Cerner Corporation (CERN) Shares Bought by Toronto Dominion Bank
Toronto Dominion Bank grew its stake in Cerner Corporation (NASDAQ:CERN) by 23.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,438 shares of the company’s stock after purchasing an additional 19,311 shares during the period. Toronto Dominion Bank’s holdings in Cerner Corporation were worth $6,741,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Johnson Financial Group Inc. grew its position in Cerner Corporation by 2.6% in the 1st quarter. Johnson Financial Group Inc. now owns 1,870 shares of the company’s stock worth $110,000 after purchasing an additional 47 shares during the last quarter. Advisory Services Network LLC grew its position 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 during the last quarter. Acrospire Investment Management LLC grew its position 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 during the last quarter. Pacad Investment Ltd. acquired a new stake in Cerner Corporation in the 2nd quarter worth $130,000. Finally, Sun Life Financial INC grew its position 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 during the last quarter. Institutional investors own 78.94% of the company’s stock.
Shares of Cerner Corporation (NASDAQ CERN) traded up 0.30% during trading on Thursday, hitting $72.91. 274,990 shares of the company’s stock were exchanged. The stock has a market cap of $24.18 billion, a PE ratio of 36.84 and a beta of 0.95. The stock’s 50-day moving average price is $70.50 and its 200-day moving average price is $65.77. Cerner Corporation has a 1-year low of $47.01 and a 1-year high of $73.86.
Cerner Corporation (NASDAQ:CERN) last posted its earnings results on Thursday, July 27th. The company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.01). The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.30 billion. Cerner Corporation had a return on equity of 18.18% and a net margin of 13.47%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same period last year, the company posted $0.58 EPS. On average, equities analysts expect that Cerner Corporation will post $2.50 earnings per share for the current fiscal year.
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Several analysts have issued reports on CERN shares. Cantor Fitzgerald restated a “buy” rating and issued a $77.00 price target on shares of Cerner Corporation in a research report on Tuesday, October 10th. KeyCorp reaffirmed a “buy” rating and set a $76.00 price objective on shares of Cerner Corporation in a report on Friday, September 22nd. Robert W. Baird reaffirmed a “hold” rating and set a $67.00 price objective on shares of Cerner Corporation in a report on Thursday, August 31st. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $79.00 price objective on shares of Cerner Corporation in a report on Thursday. Finally, Zacks Investment Research downgraded shares of Cerner Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Fourteen research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $69.05.
In other news, SVP Randy D. Sims sold 60,000 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $68.03, for a total value of $4,081,800.00. Following the completion of the transaction, the senior vice president now owns 60,890 shares of the company’s stock, valued at $4,142,346.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Michael Nill sold 99,470 shares of the stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $70.45, for a total transaction of $7,007,661.50. The disclosure for this sale can be found here. Insiders sold 371,583 shares of company stock valued at $24,758,191 in the last three months. Company insiders own 13.20% of the company’s stock.
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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