State Board of Administration of Florida Retirement System grew its position in shares of Cerner Co. (NASDAQ:CERN) by 0.5% during the third quarter, Holdings Channel reports. The fund owned 412,571 shares of the company’s stock after purchasing an additional 1,889 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Cerner were worth $26,574,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CERN. Icon Wealth Partners LLC bought a new stake in shares of Cerner during the 2nd quarter worth $102,000. CWM LLC raised its stake in shares of Cerner by 880.5% during the 2nd quarter. CWM LLC now owns 2,510 shares of the company’s stock worth $150,000 after purchasing an additional 2,254 shares during the period. Alpha Windward LLC bought a new stake in shares of Cerner during the 2nd quarter worth $160,000. Qube Research & Technologies Ltd raised its stake in shares of Cerner by 85.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 2,898 shares of the company’s stock worth $173,000 after purchasing an additional 1,335 shares during the period. Finally, Raymond James Trust N.A. bought a new stake in shares of Cerner during the 3rd quarter worth $201,000. 76.33% of the stock is currently owned by hedge funds and other institutional investors.

In other news, EVP Julie M. Wilson sold 67,574 shares of the company’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $64.73, for a total transaction of $4,374,065.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Vice Chairman Clifford W. Illig sold 250,000 shares of the company’s stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $57.53, for a total value of $14,382,500.00. Following the sale, the insider now owns 1,229,719 shares in the company, valued at $70,745,734.07. The disclosure for this sale can be found here. Insiders sold a total of 1,134,070 shares of company stock worth $71,159,251 over the last 90 days. 4.71% of the stock is currently owned by company insiders.

A number of equities research analysts have recently commented on CERN shares. Zacks Investment Research cut Cerner from a “hold” rating to a “sell” rating in a research note on Monday, October 8th. Cantor Fitzgerald reiterated a “buy” rating and set a $80.00 target price on shares of Cerner in a research note on Wednesday, September 12th. Barclays lowered their target price on Cerner from $70.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Friday, October 26th. BidaskClub cut Cerner from a “hold” rating to a “sell” rating in a research note on Friday, August 31st. Finally, KeyCorp lifted their target price on Cerner from $71.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday, August 3rd. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $69.98.

Shares of Cerner stock opened at $58.54 on Thursday. Cerner Co. has a 52-week low of $50.91 and a 52-week high of $73.43. The stock has a market capitalization of $18.98 billion, a P/E ratio of 26.61, a PEG ratio of 1.88 and a beta of 0.96. The company has a current ratio of 2.63, a quick ratio of 2.60 and a debt-to-equity ratio of 0.09.

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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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