Alta Capital Management LLC lowered its stake in Cerner Corp. (NASDAQ:CERN) by 0.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 265,636 shares of the company’s stock after selling 2,224 shares during the period. Alta Capital Management LLC owned approximately 0.08% of Cerner Corp. worth $16,403,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of CERN. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in Cerner Corp. by 615.5% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 7,155 shares of the company’s stock valued at $419,000 after buying an additional 6,155 shares during the last quarter. Webster Bank N. A. increased its position in Cerner Corp. by 9.4% in the second quarter. Webster Bank N. A. now owns 30,050 shares of the company’s stock valued at $1,761,000 after buying an additional 2,576 shares during the last quarter. LGT Capital Partners LTD. increased its position in Cerner Corp. by 13.6% in the second quarter. LGT Capital Partners LTD. now owns 117,000 shares of the company’s stock valued at $6,856,000 after buying an additional 14,000 shares during the last quarter. Alpha Windward LLC increased its position 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. Finally, Chevy Chase Trust Holdings Inc. increased its position in Cerner Corp. by 0.7% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 257,447 shares of the company’s stock valued at $15,086,000 after buying an additional 1,699 shares during the last quarter. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Cerner Corp. (NASDAQ:CERN)

Shares of Cerner Corp. (NASDAQ:CERN) traded up 0.97% during mid-day trading on Monday, hitting $50.98. 1,377,257 shares of the company were exchanged. Cerner Corp. has a 12-month low of $48.04 and a 12-month high of $67.50. The firm has a market capitalization of $17.31 billion, a P/E ratio of 26.96 and a beta of 1.11. The company’s 50-day moving average price is $55.35 and its 200-day moving average price is $59.01.

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

WARNING: This piece was originally published by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of U.S. and international copyright laws. The original version of this piece can be accessed at https://www.thecerbatgem.com/2016/11/28/alta-capital-management-llc-has-16403000-stake-in-cerner-corp-cern.html.

CERN has been the subject of a number of recent analyst reports. Vetr cut shares of Cerner Corp. from a “hold” rating to a “sell” rating and set a $64.78 price target for the company. in a report on Monday, August 8th. Deutsche Bank AG upped their price target on shares of Cerner Corp. from $66.00 to $70.00 and gave the company a “buy” rating in a report on Monday, August 15th. JPMorgan Chase & Co. restated a “buy” rating on shares of Cerner Corp. in a report on Wednesday, August 3rd. Cowen and Company cut shares of Cerner Corp. from an “outperform” rating to a “market perform” rating and set a $65.00 price target for the company. in a report on Thursday, September 8th. Finally, Stifel Nicolaus initiated coverage on shares of Cerner Corp. in a report on Wednesday, August 31st. They set a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $64.88.

In related news, Director William D. Zollars sold 10,000 shares of Cerner Corp. 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Linda M. Dillman sold 6,000 shares of Cerner Corp. stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $64.68, for a total value of $388,080.00. The disclosure for this sale can be found here. Corporate insiders own 13.20% of the company’s stock.

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.

5 Day Chart for NASDAQ:CERN

Receive News & Stock Ratings for Cerner Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cerner Corp. and related stocks with our FREE daily email newsletter.