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Shares of Cerner (NASDAQ:CERN) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 14,298,190 shares, a decline of 10.1% from the March 31st total of 15,907,453 shares, Analyst Ratings Network reports. Currently, 4.7% of the company’s shares are sold short. Based on an average daily trading volume, of 2,498,981 shares, the short-interest ratio is currently 5.7 days.

A number of research firms have recently commented on CERN. Analysts at UBS AG upgraded shares of Cerner from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 30th. They now have a $60.00 price target on the stock, up previously from $58.00. They noted that the move was a valuation call. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Cerner in a research note on Monday, April 28th. They now have a $52.00 price target on the stock. Finally, analysts at ISI Group cut their price target on shares of Cerner from $69.00 to $63.00 in a research note on Friday, April 25th. They now have a “neutral” rating on the stock. Six research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Cerner has a consensus rating of “Buy” and a consensus price target of $67.00.

Shares of Cerner (NASDAQ:CERN) opened at 51.40 on Monday. Cerner has a 52-week low of $45.81 and a 52-week high of $63.07. The stock has a 50-day moving average of $54.90 and a 200-day moving average of $56.41. The company has a market cap of $17.649 billion and a P/E ratio of 44.13.

Cerner (NASDAQ:CERN) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.37. The company had revenue of $784.80 million for the quarter, compared to the consensus estimate of $784.72 million. During the same quarter in the previous year, the company posted $0.66 earnings per share. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. On average, analysts predict that Cerner will post $1.66 earnings per share for the current fiscal year.

Cerner Corporation is a supplier of healthcare information technology solutions, services, devices and hardware.

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