Insider Selling: Neal L. Patterson Sells 54,000 Shares of Cerner Stock (CERN)
Cerner (NASDAQ:CERN) CEO Neal L. Patterson unloaded 54,000 shares of Cerner stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $56.38, for a total value of $3,044,520.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Cerner (NASDAQ:CERN) traded down 0.85% during mid-day trading on Thursday, hitting $55.80. The stock had a trading volume of 1,897,557 shares. Cerner has a 52-week low of $45.81 and a 52-week high of $63.07. The stock’s 50-day moving average is $53.9 and its 200-day moving average is $54.88. The company has a market cap of $19.031 billion and a price-to-earnings ratio of 46.51.
Cerner (NASDAQ:CERN) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.40 earnings per share (EPS) for the quarter, meeting the 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 previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. Analysts expect that Cerner will post $1.66 EPS for the current fiscal year.
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 research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $62.56.
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.