Cerner Corporation (CERN) : Forte Capital Adv scooped up 100 additional shares in Cerner Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 11, 2016. The investment management firm now holds a total of 67,765 shares of Cerner Corporation which is valued at $4,090,295.Cerner Corporation makes up approximately 1.54% of Forte Capital Adv’s portfolio.
Other Hedge Funds, Including , Benjamin F. Edwards Company boosted its stake in CERN in the latest quarter, The investment management firm added 250 additional shares and now holds a total of 900 shares of Cerner Corporation which is valued at $54,324. Cerner Corporation makes up approx 0.01% of Benjamin F. Edwards Company’s portfolio.Trust Co boosted its stake in CERN in the latest quarter, The investment management firm added 6,275 additional shares and now holds a total of 51,453 shares of Cerner Corporation which is valued at $3,119,081. Cerner Corporation makes up approx 1.18% of Trust Co’s portfolio. Chicago Trust Co Na sold out all of its stake in CERN during the most recent quarter. The investment firm sold 3,975 shares of CERN which is valued $240,965.
Cerner Corporation closed down -0.38 points or -0.63% at $60.36 with 22,83,103 shares getting traded on Wednesday. Post opening the session at $61.15, the shares hit an intraday low of $60.225 and an intraday high of $61.1997 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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. 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. 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 .
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.