Share on StockTwits

Cerner (NASDAQ:CERN) Director William D. Zollars sold 9,200 shares of the company’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $55.20, for a total transaction of $507,840.00. Following the transaction, the director now directly owns 73,566 shares in the company, valued at approximately $4,060,843. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

CERN has been the subject of a number of recent research reports. Analysts at Wells Fargo & Co. upgraded shares of Cerner from a “market perform” rating to an “outperform” rating in a research note on Wednesday, August 6th. Separately, analysts at Raymond James reiterated an “outperform” rating on shares of Cerner in a research note on Friday, July 25th. They now have a $64.00 price target on the stock, up previously from $60.00. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Cerner in a research note on Friday, July 25th. They now have a $70.00 price target on the stock, up previously from $68.00. Four investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Cerner currently has an average rating of “Buy” and an average price target of $62.56.

Shares of Cerner (NASDAQ:CERN) traded up 1.06% on Monday, hitting $56.23. 1,709,676 shares of the company’s stock traded hands. Cerner has a one year low of $45.81 and a one year high of $63.07. The stock’s 50-day moving average is $53.61 and its 200-day moving average is $54.87. The company has a market cap of $19.177 billion and a price-to-earnings ratio of 45.98.

Cerner (NASDAQ:CERN) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.40 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.40. The company had revenue of $851.80 million for the quarter, compared to the consensus estimate of $813.77 million. During the same quarter in the prior year, the company posted $0.34 earnings per share. The company’s quarterly revenue was up 20.4% 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.

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.