M&T Bank Corp trimmed its position in shares of Cerner Co. (NASDAQ:CERN) by 0.9% during the fourth quarter, Holdings Channel reports. The fund owned 88,563 shares of the company’s stock after selling 829 shares during the quarter. M&T Bank Corp’s holdings in Cerner were worth $5,967,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CERN. Advisory Services Network LLC boosted its holdings in shares of Cerner by 4.4% in the 2nd 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. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Cerner in the 3rd quarter worth about $121,000. Cerebellum GP LLC purchased a new position in shares of Cerner in the 4th quarter worth about $127,000. Steward Partners Investment Advisory LLC purchased a new position in shares of Cerner in the 3rd quarter worth about $128,000. Finally, Fort Pitt Capital Group LLC purchased a new position in shares of Cerner in the 3rd quarter worth about $205,000. 81.58% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts recently issued reports on CERN shares. Zacks Investment Research cut Cerner from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. SunTrust Banks reiterated a “buy” rating and set a $79.00 price target on shares of Cerner in a research report on Thursday, October 19th. Evercore ISI started coverage on Cerner in a research report on Thursday, January 18th. They set an “in-line” rating and a $77.00 price target on the stock. BidaskClub cut Cerner from a “hold” rating to a “sell” rating in a research report on Wednesday, January 24th. Finally, Robert W. Baird upgraded Cerner from a “neutral” rating to an “outperform” rating and upped their price target for the company from $67.00 to $76.00 in a research report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $67.05.

In other news, CEO Clifford W. Illig sold 140,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $65.52, for a total transaction of $9,172,800.00. Following the completion of the sale, the chief executive officer now owns 1,229,719 shares of the company’s stock, valued at $80,571,188.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Clifford W. Illig sold 530,000 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $65.54, for a total value of $34,736,200.00. Following the sale, the chairman now directly owns 1,229,719 shares of the company’s stock, valued at approximately $80,595,783.26. The disclosure for this sale can be found here. In the last ninety days, insiders sold 788,100 shares of company stock valued at $52,181,816. 13.11% of the stock is owned by insiders.

Cerner Co. (NASDAQ CERN) opened at $62.49 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.01 and a quick ratio of 2.99. The firm has a market cap of $20,380.36, a P/E ratio of 24.32, a P/E/G ratio of 1.84 and a beta of 0.90. Cerner Co. has a 52-week low of $51.26 and a 52-week high of $73.86.

Cerner (NASDAQ:CERN) last issued its earnings results on Tuesday, February 6th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.03). The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Cerner had a return on equity of 16.82% and a net margin of 16.86%. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.61 EPS. analysts anticipate that Cerner Co. will post 2.42 EPS for the current year.

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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.

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Institutional Ownership by Quarter for Cerner (NASDAQ:CERN)

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