Davis R M Inc buys $41,618,573 stake in Cerner Corporation (CERN)

Cerner Corporation (CERN) : Davis R M Inc scooped up 42,670 additional shares in Cerner Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 18, 2016. The investment management firm now holds a total of 711,307 shares of Cerner Corporation which is valued at $41,618,573.Cerner Corporation makes up approximately 2.08% of Davis R M Inc’s portfolio.

Cerner Corporation opened for trading at $58.33 and hit $58.79 on the upside on Friday, eventually ending the session at $58.51, with a gain of 0.09% or 0.05 points. The heightened volatility saw the trading volume jump to 16,01,401 shares. Company has a market cap of $19,894 M.

Other Hedge Funds, Including , Bristol John W Co Inc Ny reduced its stake in CERN by selling 61,360 shares or 5.26% in the most recent quarter. The Hedge Fund company now holds 1,104,621 shares of CERN which is valued at $64,631,375. Cerner Corporation makes up approx 1.71% of Bristol John W Co Inc Ny’s portfolio.Horizon Kinetics boosted its stake in CERN in the latest quarter, The investment management firm added 1,306 additional shares and now holds a total of 11,167 shares of Cerner Corporation which is valued at $636,742. Cerner Corporation makes up approx 0.02% of Horizon Kinetics’s portfolio. Brookstone Capital Management added CERN to its portfolio by purchasing 4,039 company shares during the most recent quarter which is valued at $230,304. Cerner Corporation makes up approx 0.04% of Brookstone Capital Management’s portfolio.Livforsakringsbolaget Skandia Omsesidigt reduced its stake in CERN by selling 8,300 shares or 26.34% in the most recent quarter. The Hedge Fund company now holds 23,210 shares of CERN which is valued at $1,323,434. Cerner Corporation makes up approx 0.06% of Livforsakringsbolaget Skandia Omsesidigt’s portfolio.Capital Investment Services Of America boosted its stake in CERN in the latest quarter, The investment management firm added 2,878 additional shares and now holds a total of 188,060 shares of Cerner Corporation which is valued at $10,363,987. Cerner Corporation makes up approx 1.99% of Capital Investment Services Of America’s portfolio.

On the company’s financial health, Cerner Corporation reported $0.61 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Feb 16, 2016. Analyst had a consensus of $0.57. The company had revenue of $1175.00 million for the quarter, compared to analysts expectations of $1173.82 million. The company’s revenue was up 26.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS.

Many Wall Street Analysts have commented on Cerner Corporation. Shares were Reiterated by Topeka Capital Markets on Mar 4, 2016 to “Buy” and Lowered the Price Target to $ 65 from a previous price target of $68 .Cerner Corporation was Downgraded by Goldman to ” Neutral” on Feb 23, 2016. Shares were Reiterated by RBC Capital Mkts on Feb 17, 2016 to “Top Pick” and Lowered the Price Target to $ 70 from a previous price target of $75 .

Cerner Corporation (Cerner) is a supplier of health care information technology (HCIT). The Company offers a range of intelligent solutions and services that support the clinical financial and operational needs of organizations. The Company offers software hardware professional services and managed services. The Company operates in two segments: Domestic and Global. The Domestic segment includes the business activity in the United States. The Global segment includes the business activity in Aruba Australia Austria Brazil Canada Cayman Islands Chile Egypt England Finland France Germany Guam India Ireland Israel Malaysia Mexico Netherlands Qatar Saudi Arabia Singapore Spain Switzerland and the United Arab Emirates. Cerner solutions are offered on the unified Cerner Millennium architecture and on the HealtheIntent cloud-based platform. Its solutions include HealtheRegistries Cerner ITWorks Cerner RevWorks PowerWorks and CommunityWorks among others.

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