Cerner Corporation (CERN) Shares Bought by Westpac Banking Corp
Westpac Banking Corp boosted its stake in Cerner Corporation (NASDAQ:CERN) by 8.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 18,534 shares of the company’s stock after buying an additional 1,506 shares during the period. Westpac Banking Corp’s holdings in Cerner Corporation were worth $1,144,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of CERN. Mitsubishi UFJ Trust & Banking Corp boosted its position in Cerner Corporation by 0.6% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 633,050 shares of the company’s stock valued at $39,091,000 after buying an additional 3,673 shares during the last quarter. American International Group Inc. boosted its position in Cerner Corporation by 2.8% in the third quarter. American International Group Inc. now owns 148,112 shares of the company’s stock valued at $9,146,000 after buying an additional 3,998 shares during the last quarter. Torray LLC purchased a new position in Cerner Corporation during the third quarter valued at $16,092,000. Argent Trust Co boosted its position in Cerner Corporation by 18.8% in the third quarter. Argent Trust Co now owns 11,261 shares of the company’s stock valued at $695,000 after buying an additional 1,783 shares during the last quarter. Finally, California State Teachers Retirement System boosted its position in Cerner Corporation by 0.9% in the third quarter. California State Teachers Retirement System now owns 628,006 shares of the company’s stock valued at $38,779,000 after buying an additional 5,300 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.
Shares of Cerner Corporation (NASDAQ:CERN) traded up 0.08% during mid-day trading on Friday, reaching $51.35. 2,396,406 shares of the company’s stock traded hands. Cerner Corporation has a 12 month low of $47.01 and a 12 month high of $67.50. The stock has a market cap of $17.43 billion, a PE ratio of 27.15 and a beta of 1.00. The firm has a 50 day moving average price of $48.67 and a 200-day moving average price of $57.72.
Cerner Corporation (NASDAQ:CERN) last announced its quarterly earnings data on Tuesday, November 1st. The company reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by $0.01. Cerner Corporation had a net margin of 13.85% and a return on equity of 18.39%. The firm earned $1.19 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same period last year, the business earned $0.54 EPS. The business’s revenue was up 5.1% on a year-over-year basis. On average, analysts predict that Cerner Corporation will post $2.30 earnings per share for the current fiscal year.
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Several equities analysts have weighed in on the stock. Cantor Fitzgerald started coverage on shares of Cerner Corporation in a research report on Thursday, January 5th. They set an “overweight” rating and a $66.00 price objective on the stock. Morgan Stanley cut shares of Cerner Corporation from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $62.00 to $45.00 in a report on Tuesday, December 13th. KeyCorp restated a “buy” rating and set a $69.00 price target on shares of Cerner Corporation in a report on Sunday, December 4th. Leerink Swann cut shares of Cerner Corporation from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $65.00 to $50.00 in a report on Thursday, December 1st. Finally, Zacks Investment Research cut shares of Cerner Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, November 30th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $63.97.
In related news, Director William D. Zollars sold 10,000 shares of Cerner Corporation stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $51.50, for a total transaction of $515,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 13.20% of the company’s stock.
About Cerner Corporation
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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