Jaffetilchin Investment Partners LLC purchased a new position in Cerner Co. (NASDAQ:CERN) during the fourth quarter, HoldingsChannel reports. The firm purchased 4,612 shares of the company’s stock, valued at approximately $311,000.

Other large investors have also modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in Cerner by 7.4% in the second quarter. Dimensional Fund Advisors LP now owns 697,200 shares of the company’s stock worth $46,342,000 after purchasing an additional 47,812 shares in the last quarter. State of Wisconsin Investment Board boosted its holdings in Cerner by 16.8% in the third quarter. State of Wisconsin Investment Board now owns 425,712 shares of the company’s stock worth $30,362,000 after purchasing an additional 61,326 shares in the last quarter. Harrington Investments INC bought a new stake in Cerner in the third quarter worth $1,675,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in Cerner by 5.7% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 45,080 shares of the company’s stock worth $3,215,000 after purchasing an additional 2,426 shares in the last quarter. Finally, Shell Asset Management Co. boosted its holdings in Cerner by 201.0% in the third quarter. Shell Asset Management Co. now owns 57,749 shares of the company’s stock worth $3,440,000 after purchasing an additional 38,565 shares in the last quarter. Hedge funds and other institutional investors own 81.82% of the company’s stock.

Shares of Cerner Co. (NASDAQ:CERN) opened at $72.90 on Friday. 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 Co. has a fifty-two week low of $50.33 and a fifty-two week high of $73.86. The stock has a market cap of $24,230.00, a PE ratio of 36.27, a price-to-earnings-growth ratio of 2.18 and a beta of 0.94.

Cerner (NASDAQ:CERN) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.61 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.01). Cerner 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 the consensus estimate of $1.29 billion. During the same quarter last year, the company earned $0.59 earnings per share. The firm’s revenue was up 7.7% on a year-over-year basis. equities research analysts predict that Cerner Co. will post 2.24 EPS for the current fiscal year.

In related news, VP Michael R. Battaglioli sold 4,000 shares of the stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $69.89, for a total value of $279,560.00. Following the completion of the sale, the vice president now owns 4,000 shares in the company, valued at $279,560. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, President Zane M. Burke sold 50,000 shares of the stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $70.00, for a total transaction of $3,500,000.00. The disclosure for this sale can be found here. Insiders have sold 788,000 shares of company stock valued at $52,190,800 over the last 90 days. Corporate insiders own 13.11% of the company’s stock.

A number of equities research analysts recently issued reports on CERN shares. Cantor Fitzgerald reiterated a “buy” rating and issued a $77.00 price objective on shares of Cerner in a report on Tuesday, October 10th. Zacks Investment Research cut shares of Cerner from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. KeyCorp reiterated a “buy” rating and issued a $76.00 price objective on shares of Cerner in a report on Friday, September 22nd. SunTrust Banks reiterated a “buy” rating and issued a $79.00 price objective on shares of Cerner in a report on Thursday, October 19th. Finally, Robert W. Baird upgraded shares of Cerner from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $67.00 to $76.00 in a report on Tuesday, October 31st. Fourteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Cerner currently has an average rating of “Hold” and a consensus price target of $69.83.

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

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