Trillium Asset Management LLC Has $12,407,000 Position in Cerner Corp. (CERN)
Trillium Asset Management LLC raised its stake in shares of Cerner Corp. (NASDAQ:CERN) by 111.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 211,718 shares of the company’s stock after buying an additional 111,761 shares during the period. Trillium Asset Management LLC owned about 0.06% of Cerner Corp. worth $12,407,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Loomis Sayles & Co. L P raised its position in Cerner Corp. by 56.7% in the first quarter. Loomis Sayles & Co. L P now owns 6,953,349 shares of the company’s stock worth $368,249,000 after buying an additional 2,517,398 shares in the last quarter. Renaissance Technologies LLC raised its position in Cerner Corp. by 894.2% in the first quarter. Renaissance Technologies LLC now owns 817,604 shares of the company’s stock worth $43,300,000 after buying an additional 735,365 shares in the last quarter. Scharf Investments LLC raised its position in Cerner Corp. by 43.5% in the first quarter. Scharf Investments LLC now owns 2,101,147 shares of the company’s stock worth $111,277,000 after buying an additional 637,168 shares in the last quarter. PGGM Investments purchased a new position in Cerner Corp. during the second quarter worth $32,321,000. Finally, Alta Capital Management LLC purchased a new position in Cerner Corp. during the second quarter worth $15,696,000. 81.39% of the stock is owned by institutional investors and hedge funds.
Shares of Cerner Corp. (NASDAQ:CERN) traded down 0.81% during trading on Tuesday, reaching $60.92. 1,105,710 shares of the company traded hands. Cerner Corp. has a 12-month low of $49.59 and a 12-month high of $68.31. The company has a 50 day moving average price of $63.59 and a 200 day moving average price of $58.99. The firm has a market capitalization of $20.57 billion, a price-to-earnings ratio of 33.45 and a beta of 0.79.
Cerner Corp. (NASDAQ:CERN) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. Cerner Corp. had a net margin of 13.53% and a return on equity of 18.57%. The business earned $1.22 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the previous year, the company earned $0.52 EPS. The business’s revenue was up 8.0% on a year-over-year basis. On average, equities analysts predict that Cerner Corp. will post $2.36 EPS for the current year.
A number of research analysts have weighed in on CERN shares. Raymond James Financial Inc. lowered shares of Cerner Corp. from an “outperform” rating to a “market perform” rating and set a $64.57 target price for the company. in a research report on Tuesday, July 5th. Canaccord Genuity reissued a “buy” rating and set a $68.00 target price on shares of Cerner Corp. in a research report on Sunday, September 11th. Vetr lowered shares of Cerner Corp. from a “hold” rating to a “sell” rating and set a $64.78 target price for the company. in a research report on Monday, August 8th. Stifel Nicolaus started coverage on shares of Cerner Corp. in a research report on Wednesday, August 31st. They set a “hold” rating for the company. Finally, Bank of America Corp. started coverage on shares of Cerner Corp. in a research report on Monday, September 19th. They set a “neutral” rating and a $67.00 target price for the company. Nine equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $66.35.
In other Cerner Corp. news, VP Michael R. Battaglioli sold 2,000 shares of Cerner Corp. stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $67.34, for a total value of $134,680.00. Following the completion of the sale, the vice president now owns 2,000 shares in the company, valued at approximately $134,680. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Neal L. Patterson sold 428,638 shares of Cerner Corp. stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $67.14, for a total transaction of $28,778,755.32. The disclosure for this sale can be found here. 13.20% of the stock is currently owned by company insiders.
About Cerner Corp.
Cerner Corporation 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. Its segments include Domestic and Global. The Domestic segment includes the business activity in the United States.
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