Motley Fool Asset Management LLC Has $290,000 Stake in Cerner Co. (CERN)

Motley Fool Asset Management LLC lifted its stake in Cerner Co. (NASDAQ:CERN) by 17.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,063 shares of the company’s stock after purchasing an additional 735 shares during the period. Motley Fool Asset Management LLC’s holdings in Cerner were worth $290,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Brown Advisory Inc. increased its stake in shares of Cerner by 6.6% in the 4th quarter. Brown Advisory Inc. now owns 11,983 shares of the company’s stock worth $629,000 after purchasing an additional 740 shares in the last quarter. Parnassus Investments CA increased its stake in shares of Cerner by 36.5% in the 4th quarter. Parnassus Investments CA now owns 9,829,823 shares of the company’s stock worth $515,476,000 after purchasing an additional 2,626,045 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Cerner by 6.5% in the 4th quarter. Legal & General Group Plc now owns 1,635,943 shares of the company’s stock worth $85,772,000 after purchasing an additional 99,225 shares in the last quarter. Reinhart Partners Inc. increased its stake in shares of Cerner by 3.0% in the 1st quarter. Reinhart Partners Inc. now owns 304,317 shares of the company’s stock worth $17,410,000 after purchasing an additional 8,932 shares in the last quarter. Finally, First Command Bank purchased a new stake in shares of Cerner in the 4th quarter worth $122,000. Hedge funds and other institutional investors own 80.16% of the company’s stock.

In other Cerner news, EVP Randy D. Sims sold 48,000 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $69.27, for a total transaction of $3,324,960.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director R Halsey Wise acquired 7,600 shares of the company’s stock in a transaction on Tuesday, April 30th. The shares were bought at an average cost of $65.76 per share, with a total value of $499,776.00. The disclosure for this purchase can be found here. 4.71% of the stock is owned by corporate insiders.

Several research firms have recently commented on CERN. BidaskClub upgraded Cerner from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. ValuEngine upgraded Cerner from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Cantor Fitzgerald reiterated an “overweight” rating on shares of Cerner in a research note on Monday, April 29th. Robert W. Baird increased their price target on Cerner from $67.00 to $71.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. Finally, Morgan Stanley set a $49.00 price target on Cerner and gave the stock a “sell” rating in a research note on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $68.67.

Shares of CERN stock opened at $68.48 on Friday. Cerner Co. has a 52-week low of $48.78 and a 52-week high of $69.65. The company has a quick ratio of 2.55, a current ratio of 2.58 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $22.42 billion, a price-to-earnings ratio of 30.99, a price-to-earnings-growth ratio of 2.11 and a beta of 1.03.

Cerner (NASDAQ:CERN) last issued its quarterly earnings results on Thursday, April 25th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.06. Cerner had a return on equity of 14.86% and a net margin of 11.65%. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the prior year, the business posted $0.58 EPS. Cerner’s revenue for the quarter was up 7.5% compared to the same quarter last year. Analysts expect that Cerner Co. will post 2.44 EPS for the current year.

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About Cerner

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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