Todays Report: Today, Retirement Systems of Alabama Sold shares of Cerner Corp. (CERN)

Today, Retirement Systems of Alabama Sold shares of Cerner Corp. (CERN)

Retirement Systems of Alabama reduced its position in shares of Cerner Corp. (NASDAQ:CERN) by 41.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 258,814 shares of the company’s stock after selling 186,284 shares during the period. Retirement Systems of Alabama owned 0.08% of Cerner Corp. worth $15,982,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in shares of Cerner Corp. by 615.5% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 7,155 shares of the company’s stock worth $419,000 after buying an additional 6,155 shares in the last quarter. Webster Bank N. A. increased its position in Cerner Corp. by 9.4% in the second quarter. Webster Bank N. A. now owns 30,050 shares of the company’s stock valued at $1,761,000 after buying an additional 2,576 shares during the last quarter. LGT Capital Partners LTD. increased its position in Cerner Corp. by 13.6% in the second quarter. LGT Capital Partners LTD. now owns 117,000 shares of the company’s stock valued at $6,856,000 after buying an additional 14,000 shares during the last quarter. Alpha Windward LLC increased its position in Cerner Corp. by 2.2% in the second quarter. Alpha Windward LLC now owns 2,061 shares of the company’s stock valued at $121,000 after buying an additional 44 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. increased its position in Cerner Corp. by 0.7% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 257,447 shares of the company’s stock valued at $15,086,000 after buying an additional 1,699 shares during the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Shares of Cerner Corp. (NASDAQ:CERN) traded up 1.05% on Monday, hitting $51.02. 1,192,134 shares of the stock were exchanged. The company has a market cap of $17.32 billion, a PE ratio of 26.98 and a beta of 1.11. The company has a 50-day moving average price of $55.35 and a 200 day moving average price of $59.01. Cerner Corp. has a 12 month low of $48.04 and a 12 month high of $67.50.

Cerner Corp. (NASDAQ:CERN) last issued its quarterly earnings data on Tuesday, November 1st. The company reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by $0.01. Cerner Corp. had a return on equity of 18.39% and a net margin of 13.85%. The company earned $1.19 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter last year, the company posted $0.54 earnings per share. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. Equities analysts forecast that Cerner Corp. will post $2.30 EPS for the current fiscal year.

Several equities analysts have recently issued reports on CERN shares. Bank of America Corp. started coverage on shares of Cerner Corp. in a research note on Monday, September 19th. They set a “neutral” rating and a $67.00 price target for the company. Zacks Investment Research raised shares of Cerner Corp. from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a research note on Tuesday, October 4th. Barclays PLC raised their price target on shares of Cerner Corp. from $55.00 to $67.00 and gave the company an “overweight” rating in a research note on Wednesday, August 3rd. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $67.00 price target on shares of Cerner Corp. in a research note on Friday, October 14th. Finally, Cowen and Company downgraded shares of Cerner Corp. from an “outperform” rating to a “market perform” rating and set a $65.00 price target for the company. in a research note on Thursday, September 8th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Cerner Corp. has a consensus rating of “Buy” and a consensus target price of $64.88.

In other Cerner Corp. news, Director Linda M. Dillman sold 6,000 shares of the company’s stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $64.68, for a total value of $388,080.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William D. Zollars sold 10,000 shares of the company’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $51.50, for a total transaction of $515,000.00. The disclosure for this sale can be found here. 13.20% of the stock is currently owned by company insiders.

Cerner Corp. Company Profile

Cerner Corporation 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. Its segments include Domestic and Global. The Domestic segment includes the business activity in the United States.

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