HL Financial Services LLC decreased its position in shares of Cerner Corporation (NASDAQ:CERN) by 2.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,970 shares of the company’s stock after selling 225 shares during the period. HL Financial Services LLC’s holdings in Cerner Corporation were worth $729,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Gulf International Bank UK Ltd increased its stake in shares of Cerner Corporation by 1.4% in the first quarter. Gulf International Bank UK Ltd now owns 92,722 shares of the company’s stock valued at $5,456,000 after buying an additional 1,250 shares in the last quarter. National Pension Service increased its stake in shares of Cerner Corporation by 2.3% in the first quarter. National Pension Service now owns 259,653 shares of the company’s stock valued at $15,364,000 after buying an additional 5,769 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Cerner Corporation by 371.2% in the first quarter. Bank of Montreal Can now owns 766,908 shares of the company’s stock valued at $45,131,000 after buying an additional 604,145 shares in the last quarter. Alpha Windward LLC increased its stake in shares of Cerner Corporation by 6.1% in the first quarter. Alpha Windward LLC now owns 2,594 shares of the company’s stock valued at $153,000 after buying an additional 148 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. increased its stake in shares of Cerner Corporation by 2.9% in the first quarter. Winslow Evans & Crocker Inc. now owns 12,928 shares of the company’s stock valued at $761,000 after buying an additional 370 shares in the last quarter. 81.19% of the stock is currently owned by institutional investors.

Cerner Corporation (NASDAQ:CERN) opened at 62.11 on Friday. Cerner Corporation has a 52-week low of $47.01 and a 52-week high of $69.28. The firm’s 50-day moving average is $65.07 and its 200-day moving average is $61.07. The stock has a market capitalization of $20.59 billion, a price-to-earnings ratio of 31.38 and a beta of 0.95.

Cerner Corporation (NASDAQ:CERN) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.56 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by $0.01. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.30 billion. Cerner Corporation had a net margin of 13.47% and a return on equity of 18.18%. Cerner Corporation’s revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.58 earnings per share. Analysts predict that Cerner Corporation will post $2.50 earnings per share for the current year.

Cerner Corporation announced that its board has approved a stock buyback program on Thursday, May 25th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to reacquire up to 2.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

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Several equities research analysts have recently weighed in on the stock. UBS AG reissued a “neutral” rating and issued a $69.00 target price (up previously from $64.00) on shares of Cerner Corporation in a research note on Tuesday, June 6th. Cantor Fitzgerald reissued a “buy” rating and issued a $77.00 target price (up previously from $68.00) on shares of Cerner Corporation in a research note on Monday, June 5th. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $72.00 price target (up previously from $65.00) on shares of Cerner Corporation in a research note on Tuesday, June 6th. Canaccord Genuity reaffirmed a “buy” rating and issued a $66.00 price target on shares of Cerner Corporation in a research note on Friday, June 2nd. Finally, BidaskClub raised shares of Cerner Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $65.79.

In other news, CFO Marc G. Naughton sold 60,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $68.63, for a total transaction of $4,117,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Linda M. Dillman sold 4,600 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $64.69, for a total value of $297,574.00. The disclosure for this sale can be found here. Insiders sold 130,800 shares of company stock valued at $8,925,788 over the last three months. Corporate insiders own 13.20% of the company’s stock.

About Cerner Corporation

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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Institutional Ownership by Quarter for Cerner Corporation (NASDAQ:CERN)

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