Dimensional Fund Advisors LP Has $50.98 Million Holdings in Cerner Co. (CERN)

Dimensional Fund Advisors LP grew its position in shares of Cerner Co. (NASDAQ:CERN) by 2.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 714,803 shares of the company’s stock after acquiring an additional 17,603 shares during the quarter. Dimensional Fund Advisors LP owned 0.22% of Cerner worth $50,977,000 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 bought and sold shares of CERN. Victory Capital Management Inc. boosted its holdings in Cerner by 16.1% during the 2nd quarter. Victory Capital Management Inc. now owns 31,298 shares of the company’s stock worth $2,080,000 after acquiring an additional 4,340 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Cerner by 34.1% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 15,075 shares of the company’s stock worth $1,002,000 after acquiring an additional 3,837 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Cerner by 6.4% during the 2nd quarter. Principal Financial Group Inc. now owns 453,958 shares of the company’s stock worth $30,175,000 after acquiring an additional 27,420 shares during the last quarter. Pacad Investment Ltd. purchased a new position in Cerner during the 2nd quarter worth $130,000. Finally, State of Tennessee Treasury Department boosted its holdings in Cerner by 15.1% during the 2nd quarter. State of Tennessee Treasury Department now owns 107,819 shares of the company’s stock worth $7,167,000 after acquiring an additional 14,162 shares during the last quarter. 81.82% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Cerner Co. (NASDAQ:CERN) opened at $70.53 on Friday. Cerner Co. has a 52 week low of $47.09 and a 52 week high of $73.86. The stock has a market capitalization of $23,450.00, a PE ratio of 35.09, a P/E/G ratio of 2.07 and a beta of 0.94. The company has a quick ratio of 2.75, a current ratio of 2.77 and a debt-to-equity ratio of 0.11.

Cerner (NASDAQ:CERN) last announced its quarterly earnings data on Thursday, October 26th. The company reported $0.61 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.01). Cerner had a net margin of 13.37% and a return on equity of 18.03%. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the firm posted $0.59 earnings per share. The company’s revenue was up 7.7% on a year-over-year basis. equities analysts anticipate that Cerner Co. will post 2.24 earnings per share for the current fiscal year.

A number of equities analysts have issued reports on the stock. Robert W. Baird reaffirmed a “buy” rating on shares of Cerner in a report on Wednesday. Cantor Fitzgerald lifted their target price on Cerner to $83.00 and gave the stock an “overweight” rating in a research note on Friday. Citigroup began coverage on Cerner in a research note on Thursday. They set a “neutral” rating on the stock. Zacks Investment Research cut Cerner from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $70.00 target price on shares of Cerner in a research note on Thursday, November 30th. Fifteen investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Cerner currently has an average rating of “Hold” and an average price target of $69.94.

In related news, Chairman Clifford W. Illig sold 4,000 shares of the business’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 sale, the chairman now directly owns 1,229,719 shares in the company, valued at approximately $81,112,265.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Zane M. Burke sold 50,000 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $70.00, for a total value of $3,500,000.00. The disclosure for this sale can be found here. Insiders sold a total of 788,000 shares of company stock worth $52,190,800 over the last 90 days. 13.11% of the stock is currently owned by company 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.

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Institutional Ownership by Quarter for Cerner (NASDAQ:CERN)

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