Cerner Corporation (CERN) Stock Rating Reaffirmed by Stifel Nicolaus
Cerner Corporation (NASDAQ:CERN)‘s stock had its “hold” rating reissued by analysts at Stifel Nicolaus in a research report issued to clients and investors on Wednesday.
Several other analysts have also recently commented on CERN. Piper Jaffray Companies restated a “buy” rating and set a $70.00 target price on shares of Cerner Corporation in a report on Wednesday. Morgan Stanley upgraded Cerner Corporation from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $59.00 to $62.00 in a report on Thursday, August 10th. Zacks Investment Research cut Cerner Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. BidaskClub upgraded Cerner Corporation from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $74.00 target price on shares of Cerner Corporation in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have issued a buy rating to the stock. Cerner Corporation currently has an average rating of “Hold” and an average target price of $69.61.
Cerner Corporation (NASDAQ CERN) opened at $70.03 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.75 and a current ratio of 2.77. Cerner Corporation has a 12 month low of $47.01 and a 12 month high of $73.86. The stock has a market capitalization of $22,165.43, a price-to-earnings ratio of 29.50, a price-to-earnings-growth ratio of 2.14 and a beta of 0.93.
Cerner Corporation (NASDAQ:CERN) last released its quarterly earnings data 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). Cerner Corporation had a return on equity of 18.03% and a net margin of 13.37%. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the company earned $0.59 earnings per share. The business’s revenue was up 7.7% compared to the same quarter last year. equities analysts anticipate that Cerner Corporation will post 2.26 EPS for the current fiscal year.
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In other Cerner Corporation news, SVP Randy D. Sims sold 60,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at $4,142,346.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Clifford W. Illig sold 530,000 shares of the stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $65.54, for a total value of $34,736,200.00. Following the completion of the transaction, the chairman now directly owns 1,229,719 shares in the company, valued at approximately $80,595,783.26. 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. 13.20% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the business. Alps Advisors Inc. lifted its stake in 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 during the period. Laurel Wealth Advisors Inc. lifted its stake in 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 during the period. Conning Inc. lifted its stake in 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 during the period. ProVise Management Group LLC lifted its stake in 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 during the period. Finally, Advisory Services Network LLC lifted its stake in 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 during the period. 80.30% of the stock is currently owned by hedge funds and other institutional investors.
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.
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