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 hedge funds have recently bought and sold shares of the company. Parametric Portfolio Associates LLC boosted its stake in shares of Cerner by 14.0% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 632,386 shares of the company’s stock worth $45,102,000 after acquiring an additional 77,541 shares in the last quarter. AXA boosted its stake in shares of Cerner by 7.1% during the 3rd quarter. AXA now owns 953,078 shares of the company’s stock worth $67,974,000 after acquiring an additional 63,417 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in shares of Cerner during the 3rd quarter worth about $128,000. Archford Capital Strategies LLC boosted its stake in shares of Cerner by 1,286.0% during the 3rd quarter. Archford Capital Strategies LLC now owns 2,980 shares of the company’s stock worth $213,000 after acquiring an additional 2,765 shares in the last quarter. Finally, Moors & Cabot Inc. purchased a new stake in shares of Cerner during the 3rd quarter worth about $221,000. 82.06% of the stock is currently owned by institutional investors and hedge funds.

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.

ILLEGAL ACTIVITY WARNING: “Cerner Co. (CERN) President Zane M. Burke Sells 50,000 Shares” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another publication, it was stolen and republished in violation of U.S. and international trademark & copyright laws. The correct version of this report can be read at https://www.thecerbatgem.com/2017/12/14/cerner-co-cern-president-zane-m-burke-sells-50000-shares.html.

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.

Insider Buying and Selling by Quarter for Cerner (NASDAQ:CERN)

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