Gotham Asset Management LLC cut its stake in Cerner Co. (NASDAQ:CERN) by 31.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,763 shares of the company’s stock after selling 60,559 shares during the quarter. Gotham Asset Management LLC’s holdings in Cerner were worth $8,745,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of CERN. Icon Wealth Partners LLC acquired a new position in shares of Cerner in the fourth quarter valued at about $107,000. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Cerner in the third quarter valued at about $121,000. Cerebellum GP LLC acquired a new position in shares of Cerner in the fourth quarter valued at about $127,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Cerner in the third quarter valued at about $128,000. Finally, Delpha Capital Management LLC acquired a new position in shares of Cerner in the fourth quarter valued at about $144,000. 78.54% of the stock is currently owned by institutional investors.
Several equities analysts recently commented on the stock. BidaskClub upgraded shares of Cerner from a “strong sell” rating to a “sell” rating in a research note on Thursday, March 8th. Argus downgraded shares of Cerner from a “buy” rating to a “hold” rating and increased their price objective for the stock from $54.49 to $64.65 in a research note on Tuesday, March 13th. Cantor Fitzgerald reiterated a “buy” rating and set a $80.00 price objective on shares of Cerner in a research note on Wednesday, March 14th. Royal Bank of Canada reiterated a “buy” rating and set a $76.00 price objective on shares of Cerner in a research note on Wednesday, February 7th. Finally, Robert W. Baird reduced their price objective on shares of Cerner from $80.00 to $75.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $67.50.
Shares of CERN stock opened at $56.51 on Friday. Cerner Co. has a one year low of $56.49 and a one year high of $73.86. The company has a quick ratio of 2.99, a current ratio of 3.01 and a debt-to-equity ratio of 0.11. The firm has a market cap of $19,114.37, a P/E ratio of 25.89, a PEG ratio of 1.67 and a beta of 0.93.
Cerner (NASDAQ:CERN) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.03). Cerner had a net margin of 16.86% and a return on equity of 16.82%. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the previous year, the business posted $0.61 earnings per share. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. sell-side analysts anticipate that Cerner Co. will post 2.42 earnings per share for the current year.
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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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