Short Interest Buzzer: Is Cerner Corporation (NASDAQ:CERN) a Buy? The Stock Reported Less Sellers

November 29, 2016 - By Clifton Ray   ·   0 Comments

Short Interest Buzzer: Is Cerner Corporation (NASDAQ:CERN) a Buy? The Stock Reported Less Sellers

The stock of Cerner Corporation (NASDAQ:CERN) registered a decrease of 1.98% in short interest. CERN’s total short interest was 16.95M shares in November as published by FINRA. Its down 1.98% from 17.29M shares, reported previously. With 1.75 million shares average volume, it will take short sellers 10 days to cover their CERN’s short positions. The short interest to Cerner Corporation’s float is 6.2%. The stock closed at $50.87 during the last session. It is down 12.53% since April 26, 2016 and is downtrending. It has underperformed by 17.79% the S&P500.

Cerner Corporation is a supplier of healthcare information technology . The company has a market cap of $17.40 billion. The Firm offers a range of intelligent solutions and services that support the clinical, financial and operational needs of organizations. It has a 26.93 P/E ratio. The Company’s divisions include Domestic and Global.

Insitutional Activity: The institutional sentiment decreased to 1 in 2016 Q2. Its down 0.19, from 1.19 in 2016Q1. The ratio dropped, as 55 funds sold all Cerner Corporation shares owned while 203 reduced positions. 71 funds bought stakes while 236 increased positions. They now own 261.84 million shares or 1.43% less from 265.64 million shares in 2016Q1.
Stifel Financial Corporation holds 545,469 shares or 0.15% of its portfolio. Calamos Advsrs Limited Com reported 70,087 shares or 0.03% of all its holdings. Rock Springs Capital Mgmt Lp has 0.09% invested in the company for 20,000 shares. Oppenheimer And last reported 19,873 shares in the company. Beacon Group Inc owns 6,200 shares or 0.08% of their US portfolio. Chevy Chase Hldgs owns 257,447 shares or 0.08% of their US portfolio. Schwab Charles Investment holds 0.06% or 814,446 shares in its portfolio. Foster Motley Inc holds 17,097 shares or 0.2% of its portfolio. The Minnesota-based Somerset Group Inc Ltd Liability Corporation has invested 1.12% in Cerner Corporation (NASDAQ:CERN). Moreover, Ls Limited Liability has 0.04% invested in Cerner Corporation (NASDAQ:CERN) for 11,058 shares. Parallax Volatility Advisers L P last reported 0% of its portfolio in the stock. Winslow Evans And Crocker has 16,400 shares for 0% of their US portfolio. Rfg Advisory Group Ltd Limited Liability Company reported 5,215 shares or 0.27% of all its holdings. Lazard Asset Mgmt Ltd reported 142 shares or 0% of all its holdings. Clough Capital Ltd Partnership has 0.45% invested in the company for 143,035 shares.

Insider Transactions: Since June 1, 2016, the stock had 0 insider buys, and 9 selling transactions for $73.45 million net activity. NAUGHTON MARC G sold $5.94 million worth of stock. ZOLLARS WILLIAM D had sold 10,000 shares worth $515,000 on Monday, November 7. WILSON JULIE M sold 46,923 shares worth $3.16M. $388,080 worth of Cerner Corporation (NASDAQ:CERN) was sold by Dillman Linda M. 428,638 shares were sold by PATTERSON NEAL L, worth $28.78M. Battaglioli Michael R. sold $134,680 worth of Cerner Corporation (NASDAQ:CERN) on Monday, August 8. $21.20M worth of Cerner Corporation (NASDAQ:CERN) shares were sold by ILLIG CLIFFORD W.

Cerner Corporation (NASDAQ:CERN) Ratings Coverage

Out of 17 analysts covering Cerner Corporation (NASDAQ:CERN), 12 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 71% are positive. Cerner Corporation has been the topic of 36 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock of Cerner Corporation (NASDAQ:CERN) earned “Outperform” rating by RBC Capital Markets on Wednesday, December 2. The rating was downgraded by Robert W. Baird to “Neutral” on Wednesday, November 2. The rating was maintained by Topeka Capital Markets on Friday, May 6 with “Buy”. Deutsche Bank maintained the stock with “Buy” rating in Sunday, August 23 report. As per Monday, August 24, the company rating was maintained by Piper Jaffray. The stock of Cerner Corporation (NASDAQ:CERN) earned “Buy” rating by Deutsche Bank on Tuesday, November 10. Avondale initiated Cerner Corporation (NASDAQ:CERN) on Wednesday, October 21 with “Market Outperform” rating. As per Wednesday, August 31, the company rating was reinitiated by Stifel Nicolaus. The stock has “Buy” rating given by Bank of America on Monday, September 19. The firm has “Sell” rating given on Wednesday, August 5 by Stifel Nicolaus.

CERN Company Profile

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 Clifton Ray

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