Macquarie Group Ltd. Has $465,000 Stake in Cerner Corporation (CERN)

Macquarie Group Ltd. held its position in shares of Cerner Corporation (NASDAQ:CERN) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,000 shares of the company’s stock at the end of the second quarter. Macquarie Group Ltd.’s holdings in Cerner Corporation were worth $465,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of CERN. Vanguard Group Inc. increased its position in Cerner Corporation by 3.1% during the second quarter. Vanguard Group Inc. now owns 29,296,545 shares of the company’s stock valued at $1,947,341,000 after acquiring an additional 876,919 shares during the last quarter. BlackRock Inc. increased its position in Cerner Corporation by 0.8% during the second quarter. BlackRock Inc. now owns 18,436,042 shares of the company’s stock valued at $1,225,441,000 after acquiring an additional 137,320 shares during the last quarter. Bank of New York Mellon Corp increased its position in Cerner Corporation by 19.0% during the second quarter. Bank of New York Mellon Corp now owns 17,546,618 shares of the company’s stock valued at $1,166,325,000 after acquiring an additional 2,800,955 shares during the last quarter. FMR LLC increased its position in Cerner Corporation by 0.8% during the second quarter. FMR LLC now owns 5,652,931 shares of the company’s stock valued at $375,750,000 after acquiring an additional 43,521 shares during the last quarter. Finally, American Century Companies Inc. increased its position in Cerner Corporation by 62.4% during the second quarter. American Century Companies Inc. now owns 3,929,394 shares of the company’s stock valued at $261,187,000 after acquiring an additional 1,510,288 shares during the last quarter. Hedge funds and other institutional investors own 78.90% of the company’s stock.

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In related news, SVP Randy D. Sims sold 60,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $68.03, for a total value of $4,081,800.00. Following the transaction, the senior vice president now directly owns 60,890 shares in the company, valued at $4,142,346.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Clifford W. Illig sold 118,113 shares of the company’s stock in a transaction that occurred on 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 transaction, the chairman now owns 1,229,719 shares in the company, valued at $76,279,469.57. The disclosure for this sale can be found here. Over the last quarter, insiders sold 371,583 shares of company stock worth $24,758,191. 13.20% of the stock is currently owned by insiders.

A number of analysts recently commented on the company. Morgan Stanley upgraded Cerner Corporation from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $59.00 to $62.00 in a research report on Thursday, August 10th. SunTrust Banks, Inc. reiterated a “buy” rating and set a $75.00 price objective on shares of Cerner Corporation in a research report on Monday. Robert W. Baird upgraded Cerner Corporation from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $67.00 to $76.00 in a research report on Tuesday. Zacks Investment Research cut Cerner Corporation from a “buy” rating to a “sell” rating in a research report on Tuesday. Finally, BidaskClub cut Cerner Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $69.30.

Cerner Corporation (CERN) opened at 67.52 on Wednesday. The company’s 50-day moving average price is $70.96 and its 200-day moving average price is $66.49. The company has a market capitalization of $22.39 billion, a price-to-earnings ratio of 34.12 and a beta of 0.95. Cerner Corporation has a 52 week low of $47.01 and a 52 week high of $73.86.

Cerner Corporation (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 Thomson Reuters’ consensus estimate of $0.62 by ($0.01). Cerner Corporation had a return on equity of 18.03% and a net margin of 13.37%. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the firm posted $0.59 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. Equities analysts forecast that Cerner Corporation will post $2.44 earnings per share for the current fiscal year.

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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