Cerner Corp. (NASDAQ:CERN) saw unusually-high trading volume on Thursday . Approximately 2,567,724 shares changed hands during mid-day trading, an increase of 6% from the previous session’s volume of 2,432,017 shares.The stock last traded at $59.26 and had previously closed at $58.79.

CERN has been the topic of several research reports. Deutsche Bank AG reissued a “buy” rating and issued a $59.00 target price on shares of Cerner Corp. in a research report on Sunday, April 10th. Canaccord Genuity reaffirmed a “buy” rating on shares of Cerner Corp. in a research report on Wednesday, April 6th. FBR & Co reaffirmed a “buy” rating on shares of Cerner Corp. in a research report on Wednesday, April 6th. Piper Jaffray Cos. reaffirmed a “buy” rating and set a $70.00 price objective on shares of Cerner Corp. in a research report on Thursday, April 7th. Finally, Vetr raised Cerner Corp. from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a research report on Tuesday, April 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Cerner Corp. presently has an average rating of “Buy” and a consensus price target of $63.62.

The company’s 50-day moving average is $55.80 and its 200 day moving average is $55.53. The firm has a market cap of $20.15 billion and a P/E ratio of 36.13.

Cerner Corp. (NASDAQ:CERN) last issued its quarterly earnings results on Thursday, May 5th. The company reported $0.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.53. During the same quarter in the prior year, the company posted $0.45 EPS. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.17 billion. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. On average, analysts expect that Cerner Corp. will post $2.35 earnings per share for the current fiscal year.

In other news, Director William D. Zollars sold 9,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $55.72, for a total value of $501,480.00. Following the transaction, the director now owns 44,486 shares in the company, valued at $2,478,759.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Neal L. Patterson sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 12th. The shares were sold at an average price of $54.24, for a total value of $2,169,600.00. The disclosure for this sale can be found here.

Other institutional investors have recently added to or reduced their stakes in the company. Tredje AP fonden increased its position in Cerner Corp. by 3.3% in the fourth quarter. Tredje AP fonden now owns 19,326 shares of the company’s stock valued at $1,163,000 after buying an additional 618 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Cerner Corp. by 0.8% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,893 shares of the company’s stock valued at $1,197,000 after buying an additional 161 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in Cerner Corp. by 2.6% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 23,882 shares of the company’s stock valued at $1,437,000 after buying an additional 610 shares during the period. Profund Advisors LLC increased its position in Cerner Corp. by 16.2% in the fourth quarter. Profund Advisors LLC now owns 26,568 shares of the company’s stock valued at $1,599,000 after buying an additional 3,698 shares during the period. Finally, Cibc World Markets Corp increased its position in Cerner Corp. by 20.4% in the fourth quarter. Cibc World Markets Corp now owns 28,761 shares of the company’s stock valued at $1,731,000 after buying an additional 4,883 shares during the period.

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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