Cerner Corporation (CERN) Position Raised by WCM Investment Management CA

WCM Investment Management CA increased its holdings in shares of Cerner Corporation (NASDAQ:CERN) by 8.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 921,254 shares of the company’s stock after purchasing an additional 71,965 shares during the quarter. Cerner Corporation makes up approximately 0.8% of WCM Investment Management CA’s portfolio, making the stock its 18th biggest position. WCM Investment Management CA owned approximately 0.28% of Cerner Corporation worth $65,704,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the stock. Advisory Services Network LLC lifted its stake in Cerner Corporation by 4.4% in the second quarter. Advisory Services Network LLC now owns 1,648 shares of the company’s stock valued at $110,000 after buying an additional 70 shares during the last quarter. Acrospire Investment Management LLC lifted its stake in Cerner Corporation by 100.0% in the second quarter. Acrospire Investment Management LLC now owns 1,800 shares of the company’s stock valued at $120,000 after buying an additional 900 shares during the last quarter. Pacad Investment Ltd. purchased a new stake in Cerner Corporation in the second quarter valued at approximately $130,000. Sun Life Financial INC lifted its stake in Cerner Corporation by 23,700.0% in the second quarter. Sun Life Financial INC now owns 2,142 shares of the company’s stock valued at $142,000 after buying an additional 2,133 shares during the last quarter. Finally, ETF Managers Group LLC purchased a new stake in Cerner Corporation in the second quarter valued at approximately $157,000. Hedge funds and other institutional investors own 78.26% of the company’s stock.

In other news, SVP Randy D. Sims sold 60,000 shares of the firm’s stock in a transaction dated 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 approximately $4,142,346.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Clifford W. Illig sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $65.96, for a total value of $263,840.00. Following the completion of the transaction, the chairman now owns 1,229,719 shares in the company, valued at $81,112,265.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 257,470 shares of company stock worth $17,695,482. Company insiders own 13.20% of the company’s stock.

Several equities research analysts have recently commented on the company. Morgan Stanley upgraded Cerner Corporation from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $59.00 to $62.00 in a research note on Thursday, August 10th. BidaskClub upgraded Cerner Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Zacks Investment Research cut Cerner Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Royal Bank Of Canada cut Cerner Corporation from a “top pick” rating to an “outperform” rating and cut their price target for the stock from $84.00 to $74.00 in a research note on Thursday, November 2nd. Finally, Robert W. Baird upgraded Cerner Corporation from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $67.00 to $76.00 in a research note on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have given a buy rating to the company. Cerner Corporation presently has a consensus rating of “Hold” and a consensus price target of $69.79.

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Cerner Corporation (CERN) traded up $0.16 during midday trading on Tuesday, reaching $65.47. The company had a trading volume of 1,398,800 shares, compared to its average volume of 2,380,399. Cerner Corporation has a 1 year low of $47.01 and a 1 year high of $73.86. The stock has a market capitalization of $21,710.02, a P/E ratio of 28.90, a PEG ratio of 2.10 and a beta of 0.93. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.77 and a quick ratio of 2.75.

Cerner Corporation (NASDAQ:CERN) last released its earnings results on Thursday, October 26th. The company reported $0.61 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.01). The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Cerner Corporation had a return on equity of 18.03% and a net margin of 13.37%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.59 earnings per share. sell-side analysts predict that Cerner Corporation will post 2.26 EPS 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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