November 25, 2016 - By Marguerite Chambers · 0 Comments
Cerner Corp (NASDAQ:CERN) institutional sentiment decreased to 1 in 2016 Q2. Its down -0.19, from 1.19 in 2016Q1. The ratio dived, as 307 hedge funds started new and increased holdings, while 258 sold and trimmed positions in Cerner Corp. The hedge funds in our partner’s database now own: 261.84 million shares, down from 265.64 million shares in 2016Q1. Also, the number of hedge funds holding Cerner Corp in their top 10 holdings increased from 6 to 10 for an increase of 4. Sold All: 55 Reduced: 203 Increased: 236 New Position: 71.
Cerner Corporation is a supplier of healthcare information technology . The company has a market cap of $17.32 billion. The Firm offers a range of intelligent solutions and services that support the clinical, financial and operational needs of organizations. It has a 26.77 P/E ratio. The Company’s divisions include Domestic and Global.
About 874,511 shares traded hands. Cerner Corporation (NASDAQ:CERN) has declined 13.67% since April 22, 2016 and is downtrending. It has underperformed by 19.08% the S&P500.
Analysts await Cerner Corporation (NASDAQ:CERN) to report earnings on February, 21. They expect $0.57 EPS, down 1.72% or $0.01 from last year’s $0.58 per share. CERN’s profit will be $195.30M for 22.17 P/E if the $0.57 EPS becomes a reality. After $0.55 actual EPS reported by Cerner Corporation for the previous quarter, Wall Street now forecasts 3.64% EPS growth.
According to Zacks Investment Research, “Cerner Corp. designs, develops, markets, installs and supports information technology and content solutions for healthcare organizations and consumers that are capable of being implemented on an individual, combined or enterprise-wide basis and are accessible over the internet by consumers, physicians and healthcare providers. Cerner’s integrated suite of solutions enable healthcare providers to improve operating effectiveness, reduce costs and improve the quality of care as measured by clinical outcomes.”
Generation Investment Management Llp holds 7.39% of its portfolio in Cerner Corporation for 10.89 million shares. Shearlink Capital Llc owns 239,790 shares or 6.12% of their US portfolio. Moreover, Prentiss Smith & Co Inc has 4.42% invested in the company for 133,831 shares. The Connecticut-based Sustainable Growth Advisers Lp has invested 4.17% in the stock. Ci Global Investments Inc., a Ontario – Canada-based fund reported 2.46 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 10 sales for $73.95 million net activity.
Ratings analysis reveals 71% of Cerner Corporation’s analysts are positive. Out of 17 Wall Street analysts rating Cerner Corporation, 12 give it “Buy”, 1 “Sell” rating, while 4 recommend “Hold”. The lowest target is $48 while the high is $87. The stock’s average target of $69 is 36.44% above today’s ($50.57) share price. CERN was included in 36 notes of analysts from August 5, 2015. The rating was upgraded by RBC Capital Markets to “Outperform” on Tuesday, September 29. Jefferies reinitiated Cerner Corporation (NASDAQ:CERN) on Friday, October 16 with “Buy” rating. The company was upgraded on Thursday, June 23 by Suntrust Robinson. As per Sunday, August 23, the company rating was maintained by Deutsche Bank. On Monday, September 19 the stock rating was initiated by Bank of America with “Buy”. The stock has “Buy” rating given by Canaccord Genuity on Wednesday, September 16. On Wednesday, November 2 the stock rating was downgraded by Robert W. Baird to “Neutral”. The firm has “Hold” rating given on Wednesday, August 31 by Stifel Nicolaus. The rating was upgraded by RBC Capital Markets to “Top Pick” on Thursday, January 7. Deutsche Bank maintained the shares of CERN in a report on Tuesday, November 10 with “Buy” rating.
Cerner Corporation (Cerner) incorporated on October 6, 1986, is a supplier of healthcare information technology (HCIT). The Firm offers a range of intelligent solutions and services that support the clinical, financial and operational needs of organizations. The Company’s divisions include Domestic and Global. The Domestic segment includes the business activity in the United States. The Global segment includes the business activity in Aruba, Australia, Austria, Belgium, Brazil, Canada, Cayman Islands, Chile, Denmark, Egypt, England, Finland, France, Germany, Guam, India, Ireland, Luxembourg, Malaysia, Mexico, Netherlands, Norway, Portugal, Qatar, Romania, Saudi Arabia, Singapore, Slovakia, Spain, Sweden, Switzerland and the United Arab Emirates. The Firm offers software, hardware, professional and managed services. The Firm has systems in over 20,000 facilities across the world, including hospitals, physician practices, laboratories, ambulatory centers, behavioral health centers, cardiac facilities, radiology clinics, surgery centers, extended care facilities, retail pharmacies and employer sites.
Another recent and important Cerner Corporation (NASDAQ:CERN) news was published by Fool.com which published an article titled: “Cerner Corporation Disappoints in Q3 With Weak System Sales” on November 02, 2016.
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By Marguerite Chambers