Tudor Investment Corp ET AL acquired a new stake in shares of Cerner Corporation (NASDAQ:CERN) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,893 shares of the company’s stock, valued at approximately $724,000.

A number of other hedge funds also recently modified their holdings of the stock. Waldron LP acquired a new stake in Cerner Corporation in the first quarter worth about $339,000. UBS Asset Management Americas Inc. boosted its holdings in Cerner Corporation by 9.7% in the first quarter. UBS Asset Management Americas Inc. now owns 793,146 shares of the company’s stock worth $46,677,000 after acquiring an additional 70,424 shares in the last quarter. Sei Investments Co. boosted its holdings in Cerner Corporation by 23.1% in the first quarter. Sei Investments Co. now owns 16,610 shares of the company’s stock worth $977,000 after acquiring an additional 3,121 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Cerner Corporation by 41.1% in the first quarter. Victory Capital Management Inc. now owns 26,958 shares of the company’s stock worth $1,586,000 after acquiring an additional 7,859 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its holdings in Cerner Corporation by 8.5% in the first quarter. Neuberger Berman Group LLC now owns 30,075 shares of the company’s stock worth $1,770,000 after acquiring an additional 2,354 shares in the last quarter. 78.94% of the stock is currently owned by institutional investors.

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Cerner Corporation (NASDAQ:CERN) opened at 71.52 on Friday. The company’s 50-day moving average price is $68.86 and its 200 day moving average price is $64.92. The stock has a market capitalization of $23.71 billion, a PE ratio of 36.14 and a beta of 0.95. Cerner Corporation has a 12 month low of $47.01 and a 12 month high of $72.82.

Cerner Corporation (NASDAQ:CERN) last issued its earnings results on Thursday, July 27th. The company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.01). The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Cerner Corporation had a return on equity of 18.18% and a net margin of 13.47%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the company posted $0.58 earnings per share. On average, analysts forecast that Cerner Corporation will post $2.50 earnings per share for the current fiscal year.

Several brokerages have weighed in on CERN. Morgan Stanley raised Cerner Corporation from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $59.00 to $62.00 in a report on Thursday, August 10th. BidaskClub downgraded Cerner Corporation from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 15th. Royal Bank Of Canada began coverage on Cerner Corporation in a report on Tuesday, September 19th. They issued a “top pick” rating and a $84.00 price target for the company. Zacks Investment Research downgraded Cerner Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $69.00 price target on shares of Cerner Corporation in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Cerner Corporation presently has a consensus rating of “Hold” and a consensus price target of $67.00.

In other news, President Zane M. Burke sold 94,000 shares of the stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $67.47, for a total transaction of $6,342,180.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Clifford W. Illig sold 118,113 shares of the stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $62.03, for a total value of $7,326,549.39. Following the transaction, the chairman now directly owns 1,229,719 shares of the company’s stock, valued at $76,279,469.57. The disclosure for this sale can be found here. Over the last three months, insiders have sold 371,583 shares of company stock valued at $24,758,191. Company insiders own 13.20% of the company’s stock.

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.

Institutional Ownership by Quarter for Cerner Corporation (NASDAQ:CERN)

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