Equities research analysts at Bank of America Corp. started coverage on shares of Cerner Corp. (NASDAQ:CERN) in a research report issued to clients and investors on Monday. The firm set a “buy” rating and a $67.00 price target on the stock. Bank of America Corp.’s price target indicates a potential upside of 8.98% from the company’s previous close.

A number of other research analysts have also weighed in on CERN. KeyCorp reissued a “buy” rating on shares of Cerner Corp. in a research note on Sunday, May 22nd. Leerink Swann reissued an “outperform” rating and issued a $65.00 target price on shares of Cerner Corp. in a research note on Tuesday, May 31st. FBR & Co reissued an “outperform” rating and issued a $73.00 target price on shares of Cerner Corp. in a research note on Friday, June 3rd. Jefferies Group reissued a “buy” rating on shares of Cerner Corp. in a research note on Friday, June 10th. Finally, SunTrust Banks Inc. raised shares of Cerner Corp. from a “neutral” rating to a “buy” rating and raised their target price for the stock from $55.28 to $65.00 in a research note on Thursday, June 23rd. They noted that the move was a valuation call. Ten research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $66.18.

Shares of Cerner Corp. (NASDAQ:CERN) traded down 0.87% on Monday, reaching $61.48. The company had a trading volume of 1,357,236 shares. The company’s 50 day moving average price is $64.66 and its 200-day moving average price is $57.99. Cerner Corp. has a 1-year low of $49.59 and a 1-year high of $68.31. The stock has a market capitalization of $20.76 billion, a P/E ratio of 33.76 and a beta of 0.66.

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Cerner Corp. (NASDAQ:CERN) last released its earnings results on Tuesday, August 2nd. The company reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.01. Cerner Corp. had a net margin of 13.53% and a return on equity of 18.57%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period last year, the company posted $0.52 EPS. The business’s revenue was up 8.0% on a year-over-year basis. Equities analysts predict that Cerner Corp. will post $2.36 EPS for the current year.

In other Cerner Corp. news, Director Linda M. Dillman sold 6,000 shares of the company’s stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $64.68, for a total value of $388,080.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Clifford W. Illig sold 325,705 shares of the company’s stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $65.10, for a total transaction of $21,203,395.50. Following the completion of the transaction, the insider now owns 6,652,392 shares of the company’s stock, valued at approximately $433,070,719.20. The disclosure for this sale can be found here. Corporate insiders own 13.20% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Cerner Corp. by 1.3% in the second quarter. Vanguard Group Inc. now owns 26,886,495 shares of the company’s stock valued at $1,575,549,000 after buying an additional 357,578 shares in the last quarter. Generation Investment Management LLP increased its position in Cerner Corp. by 16.3% in the second quarter. Generation Investment Management LLP now owns 10,894,749 shares of the company’s stock valued at $638,432,000 after buying an additional 1,527,317 shares in the last quarter. Loomis Sayles & Co. L P increased its position in Cerner Corp. by 26.1% in the second quarter. Loomis Sayles & Co. L P now owns 8,765,723 shares of the company’s stock valued at $513,671,000 after buying an additional 1,812,374 shares in the last quarter. Manning & Napier Advisors LLC increased its position in Cerner Corp. by 22.5% in the second quarter. Manning & Napier Advisors LLC now owns 8,496,202 shares of the company’s stock valued at $497,876,000 after buying an additional 1,561,040 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in Cerner Corp. by 0.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 7,657,866 shares of the company’s stock valued at $448,751,000 after buying an additional 22,386 shares in the last quarter. Institutional investors own 81.38% of the company’s stock.

About Cerner Corp.

Cerner Corporation 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. Its segments include Domestic and Global. The Domestic segment includes the business activity in the United States.

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