Insider Selling: Michael Nill Sells 50,000 Shares of Cerner Corp. Stock (CERN)
Cerner Corp. (NASDAQ:CERN) COO Michael Nill sold 50,000 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $57.94, for a total transaction of $2,897,000.00. Following the completion of the sale, the chief operating officer now directly owns 81,612 shares in the company, valued at approximately $4,728,599. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Cerner Corp. (NASDAQ:CERN) traded up 1.52% on Friday, hitting $60.18. The stock had a trading volume of 1,841,036 shares. Cerner Corp. has a 52-week low of $42.50 and a 52-week high of $60.28. The stock has a 50-day moving average of $55.6 and a 200-day moving average of $53.56. The company has a market cap of $20.699 billion and a P/E ratio of 52.46.
Cerner Corp. (NASDAQ:CERN) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. The company had revenue of $793.20 million for the quarter, compared to the consensus estimate of $794.22 million. During the same quarter in the previous year, the company posted $0.67 earnings per share. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. On average, analysts predict that Cerner Corp. will post $1.66 earnings per share for the current fiscal year.
A number of research firms have recently commented on CERN. Analysts at RBC Capital initiated coverage on shares of Cerner Corp. in a research note on Thursday. They set an “outperform” rating and a $66.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Cerner Corp. in a research note on Thursday, February 6th. They now have a $56.00 price target on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of Cerner Corp. from $71.00 to $68.00 in a research note on Wednesday, February 5th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $70.52.
Cerner Corporation is a supplier of healthcare information technology solutions, services, devices and hardware.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.