Nomura Holdings Inc. reduced its stake in Cerner Co. (NASDAQ:CERN) by 52.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,861 shares of the company’s stock after selling 15,502 shares during the quarter. Nomura Holdings Inc.’s holdings in Cerner were worth $829,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Andra AP fonden acquired a new stake in shares of Cerner in the 2nd quarter valued at approximately $6,398,000. Schroder Investment Management Group lifted its holdings in shares of Cerner by 1.6% in the 2nd quarter. Schroder Investment Management Group now owns 512,588 shares of the company’s stock valued at $30,632,000 after buying an additional 8,300 shares during the period. NorthCoast Asset Management LLC lifted its holdings in shares of Cerner by 3.7% in the 2nd quarter. NorthCoast Asset Management LLC now owns 116,042 shares of the company’s stock valued at $6,938,000 after buying an additional 4,149 shares during the period. California Public Employees Retirement System lifted its holdings in shares of Cerner by 23.5% in the 2nd quarter. California Public Employees Retirement System now owns 737,971 shares of the company’s stock valued at $44,123,000 after buying an additional 140,436 shares during the period. Finally, Martin & Co. Inc. TN acquired a new stake in shares of Cerner in the 2nd quarter valued at approximately $4,255,000. Institutional investors own 76.03% of the company’s stock.

In other news, President Zane M. Burke sold 381,139 shares of the business’s stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $64.05, for a total value of $24,411,952.95. Following the completion of the transaction, the president now directly owns 59,539 shares of the company’s stock, valued at $3,813,472.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Clifford W. Illig sold 378,900 shares of the business’s stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $66.46, for a total value of $25,181,694.00. Following the completion of the transaction, the insider now directly owns 1,229,719 shares of the company’s stock, valued at $81,727,124.74. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,270,870 shares of company stock valued at $82,486,031. Insiders own 4.71% of the company’s stock.

Several equities analysts recently issued reports on the company. Canaccord Genuity lifted their price objective on Cerner from $64.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, August 3rd. Jefferies Financial Group set a $70.00 price objective on Cerner and gave the stock a “buy” rating in a report on Friday, June 1st. BidaskClub raised Cerner from a “sell” rating to a “hold” rating in a report on Thursday, May 31st. ValuEngine raised Cerner from a “sell” rating to a “hold” rating in a report on Saturday, June 16th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $71.00 price objective on shares of Cerner in a report on Friday, August 3rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $71.71.

Shares of CERN stock opened at $63.78 on Tuesday. Cerner Co. has a 1 year low of $52.05 and a 1 year high of $73.86. The firm has a market cap of $21.00 billion, a P/E ratio of 29.41, a PEG ratio of 2.02 and a beta of 0.97. The company has a quick ratio of 2.83, a current ratio of 2.85 and a debt-to-equity ratio of 0.09.

Cerner (NASDAQ:CERN) last released its quarterly earnings results on Thursday, August 2nd. The company reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.02. Cerner had a return on equity of 15.26% and a net margin of 16.06%. The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the previous year, the firm posted $0.61 earnings per share. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. research analysts predict that Cerner Co. will post 2.28 earnings per share for the current year.

Cerner Company Profile

Cerner Corporation provides health care information technology solutions and services in the United States and internationally. The company offers Cerner Millennium architecture, a person-centric computing framework, which includes clinical, financial, and management information systems that allow providers to access an individual's electronic health record (EHR) at the point of care, and organizes and delivers information for physicians, nurses, laboratory technicians, pharmacists, front- and back-office professionals, and consumers.

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Institutional Ownership by Quarter for Cerner (NASDAQ:CERN)

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