Cerner Corporation (CERN) Shares Sold by Bank of New York Mellon Corp
Bank of New York Mellon Corp lessened its position in shares of Cerner Corporation (NASDAQ:CERN) by 1.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,360,173 shares of the company’s stock after selling 186,445 shares during the period. Bank of New York Mellon Corp owned about 5.22% of Cerner Corporation worth $1,238,127,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. ETF Managers Group LLC bought a new position in Cerner Corporation during the 2nd quarter worth approximately $157,000. Advisory Services Network LLC lifted its holdings in Cerner Corporation by 4.4% during the 2nd quarter. Advisory Services Network LLC now owns 1,648 shares of the company’s stock worth $110,000 after buying an additional 70 shares during the last quarter. Acrospire Investment Management LLC lifted its holdings in Cerner Corporation by 100.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,800 shares of the company’s stock worth $120,000 after buying an additional 900 shares during the last quarter. Pacad Investment Ltd. bought a new position in Cerner Corporation during the 2nd quarter worth approximately $130,000. Finally, Sun Life Financial INC lifted its holdings in Cerner Corporation by 23,700.0% during the 2nd quarter. Sun Life Financial INC now owns 2,142 shares of the company’s stock worth $142,000 after buying an additional 2,133 shares during the last quarter. 78.26% of the stock is currently owned by institutional investors.
In related news, Chairman Clifford W. Illig sold 4,000 shares of Cerner Corporation stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $65.96, for a total value of $263,840.00. Following the transaction, the chairman now directly owns 1,229,719 shares in the company, valued at approximately $81,112,265.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Randy D. Sims sold 60,000 shares of Cerner Corporation stock in a transaction on Friday, September 1st. The stock was sold at an average price of $68.03, for a total value 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 have sold 257,470 shares of company stock worth $17,695,482. 13.20% of the stock is owned by insiders.
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Shares of Cerner Corporation (NASDAQ CERN) traded up $0.16 during mid-day trading on Tuesday, hitting $65.47. The stock had a trading volume of 1,398,800 shares, compared to its average volume of 2,380,399. Cerner Corporation has a one year low of $47.01 and a one year high of $73.86. The firm has a market cap of $21,710.02, a PE ratio of 28.90, a PEG ratio of 2.10 and a beta of 0.93. The company has a current ratio of 2.77, a quick ratio of 2.75 and a debt-to-equity ratio of 0.11.
Cerner Corporation (NASDAQ:CERN) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.01). Cerner Corporation had a net margin of 13.37% and a return on equity of 18.03%. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the business posted $0.59 earnings per share. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. sell-side analysts predict that Cerner Corporation will post 2.26 EPS for the current year.
A number of research firms have commented on CERN. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Cerner Corporation in a report on Wednesday, October 25th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Cerner Corporation in a report on Sunday, October 29th. Zacks Investment Research downgraded Cerner Corporation from a “buy” rating to a “sell” rating in a report on Tuesday, October 31st. BidaskClub downgraded Cerner Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $69.00 target price on shares of Cerner Corporation in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $69.79.
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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