Cerner Co. (CERN) Director William D. Zollars Sells 4,100 Shares

Cerner Co. (NASDAQ:CERN) Director William D. Zollars sold 4,100 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $62.16, for a total transaction of $254,856.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of Cerner Co. (NASDAQ CERN) traded up $1.18 during trading hours on Monday, hitting $62.49. 2,686,857 shares of the stock were exchanged, compared to its average volume of 2,555,161. The company has a market cap of $20,910.00, a price-to-earnings ratio of 24.32, a price-to-earnings-growth ratio of 1.84 and a beta of 0.90. Cerner Co. has a 1 year low of $51.26 and a 1 year high of $73.86. The company has a quick ratio of 2.99, a current ratio of 3.01 and a debt-to-equity ratio of 0.11.

Cerner (NASDAQ:CERN) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $0.58 EPS for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.03). The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.33 billion. Cerner had a return on equity of 16.82% and a net margin of 16.86%. Cerner’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.61 EPS. research analysts forecast that Cerner Co. will post 2.42 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in CERN. APG Asset Management N.V. grew its holdings in shares of Cerner by 153.1% during the 4th quarter. APG Asset Management N.V. now owns 1,121,956 shares of the company’s stock valued at $62,965,000 after purchasing an additional 678,700 shares during the last quarter. Sawgrass Asset Management LLC bought a new position in shares of Cerner during the 3rd quarter valued at $39,946,000. BlackRock Inc. grew its holdings in shares of Cerner by 2.2% during the 4th quarter. BlackRock Inc. now owns 19,519,304 shares of the company’s stock valued at $1,315,406,000 after purchasing an additional 420,942 shares during the last quarter. Koch Industries Inc. bought a new position in shares of Cerner during the 2nd quarter valued at $310,000. Finally, State of Wisconsin Investment Board grew its holdings in shares of Cerner by 68.2% during the 4th quarter. State of Wisconsin Investment Board now owns 716,239 shares of the company’s stock valued at $48,267,000 after purchasing an additional 290,527 shares during the last quarter. 81.58% of the stock is currently owned by institutional investors.

A number of brokerages recently commented on CERN. SunTrust Banks cut shares of Cerner from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Cerner from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Cerner in a report on Wednesday, October 25th. JPMorgan Chase & Co. lowered shares of Cerner from an “overweight” rating to a “neutral” rating in a report on Friday, October 27th. Finally, Leerink Swann reaffirmed a “hold” rating on shares of Cerner in a report on Saturday, November 25th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $67.05.

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About Cerner

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.

Insider Buying and Selling by Quarter for Cerner (NASDAQ:CERN)

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