Commerce Bank Has $33.81 Million Holdings in Cerner Corporation (CERN)
Commerce Bank reduced its stake in Cerner Corporation (NASDAQ:CERN) by 1.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 474,071 shares of the company’s stock after selling 7,870 shares during the period. Commerce Bank owned about 0.14% of Cerner Corporation worth $33,811,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Andra AP fonden increased its stake in Cerner Corporation by 45.8% in the 2nd quarter. Andra AP fonden now owns 30,900 shares of the company’s stock worth $2,054,000 after purchasing an additional 9,700 shares during the period. Dimensional Fund Advisors LP increased its stake in Cerner Corporation by 7.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 697,200 shares of the company’s stock worth $46,342,000 after purchasing an additional 47,812 shares during the period. State Farm Mutual Automobile Insurance Co. increased its stake in Cerner Corporation by 381.0% in the 2nd quarter. State Farm Mutual Automobile Insurance Co. now owns 429,846 shares of the company’s stock worth $28,572,000 after purchasing an additional 340,486 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Cerner Corporation by 2.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 937,175 shares of the company’s stock worth $62,295,000 after purchasing an additional 23,659 shares during the period. Finally, IBM Retirement Fund increased its stake in shares of Cerner Corporation by 114.6% during the second quarter. IBM Retirement Fund now owns 7,038 shares of the company’s stock valued at $523,000 after buying an additional 3,759 shares during the period. 78.26% of the stock is currently owned by institutional investors and hedge funds.
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In other Cerner Corporation news, President Zane M. Burke sold 94,000 shares of the business’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $67.47, for a total value of $6,342,180.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Clifford W. Illig sold 4,000 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $65.96, for a total value of $263,840.00. Following the completion of the sale, the chairman now directly owns 1,229,719 shares in the company, valued at $81,112,265.24. The disclosure for this sale can be found here. Insiders sold 257,470 shares of company stock worth $17,695,482 over the last three months. Corporate insiders own 13.20% of the company’s stock.
Several equities analysts have recently issued reports on CERN shares. BidaskClub cut Cerner Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Stifel Nicolaus reissued a “hold” rating and set a $69.00 target price on shares of Cerner Corporation in a research note on Friday, July 28th. Zacks Investment Research cut Cerner Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Morgan Stanley raised Cerner Corporation from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $59.00 to $62.00 in a research note on Thursday, August 10th. Finally, Robert W. Baird reissued a “hold” rating and set a $67.00 target price on shares of Cerner Corporation in a research note on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $69.79.
Cerner Corporation (NASDAQ CERN) traded up $0.39 during trading on Thursday, reaching $65.17. The company’s stock had a trading volume of 248,168 shares, compared to its average volume of 2,368,979. The company has a quick ratio of 2.75, a current ratio of 2.77 and a debt-to-equity ratio of 0.11. Cerner Corporation has a twelve month low of $47.01 and a twelve month high of $73.86. The company has a market capitalization of $21,800.00, a P/E ratio of 28.79, a price-to-earnings-growth ratio of 2.09 and a beta of 0.93.
Cerner Corporation (NASDAQ:CERN) last released its earnings results on Thursday, October 26th. The company reported $0.61 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.01). Cerner Corporation had a return on equity of 18.03% and a net margin of 13.37%. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the firm posted $0.59 earnings per share. The company’s revenue was up 7.7% compared to the same quarter last year. equities analysts expect that Cerner Corporation will post 2.26 EPS for the current fiscal year.
Cerner Corporation 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.
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