GSA Capital Partners LLP Acquires Shares of 4,407 Cerner Corporation (CERN)
GSA Capital Partners LLP acquired a new stake in Cerner Corporation (NASDAQ:CERN) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,407 shares of the company’s stock, valued at approximately $293,000.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Alps Advisors Inc. grew its holdings 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 purchasing an additional 23 shares during the period. Johnson Financial Group Inc. grew its holdings in Cerner Corporation by 2.6% in the first quarter. Johnson Financial Group Inc. now owns 1,870 shares of the company’s stock valued at $110,000 after purchasing an additional 47 shares during the period. Conning Inc. grew its holdings 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 purchasing an additional 58 shares during the period. ProVise Management Group LLC grew its holdings 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 purchasing an additional 69 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Cerner Corporation by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,842 shares of the company’s stock valued at $1,452,000 after purchasing an additional 74 shares during the period. 78.94% of the stock is currently owned by institutional investors.
CERN has been the topic of several research reports. William Blair restated an “outperform” rating on shares of Cerner Corporation in a research report on Monday, July 10th. BidaskClub downgraded Cerner Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Jefferies Group LLC set a $79.00 target price on Cerner Corporation and gave the company a “buy” rating in a research report on Friday, October 13th. Zacks Investment Research upgraded Cerner Corporation from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a research report on Tuesday. Finally, Stifel Nicolaus restated a “hold” rating and issued a $69.00 target price on shares of Cerner Corporation in a research report on Friday, July 28th. Fourteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Cerner Corporation has an average rating of “Hold” and an average price target of $68.53.
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Shares of Cerner Corporation (CERN) opened at 72.51 on Wednesday. The firm has a market cap of $24.04 billion, a PE ratio of 36.64 and a beta of 0.95. Cerner Corporation has a 1-year low of $47.01 and a 1-year high of $73.86. The firm’s 50-day moving average price is $70.00 and its 200 day moving average price is $65.53.
Cerner Corporation (NASDAQ:CERN) last issued its quarterly earnings results on Thursday, July 27th. The company reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.01). Cerner Corporation had a return on equity of 18.18% and a net margin of 13.47%. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the prior year, the company earned $0.58 EPS. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, equities research analysts forecast that Cerner Corporation will post $2.50 EPS for the current fiscal year.
In other Cerner Corporation news, COO Michael Nill sold 99,470 shares of the stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $70.45, for a total transaction of $7,007,661.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Clifford W. Illig sold 118,113 shares of the stock in a transaction on Friday, August 11th. The stock was sold at an average price of $62.03, for a total value of $7,326,549.39. Following the transaction, the chairman now directly owns 1,229,719 shares in the company, valued at approximately $76,279,469.57. The disclosure for this sale can be found here. In the last three months, insiders have sold 371,583 shares of company stock worth $24,758,191. Corporate 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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