Skandinaviska Enskilda Banken AB publ increased its holdings in Cerner Co. (NASDAQ:CERN) by 12.7% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 55,913 shares of the company’s stock after buying an additional 6,300 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Cerner were worth $3,988,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Alps Advisors Inc. lifted its position in shares of Cerner by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 8,693 shares of the company’s stock valued at $578,000 after buying an additional 23 shares in the last quarter. Laurel Wealth Advisors Inc. lifted its position in shares of Cerner by 0.6% during the 2nd quarter. Laurel Wealth Advisors Inc. now owns 3,909 shares of the company’s stock valued at $259,000 after buying an additional 24 shares in the last quarter. Conning Inc. lifted its position in shares of Cerner by 0.8% during the 2nd quarter. Conning Inc. now owns 7,742 shares of the company’s stock valued at $515,000 after buying an additional 58 shares in the last quarter. ProVise Management Group LLC lifted its position in shares of Cerner by 1.3% during the 2nd quarter. ProVise Management Group LLC now owns 5,184 shares of the company’s stock valued at $345,000 after buying an additional 69 shares in the last quarter. Finally, Advisory Services Network LLC lifted its position in shares of Cerner by 4.4% during the 2nd quarter. Advisory Services Network LLC now owns 1,648 shares of the company’s stock valued at $110,000 after buying an additional 70 shares in the last quarter. Institutional investors own 82.06% of the company’s stock.

Cerner Co. (NASDAQ CERN) opened at $69.79 on Tuesday. Cerner Co. has a 1-year low of $47.01 and a 1-year high of $73.86. The company has a current ratio of 2.77, a quick ratio of 2.75 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $23,200.00, a price-to-earnings ratio of 31.05, a P/E/G ratio of 2.26 and a beta of 0.94.

Cerner (NASDAQ:CERN) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.61 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.01). Cerner had a net margin of 13.37% and a return on equity of 18.03%. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the firm earned $0.59 EPS. Cerner’s revenue was up 7.7% compared to the same quarter last year. equities analysts expect that Cerner Co. will post 2.25 earnings per share for the current year.

A number of research firms recently commented on CERN. Royal Bank Of Canada reissued a “buy” rating on shares of Cerner in a report on Wednesday, October 25th. SunTrust Banks reissued a “buy” rating and issued a $79.00 price target on shares of Cerner in a report on Thursday, October 19th. Zacks Investment Research raised Cerner from a “hold” rating to a “buy” rating and set a $81.00 price target on the stock in a report on Tuesday, October 17th. Jefferies Group set a $79.00 price target on Cerner and gave the stock a “buy” rating in a report on Friday, October 13th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $77.00 price target on shares of Cerner in a report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $69.50.

In other Cerner news, COO Michael Nill sold 99,470 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $70.45, for a total value of $7,007,661.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Clifford W. Illig sold 4,000 shares of the company’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 sale, the chairman now owns 1,229,719 shares of the company’s stock, valued at $81,112,265.24. The disclosure for this sale can be found here. Insiders sold a total of 833,470 shares of company stock valued at $55,418,902 over the last quarter. Company insiders own 13.11% of the company’s stock.

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About Cerner

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.

Institutional Ownership by Quarter for Cerner (NASDAQ:CERN)

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