Dumont Blake Investment Advisors Lowers stake in Cerner Corporation (CERN)

Cerner Corporation (CERN) : Dumont Blake Investment Advisors reduced its stake in Cerner Corporation by 2.77% during the most recent quarter end. The investment management company now holds a total of 17,548 shares of Cerner Corporation which is valued at $1,163,432 after selling 500 shares in Cerner Corporation , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Cerner Corporation makes up approximately 0.57% of Dumont Blake Investment Advisors’s portfolio.

Other Hedge Funds, Including , Mizuho Trust Banking Ltd. boosted its stake in CERN in the latest quarter, The investment management firm added 18,013 additional shares and now holds a total of 485,145 shares of Cerner Corporation which is valued at $32,165,114. Cerner Corporation makes up approx 0.10% of Mizuho Trust Banking Ltd.’s portfolio.South Texas Money Management Ltd boosted its stake in CERN in the latest quarter, The investment management firm added 3,357 additional shares and now holds a total of 573,341 shares of Cerner Corporation which is valued at $38,012,508. Cerner Corporation makes up approx 2.06% of South Texas Money Management Ltd’s portfolio. American Research Management sold out all of its stake in CERN during the most recent quarter. The investment firm sold 100 shares of CERN which is valued $6,239.Conning boosted its stake in CERN in the latest quarter, The investment management firm added 220 additional shares and now holds a total of 7,354 shares of Cerner Corporation which is valued at $455,580. Cerner Corporation makes up approx 0.02% of Conning’s portfolio.Creative Planning boosted its stake in CERN in the latest quarter, The investment management firm added 10,895 additional shares and now holds a total of 314,290 shares of Cerner Corporation which is valued at $18,970,544. Cerner Corporation makes up approx 0.13% of Creative Planning’s portfolio.

Cerner Corporation opened for trading at $66.85 and hit $67.48 on the upside on Monday, eventually ending the session at $67.33, with a gain of 0.69% or 0.46 points. The heightened volatility saw the trading volume jump to 18,83,893 shares. Company has a market cap of $22,738 M.

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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