Cerner Corporation (CERN) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC reduced its position in Cerner Corporation (NASDAQ:CERN) by 43.7% during the first quarter, Holdings Channel reports. The fund owned 80,937 shares of the company’s stock after selling 62,828 shares during the period. Segall Bryant & Hamill LLC’s holdings in Cerner Corporation were worth $4,763,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Aberdeen Asset Management PLC UK raised its position in shares of Cerner Corporation by 26.2% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 70,318 shares of the company’s stock worth $3,331,000 after buying an additional 14,577 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Cerner Corporation by 0.9% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,321 shares of the company’s stock worth $820,000 after buying an additional 155 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Cerner Corporation by 10.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 639,729 shares of the company’s stock worth $30,307,000 after buying an additional 61,928 shares in the last quarter. Baird Financial Group Inc. raised its position in shares of Cerner Corporation by 381.9% in the fourth quarter. Baird Financial Group Inc. now owns 30,695 shares of the company’s stock worth $1,454,000 after buying an additional 24,325 shares in the last quarter. Finally, Martingale Asset Management L P bought a new position in shares of Cerner Corporation during the fourth quarter worth $579,000. Institutional investors and hedge funds own 82.77% of the company’s stock.

Institutional Ownership by Quarter for Cerner Corporation (NASDAQ:CERN)

Shares of Cerner Corporation (CERN) traded down 0.53% during midday trading on Tuesday, hitting $66.98. 260,980 shares of the stock traded hands. The stock has a market cap of $22.13 billion, a price-to-earnings ratio of 34.53 and a beta of 0.97. The company’s 50 day moving average price is $65.50 and its 200-day moving average price is $56.89. Cerner Corporation has a 12-month low of $47.01 and a 12-month high of $69.28.

Cerner Corporation (NASDAQ:CERN) last announced its quarterly earnings results on Thursday, April 27th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.06. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Cerner Corporation had a net margin of 13.40% and a return on equity of 18.36%. The company’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS. On average, equities research analysts expect that Cerner Corporation will post $2.51 EPS for the current year.

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A number of equities analysts recently weighed in on CERN shares. Cantor Fitzgerald restated an “overweight” rating and set a $66.00 target price on shares of Cerner Corporation in a research report on Wednesday, February 22nd. Stifel Nicolaus upped their target price on shares of Cerner Corporation from $56.00 to $60.00 and gave the stock a “hold” rating in a research report on Wednesday, February 22nd. Citigroup Inc. lowered shares of Cerner Corporation from a “buy” rating to a “neutral” rating in a research report on Friday, February 24th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Cerner Corporation from a “sell” rating to a “hold” rating in a research report on Monday, March 20th. Finally, TheStreet upgraded shares of Cerner Corporation from a “c+” rating to a “b-” rating in a research report on Monday, April 3rd. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and nine have assigned a buy rating to the stock. Cerner Corporation presently has a consensus rating of “Hold” and an average price target of $64.70.

In related news, Director Denis A. Cortese sold 1,550 shares of the business’s stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $64.39, for a total value of $99,804.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Michael R. Battaglioli sold 4,000 shares of the business’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $65.55, for a total transaction of $262,200.00. Following the completion of the sale, the vice president now owns 4,000 shares in the company, valued at $262,200. The disclosure for this sale can be found here. In the last three months, insiders have sold 704,542 shares of company stock worth $45,885,490. Corporate insiders own 13.20% of the company’s stock.

Cerner Corporation Company Profile

Cerner Corporation (Cerner) 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 of all sizes. The Company’s segments include Domestic and Global. The Domestic segment includes revenue contributions and expenditures associated with business activity in the United States.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:CERN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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