Delpha Capital Management LLC Buys New Position in Cerner Co. (CERN)
Delpha Capital Management LLC bought a new stake in shares of Cerner Co. (NASDAQ:CERN) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,131 shares of the company’s stock, valued at approximately $144,000.
A number of other large investors have also added to or reduced their stakes in CERN. State of Wisconsin Investment Board grew its stake in shares of Cerner by 16.8% in the 3rd quarter. State of Wisconsin Investment Board now owns 425,712 shares of the company’s stock valued at $30,362,000 after buying an additional 61,326 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of Cerner by 5.7% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 45,080 shares of the company’s stock valued at $3,215,000 after buying an additional 2,426 shares in the last quarter. Advantus Capital Management Inc grew its stake in shares of Cerner by 8.6% in the 3rd quarter. Advantus Capital Management Inc now owns 31,997 shares of the company’s stock valued at $2,282,000 after buying an additional 2,543 shares in the last quarter. Kalos Management Inc. boosted its position in Cerner by 32.9% during the third quarter. Kalos Management Inc. now owns 13,155 shares of the company’s stock worth $938,000 after purchasing an additional 3,254 shares during the period. Finally, Capital International Investors boosted its position in Cerner by 0.3% during the third quarter. Capital International Investors now owns 4,851,296 shares of the company’s stock worth $345,994,000 after purchasing an additional 12,178 shares during the period. 77.77% of the stock is currently owned by institutional investors.
Cerner Co. (CERN) opened at $62.94 on Monday. 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 company has a market capitalization of $20,933.68, a price-to-earnings ratio of 28.35, a P/E/G ratio of 1.85 and a beta of 0.93. Cerner Co. has a 12 month low of $54.01 and a 12 month high of $73.86.
In other Cerner news, VP Michael R. Battaglioli sold 4,000 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $69.89, for a total transaction of $279,560.00. Following the completion of the transaction, the vice president now directly owns 4,000 shares in the company, valued at $279,560. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Zane M. Burke sold 50,000 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $70.00, for a total value of $3,500,000.00. The disclosure for this sale can be found here. Insiders have sold 288,100 shares of company stock valued at $18,280,616 over the last quarter. Corporate insiders own 13.11% of the company’s stock.
A number of equities research analysts have issued reports on the company. SunTrust Banks cut Cerner from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. They noted that the move was a valuation call. Zacks Investment Research cut Cerner from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Leerink Swann reaffirmed a “hold” rating on shares of Cerner in a research report on Saturday, November 25th. Evercore ISI assumed coverage on Cerner in a research report on Thursday, January 18th. They set an “in-line” rating and a $77.00 target price for the company. Finally, Stifel Nicolaus reaffirmed a “hold” rating on shares of Cerner in a research report on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company’s stock. Cerner currently has an average rating of “Hold” and an average target price of $67.55.
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Cerner 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.
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