Rhenman Partners Asset Management Ab Lowers stake in Cerner Corporation (CERN)

Cerner Corporation (CERN) : Rhenman Partners Asset Management Ab reduced its stake in Cerner Corporation by 5.81% during the most recent quarter end. The investment management company now holds a total of 81,000 shares of Cerner Corporation which is valued at $5,370,300 after selling 5,000 shares in Cerner Corporation , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Cerner Corporation makes up approximately 0.86% of Rhenman Partners Asset Management Ab’s portfolio.

Other Hedge Funds, Including , Courier Capital Corp boosted its stake in CERN in the latest quarter, The investment management firm added 920 additional shares and now holds a total of 5,290 shares of Cerner Corporation which is valued at $350,727. Cerner Corporation makes up approx 0.07% of Courier Capital Corp’s portfolio.Alps Advisors Inc reduced its stake in CERN by selling 560 shares or 6.83% in the most recent quarter. The Hedge Fund company now holds 7,634 shares of CERN which is valued at $472,926.Umb Bank N Amo reduced its stake in CERN by selling 22,657 shares or 5.43% in the most recent quarter. The Hedge Fund company now holds 394,501 shares of CERN which is valued at $24,439,337. Cerner Corporation makes up approx 1.00% of Umb Bank N Amo’s portfolio.Checchi Capital Advisers boosted its stake in CERN in the latest quarter, The investment management firm added 72 additional shares and now holds a total of 2,700 shares of Cerner Corporation which is valued at $167,265. Cerner Corporation makes up approx 0.04% of Checchi Capital Advisers’s portfolio.

Cerner Corporation (CERN) witnessed a volatile trading activity on Thursday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $65.97 and reached the intraday high at $67.025. The bulls started the profit booking and pushed the shares to intraday low of $65.92. The trading session was marked by a volume range of 25,03,398 shares exchanging hands. The 52-week high of the shares is $71.28 and the 52-week low is $49.59. The market cap of the company stands at $22,415 M and there are 33,80,81,820 shares in public circulation.

On the company’s financial health, Cerner Corporation reported $0.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.57. The company had revenue of $1216.00 million for the quarter, compared to analysts expectations of $1209.57 million. The company’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.

Many Wall Street Analysts have commented on Cerner Corporation. Company shares were Reiterated by Barclays on Aug 3, 2016 to “Overweight”, Firm has raised the Price Target to $ 67 from a previous price target of $55 .Cerner Corporation was Downgraded by Raymond James to ” Mkt Perform” on Jul 5, 2016. Cerner Corporation was Upgraded by SunTrust to ” Buy” on Jun 23, 2016.

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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