L & S Advisors Inc lowered its stake in shares of Cerner Co. (NASDAQ:CERN) by 62.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,941 shares of the company’s stock after selling 8,224 shares during the quarter. L & S Advisors Inc’s holdings in Cerner were worth $259,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Essex Savings Bank purchased a new position in Cerner in the fourth quarter valued at $27,000. JNBA Financial Advisors purchased a new position in Cerner in the fourth quarter valued at $34,000. Financial Gravity Companies Inc. purchased a new position in Cerner in the fourth quarter valued at $44,000. Lindbrook Capital LLC purchased a new position in Cerner in the fourth quarter valued at $62,000. Finally, Oregon Public Employees Retirement Fund increased its holdings in Cerner by 4,852.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,597,804 shares of the company’s stock valued at $69,000 after buying an additional 3,525,157 shares during the last quarter. 79.86% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ CERN opened at $57.91 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.41 and a quick ratio of 2.38. Cerner Co. has a 1 year low of $48.78 and a 1 year high of $67.57. The firm has a market capitalization of $18.78 billion, a price-to-earnings ratio of 26.20, a P/E/G ratio of 1.88 and a beta of 0.97.

Cerner (NASDAQ:CERN) last released its quarterly earnings data on Tuesday, February 5th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.06. Cerner had a net margin of 11.74% and a return on equity of 14.84%. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the firm posted $0.58 earnings per share. Cerner’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, sell-side analysts anticipate that Cerner Co. will post 2.37 EPS for the current fiscal year.

Several equities analysts recently commented on CERN shares. Morgan Stanley dropped their target price on Cerner from $72.00 to $68.00 and set an “equal weight” rating on the stock in a report on Monday, December 3rd. Zacks Investment Research raised Cerner from a “sell” rating to a “hold” rating in a report on Wednesday, February 27th. Finally, BidaskClub raised Cerner from a “sell” rating to a “hold” rating in a report on Wednesday, January 30th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $67.00.

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Cerner Company Profile

Cerner Corporation provides health care information technology solutions and services in the United States and internationally. The company offers Cerner Millennium architecture, a person-centric computing framework, which includes clinical, financial, and management information systems that allow providers to access an individual's electronic health record (EHR) at the point of care, and organizes and delivers information for physicians, nurses, laboratory technicians, pharmacists, front- and back-office professionals, and consumers.

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Institutional Ownership by Quarter for Cerner (NASDAQ:CERN)

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