Cerner Corporation (CERN) Shares Bought by Wilbanks Smith & Thomas Asset Management LLC

Wilbanks Smith & Thomas Asset Management LLC grew its stake in Cerner Corporation (NASDAQ:CERN) by 1.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,898 shares of the company’s stock after buying an additional 465 shares during the period. Wilbanks Smith & Thomas Asset Management LLC’s holdings in Cerner Corporation were worth $2,320,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Alps Advisors Inc. boosted its holdings in shares of Cerner Corporation by 0.3% in 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. boosted its holdings in shares of Cerner Corporation by 0.6% in 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. Johnson Financial Group Inc. boosted its holdings in shares of Cerner Corporation by 2.6% in the 1st quarter. Johnson Financial Group Inc. now owns 1,870 shares of the company’s stock valued at $110,000 after buying an additional 47 shares in the last quarter. Conning Inc. boosted its holdings in shares of Cerner Corporation by 0.8% in 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. Finally, ProVise Management Group LLC boosted its holdings in shares of Cerner Corporation by 1.3% in 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. Institutional investors and hedge funds own 78.94% of the company’s stock.

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Shares of Cerner Corporation (NASDAQ:CERN) traded up 0.13% during trading on Tuesday, reaching $71.53. 694,042 shares of the company’s stock were exchanged. The company’s 50-day moving average is $69.07 and its 200 day moving average is $65.14. Cerner Corporation has a 52 week low of $47.01 and a 52 week high of $72.82. The stock has a market capitalization of $23.72 billion, a PE ratio of 36.14 and a beta of 0.95.

Cerner Corporation (NASDAQ:CERN) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.01). The company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.30 billion. Cerner Corporation had a return on equity of 18.18% and a net margin of 13.47%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.58 EPS. On average, analysts forecast that Cerner Corporation will post $2.50 earnings per share for the current year.

Several brokerages have recently issued reports on CERN. Morgan Stanley upgraded shares of Cerner Corporation from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $59.00 to $62.00 in a report on Thursday, August 10th. BidaskClub upgraded shares of Cerner Corporation from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Zacks Investment Research cut shares of Cerner Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Stifel Nicolaus reiterated a “hold” rating and set a $69.00 price target on shares of Cerner Corporation in a research note on Friday, July 28th. Finally, Royal Bank Of Canada assumed coverage on shares of Cerner Corporation in a research note on Tuesday, September 19th. They set a “top pick” rating and a $84.00 price target for the company. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $67.00.

In related news, Chairman Clifford W. Illig sold 118,113 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $62.03, for a total value of $7,326,549.39. Following the completion of the sale, the chairman now owns 1,229,719 shares of the company’s stock, valued at $76,279,469.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Michael Nill sold 99,470 shares of the company’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $70.45, for a total transaction of $7,007,661.50. The disclosure for this sale can be found here. Insiders sold 371,583 shares of company stock valued at $24,758,191 in the last ninety days. Corporate insiders own 13.20% of the company’s stock.

Cerner Corporation 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.

Institutional Ownership by Quarter for Cerner Corporation (NASDAQ:CERN)

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