Public Employees Retirement System of Ohio cut its stake in Cerner Co. (NASDAQ:CERN) by 14.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 184,642 shares of the company’s stock after selling 31,531 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.06% of Cerner worth $11,040,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV increased its holdings in shares of Cerner by 11.9% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 55,359 shares of the company’s stock valued at $3,310,000 after acquiring an additional 5,905 shares during the period. Bristol John W & Co. Inc. NY increased its holdings in shares of Cerner by 0.4% in the 2nd quarter. Bristol John W & Co. Inc. NY now owns 1,014,764 shares of the company’s stock valued at $60,673,000 after acquiring an additional 4,485 shares during the period. Andra AP fonden purchased a new position in shares of Cerner in the 2nd quarter valued at $6,398,000. Schroder Investment Management Group increased 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 acquiring an additional 8,300 shares during the period. Finally, NorthCoast Asset Management LLC increased 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 acquiring an additional 4,149 shares during the period. Institutional investors and hedge funds own 76.03% of the company’s stock.

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

Cerner stock opened at $63.78 on Tuesday. The company has a quick ratio of 2.83, a current ratio of 2.85 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $21.00 billion, a PE ratio of 29.41, a price-to-earnings-growth ratio of 2.02 and a beta of 0.97. Cerner Co. has a 1-year low of $52.05 and a 1-year high of $73.86.

Cerner (NASDAQ:CERN) last posted its quarterly earnings data 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. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Cerner had a return on equity of 15.26% and a net margin of 16.06%. The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.61 EPS. equities research analysts expect that Cerner Co. will post 2.28 EPS for the current fiscal year.

CERN has been the topic of a number of analyst reports. Royal Bank of Canada reiterated a “buy” rating and issued a $72.00 price target on shares of Cerner in a report on Friday, August 3rd. KeyCorp lifted their price target on Cerner from $71.00 to $74.00 and gave the company an “overweight” rating in a report on Friday, August 3rd. SunTrust Banks lifted their price target on Cerner to $65.00 and gave the company a “hold” rating in a report on Monday, August 6th. Cantor Fitzgerald reiterated a “buy” rating and issued a $80.00 price target on shares of Cerner in a report on Wednesday, September 12th. Finally, BidaskClub upgraded Cerner from a “sell” rating to a “hold” rating in a report on Friday, July 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $71.71.

About Cerner

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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