Stifel Nicolaus reissued their hold rating on shares of Cerner (NASDAQ:CERN) in a research report sent to investors on Thursday, MarketBeat reports. The brokerage currently has a $71.00 target price on the stock, up from their prior target price of $69.00.
Several other equities analysts also recently issued reports on CERN. BidaskClub raised Cerner from a strong sell rating to a sell rating in a research report on Thursday. Royal Bank of Canada reissued a buy rating and issued a $76.00 target price on shares of Cerner in a research report on Wednesday, February 7th. Robert W. Baird cut their target price on Cerner from $80.00 to $75.00 and set an outperform rating on the stock in a research report on Wednesday, February 7th. Canaccord Genuity reissued a buy rating on shares of Cerner in a research report on Wednesday, February 7th. Finally, Piper Jaffray Companies reissued a buy rating and issued a $70.00 target price on shares of Cerner in a research report on Thursday, November 30th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $67.66.
Cerner (NASDAQ CERN) traded up $1.25 during midday trading on Thursday, hitting $64.91. The company had a trading volume of 1,728,972 shares, compared to its average volume of 2,361,394. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.99 and a current ratio of 3.01. Cerner has a 52-week low of $54.49 and a 52-week high of $73.86. The firm has a market cap of $21,588.87, a P/E ratio of 25.26, a price-to-earnings-growth ratio of 1.91 and a beta of 0.93.
In other news, President Zane M. Burke sold 50,000 shares of the stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $70.00, for a total transaction of $3,500,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Jeffrey A. Townsend sold 230,000 shares of the stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $61.94, for a total transaction of $14,246,200.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 595,800 shares of company stock worth $38,133,420. 13.11% of the stock is owned by corporate insiders.
Several hedge funds have recently bought and sold shares of CERN. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Cerner by 5.7% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 45,080 shares of the company’s stock worth $3,215,000 after acquiring an additional 2,426 shares in the last quarter. State of Wisconsin Investment Board boosted its stake in shares of Cerner by 16.8% during the 3rd quarter. State of Wisconsin Investment Board now owns 425,712 shares of the company’s stock worth $30,362,000 after acquiring an additional 61,326 shares in the last quarter. State of Tennessee Treasury Department boosted its stake in shares of Cerner by 8.0% during the 3rd quarter. State of Tennessee Treasury Department now owns 116,393 shares of the company’s stock worth $8,301,000 after acquiring an additional 8,574 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Cerner by 117.4% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 71,457 shares of the company’s stock worth $5,096,000 after acquiring an additional 38,582 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Cerner by 4.2% in the 3rd quarter. Principal Financial Group Inc. now owns 473,140 shares of the company’s stock valued at $33,744,000 after buying an additional 19,182 shares in the last quarter. 77.77% of the stock is currently owned by institutional investors and hedge funds.
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Cerner 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.
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