JPMorgan Chase & Co. reissued their buy rating on shares of Cerner Corp. (NASDAQ:CERN) in a research report report published on Thursday morning.

Other research analysts have also issued reports about the company. Citigroup Inc. raised their price objective on Cerner Corp. from $65.00 to $73.00 and gave the company a buy rating in a research report on Wednesday, August 3rd. Barclays PLC raised their price objective on Cerner Corp. from $55.00 to $67.00 and gave the company an overweight rating in a research report on Wednesday, August 3rd. Jefferies Group reissued a buy rating and issued a $68.00 price objective on shares of Cerner Corp. in a research report on Thursday, November 3rd. TheStreet lowered Cerner Corp. from a buy rating to a hold rating in a research report on Friday, November 11th. Finally, Canaccord Genuity reissued a buy rating and issued a $68.00 price objective on shares of Cerner Corp. in a research report on Sunday, September 11th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Buy and an average price target of $65.11.

Shares of Cerner Corp. (NASDAQ:CERN) traded up 0.36% during mid-day trading on Thursday, hitting $49.77. The company had a trading volume of 825,559 shares. The stock’s 50-day moving average is $57.06 and its 200-day moving average is $59.18. The stock has a market cap of $16.90 billion, a price-to-earnings ratio of 26.32 and a beta of 1.11. Cerner Corp. has a 52-week low of $48.04 and a 52-week high of $67.50.

Cerner Corp. (NASDAQ:CERN) last issued its earnings results on Tuesday, November 1st. The company reported $0.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by $0.01. Cerner Corp. had a net margin of 13.85% and a return on equity of 18.39%. The firm earned $1.19 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the previous year, the business posted $0.54 EPS. Cerner Corp.’s revenue was up 5.1% compared to the same quarter last year. Equities analysts forecast that Cerner Corp. will post $2.30 earnings per share for the current year.

In related news, Director Linda M. Dillman sold 6,000 shares of the stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $64.68, for a total value of $388,080.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William D. Zollars sold 10,000 shares of the stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $51.50, for a total transaction of $515,000.00. The disclosure for this sale can be found here. 13.20% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Washington Trust Bank raised its position in Cerner Corp. by 0.4% in the third quarter. Washington Trust Bank now owns 3,664 shares of the company’s stock valued at $226,000 after buying an additional 13 shares during the period. Alpha Windward LLC raised its stake in Cerner Corp. by 2.2% in the second quarter. Alpha Windward LLC now owns 2,061 shares of the company’s stock valued at $121,000 after buying an additional 44 shares during the last quarter. Ranger Investment Management L.P. raised its stake in Cerner Corp. by 1.1% in the second quarter. Ranger Investment Management L.P. now owns 4,580 shares of the company’s stock valued at $268,000 after buying an additional 50 shares during the last quarter. Laurel Wealth Advisors Inc. raised its stake in Cerner Corp. by 1.3% in the third quarter. Laurel Wealth Advisors Inc. now owns 3,866 shares of the company’s stock valued at $239,000 after buying an additional 50 shares during the last quarter. Finally, Pacer Advisors Inc. raised its stake in Cerner Corp. by 0.5% in the second quarter. Pacer Advisors Inc. now owns 10,226 shares of the company’s stock valued at $599,000 after buying an additional 55 shares during the last quarter. 82.43% of the stock is owned by hedge funds and other institutional investors.

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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