Cerner Corporation (CERN) Holdings Maintained by Eaton Vance Management
Eaton Vance Management held its position in Cerner Corporation (NASDAQ:CERN) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 4,049 shares of the company’s stock at the end of the second quarter. Eaton Vance Management’s holdings in Cerner Corporation were worth $269,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the company. CIBC World Markets Inc. boosted its stake in shares of Cerner Corporation by 339.4% during the 2nd quarter. CIBC World Markets Inc. now owns 38,072 shares of the company’s stock worth $2,531,000 after buying an additional 29,408 shares during the last quarter. Commonwealth Bank of Australia boosted its stake in shares of Cerner Corporation by 7.0% during the 2nd quarter. Commonwealth Bank of Australia now owns 17,847 shares of the company’s stock worth $1,185,000 after buying an additional 1,162 shares during the last quarter. Old Mutual Global Investors UK Ltd. acquired a new position in shares of Cerner Corporation during the 2nd quarter worth about $9,785,000. Polaris Greystone Financial Group LLC boosted its stake in shares of Cerner Corporation by 3.3% during the 2nd quarter. Polaris Greystone Financial Group LLC now owns 26,416 shares of the company’s stock worth $1,756,000 after buying an additional 836 shares during the last quarter. Finally, Calamos Advisors LLC boosted its stake in shares of Cerner Corporation by 2.7% during the 2nd quarter. Calamos Advisors LLC now owns 54,003 shares of the company’s stock worth $3,590,000 after buying an additional 1,431 shares during the last quarter. Institutional investors own 78.92% of the company’s stock.
In other Cerner Corporation news, COO Michael Nill sold 99,470 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $70.45, for a total value of $7,007,661.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Randy D. Sims sold 60,000 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $68.03, for a total transaction of $4,081,800.00. Following the completion of the transaction, the senior vice president now owns 60,890 shares in the company, valued at $4,142,346.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 371,583 shares of company stock worth $24,758,191. Corporate insiders own 13.20% of the company’s stock.
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A number of equities analysts have recently commented on CERN shares. Cantor Fitzgerald restated a “buy” rating and set a $77.00 price objective (up from $68.00) on shares of Cerner Corporation in a research note on Monday, June 5th. Canaccord Genuity restated a “buy” rating and set a $69.00 price objective on shares of Cerner Corporation in a research note on Wednesday, September 6th. BidaskClub upgraded shares of Cerner Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. J P Morgan Chase & Co restated an “overweight” rating and set a $72.00 price objective (up from $65.00) on shares of Cerner Corporation in a research note on Tuesday, June 6th. Finally, Robert W. Baird restated a “hold” rating and set a $67.00 price objective on shares of Cerner Corporation in a research note on Thursday, August 31st. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $67.11.
Cerner Corporation (NASDAQ:CERN) opened at 71.07 on Thursday. The firm has a 50-day moving average of $66.04 and a 200 day moving average of $63.61. Cerner Corporation has a 12-month low of $47.01 and a 12-month high of $72.27. The company has a market capitalization of $23.57 billion, a PE ratio of 35.91 and a beta of 0.95.
Cerner Corporation (NASDAQ:CERN) last released its earnings results on Thursday, July 27th. The company reported $0.56 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.01). The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Cerner Corporation had a net margin of 13.47% and a return on equity of 18.18%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.58 earnings per share. Analysts forecast that Cerner Corporation will post $2.50 EPS for the current fiscal year.
Cerner Corporation Company Profile
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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