Mitsubishi UFJ Trust & Banking Corp Cuts Holdings in Cerner Co. (CERN)

Mitsubishi UFJ Trust & Banking Corp lowered its position in Cerner Co. (NASDAQ:CERN) by 0.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 609,126 shares of the company’s stock after selling 4,199 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.18% of Cerner worth $43,443,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of CERN. Janney Montgomery Scott LLC boosted its stake in Cerner by 89.8% in the second quarter. Janney Montgomery Scott LLC now owns 24,657 shares of the company’s stock worth $1,639,000 after buying an additional 11,665 shares in the last quarter. CIBC Asset Management Inc boosted its stake in Cerner by 3.1% in the second quarter. CIBC Asset Management Inc now owns 38,844 shares of the company’s stock worth $2,582,000 after buying an additional 1,179 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Cerner by 76.9% in the second quarter. Daiwa Securities Group Inc. now owns 14,950 shares of the company’s stock worth $994,000 after buying an additional 6,500 shares in the last quarter. S&CO Inc. boosted its stake in Cerner by 3.3% in the second quarter. S&CO Inc. now owns 52,331 shares of the company’s stock worth $3,478,000 after buying an additional 1,690 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in Cerner by 94.8% in the second quarter. Sei Investments Co. now owns 32,363 shares of the company’s stock worth $2,150,000 after buying an additional 15,753 shares in the last quarter. 82.06% of the stock is owned by institutional investors and hedge funds.

Cerner Co. (NASDAQ:CERN) opened at $70.17 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.75 and a current ratio of 2.77. The company has a market capitalization of $23,498.41, a P/E ratio of 31.28, a P/E/G ratio of 2.28 and a beta of 0.94. Cerner Co. has a twelve month low of $47.01 and a twelve month high of $73.86.

Cerner (NASDAQ:CERN) last announced its earnings results on Thursday, October 26th. The company reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.01). The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.29 billion. Cerner had a net margin of 13.37% and a return on equity of 18.03%. Cerner’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.59 EPS. research analysts expect that Cerner Co. will post 2.25 EPS for the current year.

Several analysts have issued reports on CERN shares. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Cerner in a research note on Wednesday, October 25th. SunTrust Banks reaffirmed a “buy” rating and issued a $79.00 target price on shares of Cerner in a research note on Thursday, October 19th. Zacks Investment Research upgraded Cerner from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a research report on Tuesday, October 17th. Jefferies Group set a $79.00 price objective on Cerner and gave the company a “buy” rating in a research report on Friday, October 13th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $77.00 price objective on shares of Cerner in a research report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $69.50.

In other Cerner news, President Zane M. Burke sold 94,000 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $67.47, for a total value of $6,342,180.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Marc G. Naughton sold 60,000 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $70.64, for a total value of $4,238,400.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 927,470 shares of company stock valued at $61,761,082. 13.11% of the stock is owned by corporate insiders.

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About Cerner

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 (NASDAQ:CERN)

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