Fox Run Management L.L.C. cut its holdings in shares of Cerner Corporation (NASDAQ:CERN) by 65.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,000 shares of the company’s stock after selling 7,600 shares during the period. Fox Run Management L.L.C.’s holdings in Cerner Corporation were worth $285,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Cerner Corporation by 3.1% during the second quarter. Vanguard Group Inc. now owns 29,296,545 shares of the company’s stock valued at $1,947,341,000 after acquiring an additional 876,919 shares in the last quarter. BlackRock Inc. grew its stake in shares of Cerner Corporation by 0.8% during the second quarter. BlackRock Inc. now owns 18,436,042 shares of the company’s stock valued at $1,225,441,000 after acquiring an additional 137,320 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Cerner Corporation by 19.0% during the second quarter. Bank of New York Mellon Corp now owns 17,546,618 shares of the company’s stock valued at $1,166,325,000 after acquiring an additional 2,800,955 shares in the last quarter. FMR LLC grew its stake in shares of Cerner Corporation by 0.8% during the second quarter. FMR LLC now owns 5,652,931 shares of the company’s stock valued at $375,750,000 after acquiring an additional 43,521 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Cerner Corporation by 62.4% during the second quarter. American Century Companies Inc. now owns 3,929,394 shares of the company’s stock valued at $261,187,000 after acquiring an additional 1,510,288 shares in the last quarter. Institutional investors own 78.90% of the company’s stock.

CERN has been the subject of several recent analyst reports. Canaccord Genuity restated a “buy” rating and set a $69.00 target price on shares of Cerner Corporation in a research note on Wednesday, September 6th. Piper Jaffray Companies restated a “buy” rating and set 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 price target on the stock in a research report on Tuesday, October 17th. KeyCorp reaffirmed a “buy” rating and set a $76.00 price target on shares of Cerner Corporation in a research report on Friday, September 22nd. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $67.00 price target on shares of Cerner Corporation in a research report on Thursday, August 31st. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $68.80.

In related news, Chairman Clifford W. Illig sold 118,113 shares of the firm’s stock in a transaction that occurred 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 transaction, the chairman now owns 1,229,719 shares in the company, valued at $76,279,469.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Zane M. Burke sold 94,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $67.47, for a total transaction of $6,342,180.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 371,583 shares of company stock worth $24,758,191. Corporate insiders own 13.20% of the company’s stock.

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Shares of Cerner Corporation (CERN) opened at $65.43 on Friday. The firm has a market cap of $21,749.91, a price-to-earnings ratio of 28.95, a P/E/G ratio of 2.10 and a beta of 0.93. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.77 and a quick ratio of 2.75.

Cerner Corporation (NASDAQ:CERN) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.01). The business had revenue of $1.28 billion for 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 business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the firm posted $0.59 EPS. sell-side analysts predict that Cerner Corporation will post 2.26 earnings per share for the current fiscal year.

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.

Institutional Ownership by Quarter for Cerner Corporation (NASDAQ:CERN)

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