Swiss National Bank Has $78.09 Million Position in Cerner Corporation (CERN)
Swiss National Bank boosted its position in shares of Cerner Corporation (NASDAQ:CERN) by 1.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,094,872 shares of the company’s stock after acquiring an additional 10,700 shares during the period. Swiss National Bank owned 329,364.06% of Cerner Corporation worth $78,086,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of CERN. Thrivent Financial For Lutherans lifted its position in Cerner Corporation by 2.8% during the first quarter. Thrivent Financial For Lutherans now owns 10,780 shares of the company’s stock valued at $634,000 after acquiring an additional 290 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Cerner Corporation by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 649,388 shares of the company’s stock valued at $38,217,000 after purchasing an additional 9,659 shares in the last quarter. State of Alaska Department of Revenue increased its stake in Cerner Corporation by 6.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 4,015 shares of the company’s stock valued at $266,000 after purchasing an additional 260 shares in the last quarter. National Pension Service increased its stake in Cerner Corporation by 5.6% during the 2nd quarter. National Pension Service now owns 274,212 shares of the company’s stock valued at $18,134,000 after purchasing an additional 14,559 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. increased its stake in Cerner Corporation by 0.5% during the 2nd quarter. Chevy Chase Trust Holdings Inc. now owns 255,570 shares of the company’s stock valued at $16,988,000 after purchasing an additional 1,208 shares in the last quarter. 78.64% of the stock is owned by institutional investors.
A number of brokerages have issued reports on CERN. Royal Bank Of Canada lowered shares of Cerner Corporation from a “top pick” rating to an “outperform” rating and cut their price target for the company from $84.00 to $74.00 in a research note on Thursday, November 2nd. Zacks Investment Research lowered shares of Cerner Corporation from a “buy” rating to a “sell” rating in a research note on Tuesday, October 31st. Robert W. Baird upgraded shares of Cerner Corporation from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $67.00 to $76.00 in a research note on Tuesday, October 31st. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $75.00 price objective on shares of Cerner Corporation in a research note on Monday, October 30th. Finally, Jefferies Group LLC reiterated a “buy” rating on shares of Cerner Corporation in a research note on Sunday, October 29th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have assigned a buy rating to the stock. Cerner Corporation currently has a consensus rating of “Hold” and an average price target of $69.79.
Shares of Cerner Corporation (NASDAQ:CERN) opened at $65.31 on Friday. Cerner Corporation has a 12-month low of $47.01 and a 12-month high of $73.86. The firm has a market cap of $21,710.02, a PE ratio of 28.90, a price-to-earnings-growth ratio of 2.10 and a beta of 0.93. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.75 and a current ratio of 2.77.
Cerner Corporation (NASDAQ:CERN) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.01). Cerner Corporation had a net margin of 13.37% and a return on equity of 18.03%. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the business earned $0.59 earnings per share. Cerner Corporation’s revenue was up 7.7% on a year-over-year basis. equities research analysts anticipate that Cerner Corporation will post 2.26 EPS for the current year.
In related news, COO Michael Nill sold 99,470 shares of Cerner Corporation stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $70.45, for a total value of $7,007,661.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Clifford W. Illig sold 4,000 shares of Cerner Corporation stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $65.96, for a total transaction of $263,840.00. Following the completion of the transaction, the chairman now owns 1,229,719 shares of the company’s stock, valued at approximately $81,112,265.24. The disclosure for this sale can be found here. Insiders sold 257,470 shares of company stock valued at $17,695,482 in the last 90 days. Company insiders own 13.20% of the company’s stock.
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About Cerner Corporation
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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