KeyCorp reissued their buy rating on shares of Cerner Corporation (NASDAQ:CERN) in a report issued on Friday. KeyCorp currently has a $76.00 target price on the stock.

CERN has been the topic of several other research reports. Robert W. Baird reaffirmed a hold rating and set a $67.00 target price on shares of Cerner Corporation in a research note on Thursday, August 31st. Canaccord Genuity reaffirmed a buy rating and set a $66.00 target price on shares of Cerner Corporation in a research note on Friday, June 2nd. J P Morgan Chase & Co reaffirmed an overweight rating and set a $72.00 target price (up previously from $65.00) on shares of Cerner Corporation in a research note on Tuesday, June 6th. BidaskClub raised Cerner Corporation from a sell rating to a hold rating in a research note on Saturday, August 19th. Finally, William Blair reaffirmed an outperform rating on shares of Cerner Corporation in a research note on Monday, July 10th. Fifteen research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $67.11.

Cerner Corporation (NASDAQ CERN) opened at 69.31 on Friday. Cerner Corporation has a 12-month low of $47.01 and a 12-month high of $72.27. The company has a 50-day moving average of $66.04 and a 200 day moving average of $63.61. The stock has a market cap of $22.98 billion, a price-to-earnings ratio of 35.02 and a beta of 0.95.

Cerner Corporation (NASDAQ:CERN) last released its earnings results 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). Cerner Corporation had a net margin of 13.47% and a return on equity of 18.18%. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period last year, the firm earned $0.58 EPS. The company’s revenue was up 6.3% compared to the same quarter last year. Equities analysts anticipate that Cerner Corporation will post $2.50 earnings per share for the current year.

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In other news, COO Michael Nill sold 99,470 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $70.45, for a total transaction of $7,007,661.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Clifford W. Illig sold 118,113 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $62.03, for a total value of $7,326,549.39. Following the transaction, the chairman now owns 1,229,719 shares of the company’s stock, valued at $76,279,469.57. The disclosure for this sale can be found here. Insiders have sold 371,583 shares of company stock valued at $24,758,191 in the last ninety days. Company insiders own 13.20% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Johnson Financial Group Inc. lifted its holdings in shares of Cerner Corporation by 2.6% during the first quarter. Johnson Financial Group Inc. now owns 1,870 shares of the company’s stock worth $110,000 after buying an additional 47 shares during the last quarter. Advisory Services Network LLC lifted its holdings in shares of Cerner Corporation by 4.4% during the second quarter. Advisory Services Network LLC now owns 1,648 shares of the company’s stock worth $110,000 after buying an additional 70 shares during the last quarter. Acrospire Investment Management LLC lifted its holdings in shares of Cerner Corporation by 100.0% during the second quarter. Acrospire Investment Management LLC now owns 1,800 shares of the company’s stock worth $120,000 after buying an additional 900 shares during the last quarter. Pacad Investment Ltd. acquired a new position in shares of Cerner Corporation during the second quarter worth approximately $130,000. Finally, Sun Life Financial INC lifted its holdings in shares of Cerner Corporation by 23,700.0% during the second quarter. Sun Life Financial INC now owns 2,142 shares of the company’s stock worth $142,000 after buying an additional 2,133 shares during the last quarter. Institutional investors own 78.92% of the company’s stock.

Cerner Corporation Company Profile

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.

Analyst Recommendations for Cerner Corporation (NASDAQ:CERN)

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