Robecosam AG reduced its holdings in Cerner Co. (NASDAQ:CERN) by 3.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 197,529 shares of the company’s stock after selling 6,361 shares during the period. Robecosam AG’s holdings in Cerner were worth $13,418,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the company. Leavell Investment Management Inc. lifted its position in shares of Cerner by 3.1% in the 4th quarter. Leavell Investment Management Inc. now owns 22,785 shares of the company’s stock worth $1,535,000 after buying an additional 693 shares during the last quarter. Resources Investment Advisors Inc. lifted its position in shares of Cerner by 1.6% in the 4th quarter. Resources Investment Advisors Inc. now owns 47,051 shares of the company’s stock worth $3,171,000 after buying an additional 753 shares during the last quarter. Autus Asset Management LLC lifted its position in shares of Cerner by 0.9% in the 3rd quarter. Autus Asset Management LLC now owns 91,911 shares of the company’s stock worth $6,555,000 after buying an additional 813 shares during the last quarter. Pinkerton Retirement Specialists LLC lifted its position in Cerner by 4.6% in the 3rd quarter. Pinkerton Retirement Specialists LLC now owns 19,310 shares of the company’s stock valued at $1,391,000 after purchasing an additional 847 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. lifted its position in Cerner by 4.3% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 20,856 shares of the company’s stock valued at $1,487,000 after purchasing an additional 857 shares during the last quarter. Institutional investors own 78.56% of the company’s stock.
In other news, President Zane M. Burke sold 50,000 shares of Cerner stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $70.00, for a total value of $3,500,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Michael R. Battaglioli sold 4,000 shares of Cerner stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $69.89, for a total transaction of $279,560.00. Following the completion of the transaction, the vice president now directly owns 4,000 shares in the company, valued at $279,560. The disclosure for this sale can be found here. Over the last three months, insiders sold 595,800 shares of company stock worth $38,133,420. 13.11% of the stock is currently owned by insiders.
Cerner Co. (CERN) opened at $64.91 on Monday. The stock has a market cap of $21,588.89, a P/E ratio of 29.24, a PEG ratio of 1.89 and a beta of 0.93. The company has a quick ratio of 2.99, a current ratio of 3.01 and a debt-to-equity ratio of 0.11. Cerner Co. has a 52 week low of $54.49 and a 52 week high of $73.86.
Cerner (NASDAQ:CERN) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.03). The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.33 billion. Cerner had a return on equity of 16.82% and a net margin of 16.86%. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 EPS. research analysts expect that Cerner Co. will post 2.42 earnings per share for the current fiscal year.
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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