Cerner Co. (CERN) CFO Marc G. Naughton Sells 60,000 Shares
Cerner Co. (NASDAQ:CERN) CFO Marc G. Naughton sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $70.64, for a total value of $4,238,400.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Cerner Co. (NASDAQ:CERN) traded down $0.52 during midday trading on Friday, reaching $70.17. The company’s stock had a trading volume of 1,323,650 shares, compared to its average volume of 2,383,065. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.75 and a current ratio of 2.77. Cerner Co. has a one year low of $47.01 and a one year high of $73.86. The stock has a market capitalization of $23,330.00, a PE ratio of 30.86, a P/E/G ratio of 2.25 and a beta of 0.93.
Cerner (NASDAQ:CERN) last released its earnings results on Thursday, October 26th. The company reported $0.61 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.01). The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.29 billion. Cerner had a net margin of 13.37% and a return on equity of 18.03%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.59 EPS. equities analysts predict that Cerner Co. will post 2.25 EPS for the current year.
CERN has been the subject of several recent analyst reports. Royal Bank Of Canada restated a “buy” rating on shares of Cerner in a research note on Wednesday, October 25th. SunTrust Banks restated a “buy” rating and set a $79.00 target price on shares of Cerner in a research note on Thursday, October 19th. Zacks Investment Research upgraded Cerner from a “hold” rating to a “buy” rating and set a $81.00 target price for the company in a research note on Tuesday, October 17th. Jefferies Group set a $79.00 target price on Cerner and gave the stock a “buy” rating in a research note on Friday, October 13th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $77.00 target price on shares of Cerner in a research note on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $69.50.
WARNING: “Cerner Co. (CERN) CFO Marc G. Naughton Sells 60,000 Shares” was first reported by American Banking News and is the property of of American Banking News. If you are accessing this piece on another site, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The original version of this piece can be read at https://www.americanbankingnews.com/2017/12/01/cerner-co-cern-cfo-marc-g-naughton-sells-60000-shares.html.
Cerner Corporation (Cerner) 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 of all sizes. The Company’s segments include Domestic and Global. The Domestic segment includes revenue contributions and expenditures associated with business activity in the United States.
Receive News & Ratings for Cerner Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cerner Co. and related companies with MarketBeat.com's FREE daily email newsletter.