Cerner Corporation (CERN) Shares Bought by Teacher Retirement System of Texas
Teacher Retirement System of Texas lifted its holdings in shares of Cerner Corporation (NASDAQ:CERN) by 14.2% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,165 shares of the company’s stock after buying an additional 1,139 shares during the period. Teacher Retirement System of Texas’ holdings in Cerner Corporation were worth $654,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. ETF Managers Group LLC acquired a new position in Cerner Corporation in the 2nd quarter worth about $157,000. Advisory Services Network LLC increased its holdings in Cerner Corporation 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 in the last quarter. Acrospire Investment Management LLC increased its holdings in Cerner Corporation 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 purchasing an additional 900 shares in the last quarter. Pacad Investment Ltd. acquired a new position in Cerner Corporation in the 2nd quarter worth about $130,000. Finally, Sun Life Financial INC increased its holdings in Cerner Corporation by 23,700.0% in the 2nd quarter. Sun Life Financial INC now owns 2,142 shares of the company’s stock worth $142,000 after purchasing an additional 2,133 shares in the last quarter. 80.30% of the stock is owned by institutional investors.
Shares of Cerner Corporation (NASDAQ:CERN) opened at $70.03 on Thursday. Cerner Corporation has a 52-week low of $47.01 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. The company has a market capitalization of $22,165.43, a PE ratio of 29.50, a P/E/G ratio of 2.14 and a beta of 0.93.
Cerner Corporation (NASDAQ:CERN) last announced its quarterly 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 firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.29 billion. Cerner Corporation had a return on equity of 18.03% and a net margin of 13.37%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.59 EPS. research analysts forecast that Cerner Corporation will post 2.26 earnings per share for the current year.
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In other Cerner Corporation news, SVP Randy D. Sims sold 60,000 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $68.03, for a total value of $4,081,800.00. Following the transaction, the senior vice president now owns 60,890 shares in the company, valued at $4,142,346.70. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, President Zane M. Burke sold 94,000 shares of the stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $67.47, for a total value of $6,342,180.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 927,470 shares of company stock worth $61,604,482. Corporate insiders own 13.20% of the company’s stock.
A number of equities analysts have issued reports on the company. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Cerner Corporation in a report on Wednesday, October 25th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Cerner Corporation in a report on Sunday, October 29th. Zacks Investment Research cut Cerner Corporation from a “buy” rating to a “sell” rating in a report on Tuesday, October 31st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $69.00 target price on shares of Cerner Corporation in a report on Friday, July 28th. Finally, BidaskClub raised Cerner Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $70.00.
Cerner Corporation 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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