Pensionfund Sabic buys $1.4 Million stake in Cerner Corporation (CERN)

Cerner Corporation (CERN) : Pensionfund Sabic scooped up 4,000 additional shares in Cerner Corporation during the most recent quarter end , according to a recent disclosure to the SEC on Apr 4, 2016. The investment management firm now holds a total of 26,000 shares of Cerner Corporation which is valued at $1.4 Million.Cerner Corporation makes up approximately 0.44% of Pensionfund Sabic’s portfolio.

Other Hedge Funds, Including , Pensionfund Dsm Netherlands boosted its stake in CERN in the latest quarter, The investment management firm added 12,800 additional shares and now holds a total of 56,800 shares of Cerner Corporation which is valued at $3.1 Million. Cerner Corporation makes up approx 0.43% of Pensionfund Dsm Netherlands’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 closed down -1.34 points or -2.37% at $55.11 with 19,59,470 shares getting traded on Monday. Post opening the session at $56.56, the shares hit an intraday low of $54.96 and an intraday high of $56.97 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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