Cetera Advisors LLC Lowers Holdings in Cerner Co. (NASDAQ:CERN)

Cetera Advisors LLC lowered its stake in Cerner Co. (NASDAQ:CERN) by 7.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,825 shares of the company’s stock after selling 1,209 shares during the period. Cetera Advisors LLC’s holdings in Cerner were worth $778,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Bank of New York Mellon Corp increased its stake in Cerner by 191,922.4% during the third quarter. Bank of New York Mellon Corp now owns 15,043,035 shares of the company’s stock valued at $968,920,000 after acquiring an additional 15,035,201 shares during the period. Oregon Public Employees Retirement Fund increased its stake in Cerner by 4,852.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,597,804 shares of the company’s stock valued at $69,000 after acquiring an additional 3,525,157 shares during the period. Parnassus Investments CA increased its stake in Cerner by 36.5% during the fourth quarter. Parnassus Investments CA now owns 9,829,823 shares of the company’s stock valued at $515,476,000 after acquiring an additional 2,626,045 shares during the period. BlackRock Inc. increased its stake in Cerner by 5.4% during the fourth quarter. BlackRock Inc. now owns 22,078,769 shares of the company’s stock valued at $1,157,811,000 after acquiring an additional 1,122,165 shares during the period. Finally, MERIAN GLOBAL INVESTORS UK Ltd increased its stake in Cerner by 57.6% during the fourth quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,643,785 shares of the company’s stock valued at $138,640,000 after acquiring an additional 966,603 shares during the period. 80.81% of the stock is owned by institutional investors.

A number of research firms have weighed in on CERN. Cantor Fitzgerald reaffirmed a “buy” rating and set a $75.00 price objective on shares of Cerner in a report on Tuesday, April 9th. SunTrust Banks raised Cerner from a “hold” rating to a “buy” rating and lifted their price objective for the company from $60.00 to $76.00 in a report on Wednesday, April 10th. Citigroup set a $77.00 price objective on Cerner and gave the company a “buy” rating in a report on Wednesday, April 10th. Zacks Investment Research raised Cerner from a “sell” rating to a “hold” rating in a report on Tuesday, March 26th. Finally, BidaskClub raised Cerner from a “sell” rating to a “hold” rating in a report on Wednesday, January 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. Cerner currently has a consensus rating of “Buy” and an average price target of $68.67.

NASDAQ:CERN traded up $0.31 during trading hours on Friday, hitting $62.71. 2,577,452 shares of the stock were exchanged, compared to its average volume of 2,669,411. Cerner Co. has a twelve month low of $48.78 and a twelve month high of $67.57. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.38 and a current ratio of 2.41. The company has a market cap of $20.34 billion, a price-to-earnings ratio of 28.38, a P/E/G ratio of 1.96 and a beta of 0.97.

Cerner (NASDAQ:CERN) last posted its quarterly earnings data on Tuesday, February 5th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.06. Cerner had a return on equity of 14.84% and a net margin of 11.74%. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the business earned $0.58 EPS. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, equities analysts predict that Cerner Co. will post 2.39 EPS for the current fiscal year.

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Cerner Profile

Cerner Corporation provides health care information technology solutions and tech-enabled services in the United States and internationally. The company offers Cerner Millennium architecture, a person-centric computing framework, which includes clinical, financial, and management information systems that allow providers to access an individual's electronic health record (EHR) at the point of care, and organizes and delivers information for physicians, nurses, laboratory technicians, pharmacists, front- and back-office professionals, and consumers.

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Institutional Ownership by Quarter for Cerner (NASDAQ:CERN)

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