Cerner Co. (CERN) President Zane M. Burke Sells 50,000 Shares
Cerner Co. (NASDAQ:CERN) President Zane M. Burke sold 50,000 shares of the company’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $70.00, for a total value of $3,500,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Cerner Co. (NASDAQ CERN) traded down $1.09 during mid-day trading on Thursday, hitting $68.57. 1,663,487 shares of the stock traded hands, compared to its average volume of 2,359,634. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.75 and a current ratio of 2.77. Cerner Co. has a twelve month low of $47.09 and a twelve month high of $73.86. The stock has a market cap of $23,388.71, a price-to-earnings ratio of 31.13, a P/E/G ratio of 2.27 and a beta of 0.94.
Cerner (NASDAQ:CERN) last posted its 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 had a return on equity of 18.03% and a net margin of 13.37%. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the previous year, the company earned $0.59 earnings per share. The company’s revenue was up 7.7% compared to the same quarter last year. research analysts expect that Cerner Co. will post 2.25 EPS for the current year.
Several equities analysts recently issued reports on CERN shares. Cantor Fitzgerald reissued a “buy” rating and issued a $77.00 target price on shares of Cerner in a research report on Tuesday, October 10th. KeyCorp reissued a “buy” rating and issued a $76.00 target price on shares of Cerner in a research report on Friday, September 22nd. Robert W. Baird reissued a “hold” rating and issued a $67.00 target price on shares of Cerner in a research report on Thursday, August 31st. SunTrust Banks reaffirmed a “buy” rating and issued a $79.00 price target on shares of Cerner in a report on Thursday, October 19th. Finally, Zacks Investment Research lowered shares of Cerner from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $69.50.
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Cerner 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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