Professional Advisory Services Inc buys $13,537,978 stake in Cerner Corporation (CERN)

Cerner Corporation (CERN) : Professional Advisory Services Inc scooped up 2,074 additional shares in Cerner Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 15, 2016. The investment management firm now holds a total of 222,335 shares of Cerner Corporation which is valued at $13,537,978.Cerner Corporation makes up approximately 3.01% of Professional Advisory Services Inc’s portfolio.

Other Hedge Funds, Including , Nisa Investment Advisors reduced its stake in CERN by selling 2,450 shares or 2.69% in the most recent quarter. The Hedge Fund company now holds 88,522 shares of CERN which is valued at $5,390,105. Cerner Corporation makes up approx 0.07% of Nisa Investment Advisors’s portfolio.Capital Investment Services Of America boosted its stake in CERN in the latest quarter, The investment management firm added 21,560 additional shares and now holds a total of 209,620 shares of Cerner Corporation which is valued at $12,707,164. Cerner Corporation makes up approx 2.39% of Capital Investment Services Of America’s portfolio.

Cerner Corporation opened for trading at $60.48 and hit $60.93 on the upside on Monday, eventually ending the session at $60.89, with a gain of 0.51% or 0.31 points. The heightened volatility saw the trading volume jump to 10,45,138 shares. Company has a market cap of $20,586 M.

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.

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