Cerner Corporation (CERN) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lowered its position in shares of Cerner Corporation (NASDAQ:CERN) by 43.7% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 80,937 shares of the company’s stock after selling 62,828 shares during the period. Segall Bryant & Hamill LLC’s holdings in Cerner Corporation were worth $4,763,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Legal & General Group Plc boosted its stake in shares of Cerner Corporation by 5.6% in the first quarter. Legal & General Group Plc now owns 1,386,743 shares of the company’s stock worth $81,610,000 after buying an additional 74,037 shares during the period. Stephens Inc. AR boosted its stake in shares of Cerner Corporation by 20.2% in the first quarter. Stephens Inc. AR now owns 29,222 shares of the company’s stock worth $1,720,000 after buying an additional 4,918 shares during the period. Global Financial Private Capital LLC purchased a new stake in shares of Cerner Corporation during the first quarter worth approximately $268,000. Front Street Capital Management Inc. boosted its stake in shares of Cerner Corporation by 2.2% in the first quarter. Front Street Capital Management Inc. now owns 164,739 shares of the company’s stock worth $9,695,000 after buying an additional 3,600 shares during the period. Finally, Stephens Investment Management Group LLC boosted its stake in shares of Cerner Corporation by 12.9% in the first quarter. Stephens Investment Management Group LLC now owns 477,452 shares of the company’s stock worth $28,098,000 after buying an additional 54,623 shares during the period. 82.77% of the stock is currently owned by institutional investors and hedge funds.

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

Cerner Corporation (CERN) traded down 0.53% during midday trading on Tuesday, hitting $66.98. 260,980 shares of the company were exchanged. The stock has a 50 day moving average of $65.50 and a 200 day moving average of $56.89. Cerner Corporation has a 1-year low of $47.01 and a 1-year high of $69.28. The firm has a market capitalization of $22.13 billion, a PE ratio of 34.53 and a beta of 0.97.

Cerner Corporation (NASDAQ:CERN) last issued its earnings results on Thursday, April 27th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.06. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Cerner Corporation had a net margin of 13.40% and a return on equity of 18.36%. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.53 earnings per share. On average, equities analysts predict that Cerner Corporation will post $2.51 earnings per share for the current fiscal year.

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A number of analysts have commented on the stock. BidaskClub cut shares of Cerner Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 15th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $72.00 price target (up previously from $65.00) on shares of Cerner Corporation in a research report on Tuesday, June 6th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $77.00 price target (up previously from $68.00) on shares of Cerner Corporation in a research report on Monday, June 5th. Canaccord Genuity reaffirmed a “buy” rating and set a $66.00 price target on shares of Cerner Corporation in a research report on Friday, June 2nd. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $74.00 price target on shares of Cerner Corporation in a research report on Thursday, June 1st. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and nine have given a buy rating to the company. Cerner Corporation currently has a consensus rating of “Hold” and a consensus target price of $64.70.

In other Cerner Corporation news, VP Michael R. Battaglioli sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $65.55, for a total value of $262,200.00. Following the completion of the transaction, the vice president now directly owns 4,000 shares in the company, valued at $262,200. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Denis A. Cortese sold 1,550 shares of the company’s stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $64.39, for a total transaction of $99,804.50. The disclosure for this sale can be found here. Insiders have sold 704,542 shares of company stock valued at $45,885,490 over the last three months. 13.20% of the stock is owned by corporate insiders.

About Cerner Corporation

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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