conning Inc. now owns 7,742 shares of the company’s stock valued at $515,000 after buying an additional 58 shares in the last quarter. ProVise Management Group LLC grew its stake in shares of Cerner Corporation by 1.3% in the second quarter. ProVise Management Group LLC now owns 5,184 shares of the company’s stock valued at $345,000 after buying an additional 69 shares in the last quarter. Finally, Advisory Services Network LLC grew its stake in shares of Cerner Corporation by 4.4% in the second quarter. Advisory Services Network LLC now owns 1,648 shares of the company’s stock valued at $110,000 after buying an additional 70 shares in the last quarter. 78.90% of the stock is owned by institutional investors and hedge funds.

Cerner Corporation 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 Corporation (NASDAQ:CERN)

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