Cerner Corporation (CERN) : Financial Advisory Service scooped up 6,437 additional shares in Cerner Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 63,919 shares of Cerner Corporation which is valued at $3,427,976.Cerner Corporation makes up approximately 1.76% of Financial Advisory Service’s portfolio.
Other Hedge Funds, Including , Middleton Co Incma reduced its stake in CERN by selling 920 shares or 19.51% in the most recent quarter. The Hedge Fund company now holds 3,796 shares of CERN which is valued at $203,579. Cerner Corporation makes up approx 0.05% of Middleton Co Incma’s portfolio.Retirement Systems Of Alabama reduced its stake in CERN by selling 2,679 shares or 0.78% in the most recent quarter. The Hedge Fund company now holds 339,213 shares of CERN which is valued at $19,043,418. Cerner Corporation makes up approx 0.11% of Retirement Systems Of Alabama’s portfolio.Liberty Capital Management reduced its stake in CERN by selling 1,455 shares or 4.69% in the most recent quarter. The Hedge Fund company now holds 29,545 shares of CERN which is valued at $1,658,656. Cerner Corporation makes up approx 1.28% of Liberty Capital Management’s portfolio.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.
Cerner Corporation closed down -0.19 points or -0.34% at $55.24 with 26,99,100 shares getting traded on Tuesday. Post opening the session at $55.61, the shares hit an intraday low of $54.9 and an intraday high of $55.8 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
On the company’s financial health, Cerner Corporation reported $0.53 EPS for the quarter, based on the information available during the earnings call on May 5, 2016. Analyst had a consensus estimate of $0.53. The company had revenue of $1140.00 million for the quarter, compared to analysts expectations of $1167.19 million. The company’s revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS.
Many Wall Street Analysts have commented on Cerner Corporation. Shares were Reiterated by Topeka Capital Markets on May 6, 2016 to “Buy” and Lowered the Price Target to $ 64 from a previous price target of $65 .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.
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.